Lorin Brass Sells 1,000 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 1,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the director directly owned 17,455 shares in the company, valued at $785,475. This trade represents a 5.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bristow Group Price Performance

VTOL opened at $46.25 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.54 and a current ratio of 1.90. The stock has a market capitalization of $1.35 billion, a P/E ratio of 10.71 and a beta of 1.35. The company’s 50-day simple moving average is $44.63 and its two-hundred day simple moving average is $40.16. Bristow Group Inc. has a 52-week low of $25.11 and a 52-week high of $49.55.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%. The firm had revenue of $377.26 million for the quarter, compared to the consensus estimate of $380.33 million.

Bristow Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were issued a $0.125 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.50 annualized dividend and a yield of 1.1%. Bristow Group’s dividend payout ratio (DPR) is currently 11.57%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. Wall Street Zen raised Bristow Group from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. JonesTrading began coverage on Bristow Group in a research report on Friday, January 23rd. They set a “buy” rating for the company. Raymond James Financial initiated coverage on Bristow Group in a report on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 target price on the stock. Finally, Zacks Research raised Bristow Group to a “hold” rating in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VTOL. AQR Capital Management LLC purchased a new stake in Bristow Group in the 1st quarter worth approximately $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after acquiring an additional 609 shares during the period. Jane Street Group LLC lifted its holdings in Bristow Group by 178.7% during the first quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock valued at $1,690,000 after purchasing an additional 34,317 shares in the last quarter. Strs Ohio purchased a new position in Bristow Group during the first quarter valued at approximately $44,000. Finally, Geode Capital Management LLC boosted its position in shares of Bristow Group by 9.0% in the second quarter. Geode Capital Management LLC now owns 624,318 shares of the company’s stock worth $20,588,000 after purchasing an additional 51,594 shares during the period. 93.29% of the stock is currently owned by institutional investors.

About Bristow Group

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.