Insider Selling: Bristow Group (NYSE:VTOL) Insider Sells $550,215.60 in Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $45.68, for a total transaction of $550,215.60. Following the transaction, the insider directly owned 2,849,751 shares in the company, valued at approximately $130,176,625.68. This represents a 0.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Alternative Asset Manage Solus also recently made the following trade(s):

• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were sold at an average price of $45.75, for a total value of $1,875.75.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The shares were sold at an average price of $45.85, for a total value of $687,750.00.

Bristow Group Stock Performance

Shares of Bristow Group stock opened at $43.31 on Friday. The business’s fifty day simple moving average is $44.66 and its 200 day simple moving average is $44.85. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66. Bristow Group Inc. has a 12 month low of $35.03 and a 12 month high of $50.38. The firm has a market capitalization of $1.28 billion, a P/E ratio of 12.48 and a beta of 1.19.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) 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 business had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. As a group, analysts anticipate that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Announces Dividend

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

Institutional Investors Weigh In On Bristow Group

Several large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Bristow Group by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock worth $211,000 after purchasing an additional 340 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Bristow Group by 1.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,886 shares of the company’s stock worth $801,000 after buying an additional 368 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Bristow Group by 0.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock worth $2,900,000 after buying an additional 402 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Bristow Group by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock valued at $461,000 after buying an additional 609 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Bristow Group in the 2nd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VTOL shares. Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Finally, Wall Street Zen cut 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 company. Based on data from MarketBeat, Bristow Group has an average rating of “Moderate Buy” and an average target price 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.