The Manufacturers Life Insurance Company Acquires Shares of 12,897 Bristow Group Inc. $VTOL

The Manufacturers Life Insurance Company bought a new position in Bristow Group Inc. (NYSE:VTOL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,897 shares of the company’s stock, valued at approximately $533,000.

Several other institutional investors and hedge funds also recently made changes to their positions in VTOL. Raymond James Financial Inc. purchased a new position in Bristow Group during the second quarter worth about $25,000. Clearstead Advisors LLC grew its position in Bristow Group by 1,450.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after purchasing an additional 1,001 shares in the last quarter. Parkside Financial Bank & Trust increased its stake in Bristow Group by 1,645.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after buying an additional 1,053 shares during the last quarter. Allworth Financial LP purchased a new stake in Bristow Group in the 2nd quarter valued at about $43,000. Finally, Strs Ohio bought a new position in shares of Bristow Group during the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Trading Down 0.0%

NYSE:VTOL opened at $43.31 on Monday. Bristow Group Inc. has a 12 month low of $35.03 and a 12 month high of $50.38. 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’s 50 day moving average is $44.66 and its 200 day moving average is $44.85. The stock has a market capitalization of $1.28 billion, a PE 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 for the quarter, missing the consensus estimate of $0.89 by ($0.19). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The firm had revenue of $411.75 million for the quarter, compared to the consensus estimate of $407.28 million. Sell-side analysts expect that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, August 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. Bristow Group’s dividend payout ratio is presently 14.41%.

Insider Buying and Selling

In other news, insider Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $45.68, for a total value of $550,215.60. Following the completion of the transaction, the insider owned 2,849,751 shares in the company, valued at $130,176,625.68. This trade represents a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lorin L. Brass sold 1,890 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total transaction of $87,998.40. Following the completion of the sale, the director directly owned 18,873 shares in the company, valued at approximately $878,726.88. This trade represents a 9.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 40,584 shares of company stock valued at $1,864,317. 12.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.