Bristow Group (NYSE:VTOL) Director Lorin Brass Sells 1,000 Shares

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 1,000 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $41.54, for a total value of $41,540.00. Following the completion of the transaction, the director owned 17,223 shares of the company’s stock, valued at $715,443.42. The trade was a 5.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Bristow Group Stock Up 2.1%

Shares of NYSE:VTOL opened at $42.83 on Wednesday. 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 cap of $1.27 billion, a price-to-earnings ratio of 12.34 and a beta of 1.19. The stock’s 50-day moving average price is $44.68 and its two-hundred day moving average price is $44.52. Bristow Group Inc. has a 12-month low of $35.03 and a 12-month high of $50.38.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings data 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). 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. On average, research analysts forecast that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Announces Dividend

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

Hedge Funds Weigh In On Bristow Group

A number of hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in Bristow Group in the 2nd quarter valued at $27,000. Nykredit A S acquired a new position in shares of Bristow Group during the second quarter worth about $27,000. Integrated Wealth Concepts LLC acquired a new position in shares of Bristow Group during the second quarter worth about $42,000. Allworth Financial LP acquired a new position in shares of Bristow Group during the second quarter worth about $43,000. Finally, Clearstead Advisors LLC boosted its position in shares of Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after buying an additional 1,001 shares during the period. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

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

Bristow Group Company Profile

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.