Bristow Group (NYSE:VTOL) Trading Up 4.1% – Here’s Why

Bristow Group Inc. (NYSE:VTOL) shares rose 4.1% during trading on Monday . The stock traded as high as $45.80 and last traded at $45.5030. 20,282 shares changed hands during trading, a decline of 91% from the average daily volume of 220,122 shares. The stock had previously closed at $43.73.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group Trading Down 0.4%

The company has a market capitalization of $1.34 billion, a PE ratio of 13.02 and a beta of 1.19. The company’s fifty day moving average is $44.49 and its 200-day moving average is $44.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85.

Bristow Group (NYSE:VTOL) last posted 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). The company had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. On average, analysts anticipate that Bristow Group Inc. will post 3.31 EPS for the current fiscal 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 paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 14th. Bristow Group’s dividend payout ratio is 14.41%.

Insider Transactions at Bristow Group

In other Bristow Group news, Director Lorin L. Brass sold 1,890 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total value of $87,998.40. Following the completion of the transaction, the director directly owned 18,873 shares in the company, valued at approximately $878,726.88. The trade was a 9.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Stuart Stavley sold 10,218 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $46.20, for a total transaction of $472,071.60. Following the sale, the chief operating officer directly owned 64,740 shares of the company’s stock, valued at approximately $2,990,988. The trade was a 13.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 13,148 shares of company stock worth $608,365. 12.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Bristow Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Bristow Group in the second quarter valued at approximately $162,017,000. Vanguard Group Inc. lifted its holdings in shares of Bristow Group by 3.6% during 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. Dimensional Fund Advisors LP lifted its holdings in shares of Bristow Group by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company’s stock valued at $82,212,000 after purchasing an additional 45,874 shares during the last quarter. Taconic Capital Advisors LP boosted its position in shares of Bristow Group by 6.4% in the 2nd quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock worth $43,885,000 after purchasing an additional 80,000 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Bristow Group by 3.5% in the 4th quarter. State Street Corp now owns 1,050,646 shares of the company’s stock worth $38,475,000 after purchasing an additional 35,080 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

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.