Bristow Group (NYSE:VTOL) Director Lorin Brass Sells 1,890 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 1,890 shares of Bristow Group stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total value of $87,998.40. Following the sale, the director directly owned 18,873 shares in the company, valued at $878,726.88. The trade was a 9.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bristow Group Trading Down 1.0%

Shares of VTOL stock opened at $45.46 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38. The stock has a fifty day moving average of $44.13 and a two-hundred day moving average of $44.83. The firm has a market capitalization of $1.35 billion, a PE ratio of 13.10 and a beta of 1.22.

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

Bristow Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 14th. Bristow Group’s dividend payout ratio is currently 14.41%.

Analyst Upgrades and Downgrades

A number of research firms have commented on VTOL. Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nykredit A S acquired a new stake in shares of Bristow Group during the 2nd quarter valued at $27,000. Van Den Berg Management I Inc. boosted its stake in shares of Bristow Group by 16.6% during the 2nd quarter. Van Den Berg Management I Inc. now owns 108,398 shares of the company’s stock worth $4,479,000 after acquiring an additional 15,471 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Bristow Group during the 2nd quarter worth $6,290,000. Public Employees Retirement System of Ohio acquired a new position in shares of Bristow Group in the 2nd quarter worth $27,000. Finally, Corient Private Wealth LP acquired a new position in shares of Bristow Group in the 2nd quarter worth $1,431,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

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.