Bristow Group (NYSE:VTOL) Director Lorin Brass Sells 350 Shares

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $46.03, for a total transaction of $16,110.50. Following the completion of the sale, the director directly owned 18,223 shares in the company, valued at $838,804.69. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Bristow Group Stock Performance

Shares of VTOL stock opened at $45.33 on Thursday. Bristow Group Inc. has a one year low of $35.03 and a one year high of $50.38. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. The company has a 50 day moving average price of $44.58 and a 200 day moving average price of $44.86. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.06 and a beta of 1.19.

Bristow Group (NYSE:VTOL) last posted its quarterly 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 return on equity of 9.82% and a net margin of 6.66%.The company had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. Sell-side analysts anticipate that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.1%. Bristow Group’s dividend payout ratio is currently 14.41%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in VTOL. PNC Financial Services Group Inc. raised its stake in shares of Bristow Group by 8.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock valued at $211,000 after purchasing an additional 340 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Bristow Group by 1.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,886 shares of the company’s stock valued at $801,000 after buying an additional 368 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Bristow Group by 0.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock valued at $2,900,000 after buying an additional 402 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Bristow Group in the 2nd quarter worth approximately $27,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on VTOL shares. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Finally, Zacks Research raised 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 assigned a Hold rating to the company. According to data from MarketBeat, Bristow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

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.