The Manufacturers Life Insurance Company Takes $533,000 Position in Bristow Group Inc. $VTOL

The Manufacturers Life Insurance Company acquired a new stake in shares of Bristow Group Inc. (NYSE:VTOL) during the second quarter, according to its most recent filing with the SEC. The fund acquired 12,897 shares of the company’s stock, valued at approximately $533,000.

A number of other institutional investors have also added to or reduced their stakes in VTOL. BlackRock Inc. bought a new stake in shares of Bristow Group during the second quarter valued at about $162,017,000. Encompass Capital Advisors LLC bought a new position in shares of Bristow Group in the fourth quarter valued at approximately $25,613,000. Fearnley Asset Management AS purchased a new position in Bristow Group during the fourth quarter valued at approximately $16,942,000. Boston Partners purchased a new position in Bristow Group during the fourth quarter valued at approximately $13,486,000. Finally, Bank of New York Mellon Corp bought a new stake in Bristow Group during the 2nd quarter worth approximately $7,463,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Bristow Group presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Stock Down 0.0%

Shares of NYSE VTOL opened at $43.31 on Monday. Bristow Group Inc. has a 12 month low of $35.03 and a 12 month high of $50.38. 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 firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 12.48 and a beta of 1.19. The business has a 50-day moving average of $44.66 and a 200-day moving average of $44.85.

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

Bristow Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.125 per share. The ex-dividend date was Friday, August 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. Bristow Group’s dividend payout ratio (DPR) is 14.41%.

Insider Transactions at Bristow Group

In related news, insider Alternative Asset Manage Solus sold 12,045 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $45.68, for a total value of $550,215.60. Following the transaction, the insider owned 2,849,751 shares of the company’s stock, valued at $130,176,625.68. This represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Stuart Stavley sold 10,218 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $46.20, for a total value of $472,071.60. Following the sale, the chief operating officer owned 64,740 shares in the company, valued at $2,990,988. The trade was a 13.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 40,584 shares of company stock valued at $1,864,317. Insiders own 12.80% of the company’s stock.

Bristow Group Company Profile

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.