Insider Selling: Bristow Group (NYSE:VTOL) COO Sells 24,908 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) COO Stuart Stavley sold 24,908 shares of Bristow Group stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $47.02, for a total value of $1,171,174.16. Following the transaction, the chief operating officer owned 85,790 shares in the company, valued at $4,033,845.80. This trade represents a 22.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Bristow Group Stock Down 0.7%

VTOL stock traded down $0.36 during mid-day trading on Friday, hitting $47.64. 426,583 shares of the company were exchanged, compared to its average volume of 203,370. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.53 and a current ratio of 1.91. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $49.55. The firm’s 50 day simple moving average is $42.08 and its 200 day simple moving average is $39.25. The firm has a market cap of $1.38 billion, a P/E ratio of 11.03 and a beta of 1.38.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.15. Bristow Group had a net margin of 8.66% and a return on equity of 13.12%. The company had revenue of $377.26 million during the quarter, compared to the consensus estimate of $380.33 million.

Bristow Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 13th.

Hedge Funds Weigh In On Bristow Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Bristow Group during the second quarter worth $25,000. Clearstead Advisors LLC grew its position in shares of Bristow Group by 1,450.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after acquiring an additional 1,001 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Bristow Group by 1,645.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after purchasing an additional 1,053 shares during the last quarter. CWM LLC raised its holdings in shares of Bristow Group by 208.4% in the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after purchasing an additional 913 shares during the period. Finally, Strs Ohio acquired a new stake in Bristow Group in the 1st quarter valued at about $44,000. 93.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, January 21st. JonesTrading began coverage on shares of Bristow Group in a report on Friday, January 23rd. They issued a “buy” rating on the stock. Raymond James Financial began coverage on shares of Bristow Group in a report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 target price for the company. Finally, Zacks Research raised shares of Bristow Group to a “hold” rating in a research report on Thursday, February 19th. 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.com, the stock has an average 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.