Bristow Group (NYSE:VTOL) Director Maryanne Miller Sells 430 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) Director Maryanne Miller sold 430 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $46.05, for a total transaction of $19,801.50. Following the completion of the transaction, the director directly owned 23,440 shares in the company, valued at approximately $1,079,412. This represents a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bristow Group Trading Up 2.2%

Shares of VTOL stock opened at $46.88 on Thursday. Bristow Group Inc. has a 12-month low of $35.03 and a 12-month high of $50.38. The company has a market capitalization of $1.39 billion, a PE ratio of 13.51 and a beta of 1.22. The firm has a 50 day moving average price of $44.05 and a two-hundred day moving average price of $44.81. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.19). The firm had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. As a group, analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Announces Dividend

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

Institutional Investors Weigh In On Bristow Group

A number of hedge funds and other institutional investors have recently bought and sold shares of VTOL. AQR Capital Management LLC bought a new position in Bristow Group in the first quarter valued at about $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position 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 buying an additional 609 shares during the period. Jane Street Group LLC boosted its position in Bristow Group by 178.7% during the 1st quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after buying an additional 34,317 shares during the period. Strs Ohio bought a new stake in Bristow Group during the 1st quarter worth approximately $44,000. Finally, Creative Planning bought a new stake in Bristow Group during the 2nd quarter worth approximately $236,000. Institutional investors own 93.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on VTOL. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen downgraded shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Bristow Group presently has a consensus rating of “Moderate Buy” and an average 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.