Bristow Group (NYSE:VTOL) Director Sells $87,998.40 in Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 1,890 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total transaction of $87,998.40. Following the completion of the sale, the director owned 18,873 shares in the company, valued at $878,726.88. The trade was a 9.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Bristow Group Price Performance

Bristow Group stock opened at $45.46 on Monday. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66. The company has a fifty day simple moving average of $44.13 and a 200-day simple moving average of $44.83. The stock has a market cap of $1.35 billion, a P/E ratio of 13.10 and a beta of 1.22. Bristow Group Inc. has a 12-month low of $35.03 and a 12-month high of $50.38.

Bristow Group (NYSE:VTOL) last posted its earnings results on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The business had revenue of $411.75 million during the quarter, compared to analysts’ expectations of $407.28 million. Equities analysts expect that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.

Bristow Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be issued a $0.125 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. Bristow Group’s dividend payout ratio is presently 14.41%.

Hedge Funds Weigh In On Bristow Group

Several large investors have recently bought and sold shares of VTOL. Y Intercept Hong Kong Ltd purchased a new position in shares of Bristow Group during the first quarter worth approximately $1,521,000. Vanguard Group Inc. raised its position in Bristow Group by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock valued at $75,313,000 after purchasing an additional 71,638 shares during the last quarter. Sei Investments Co. raised its position in Bristow Group by 107.1% in the 1st quarter. Sei Investments Co. now owns 81,589 shares of the company’s stock valued at $3,826,000 after purchasing an additional 42,193 shares during the last quarter. Horizon Investments LLC acquired a new stake in Bristow Group during the 4th quarter worth $616,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Bristow Group by 33.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 130,735 shares of the company’s stock worth $4,795,000 after purchasing an additional 32,623 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VTOL. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $60.00.

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.