Bristow Group (NYSE:VTOL) Director Sells $41,540.00 in Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 1,000 shares of the company’s stock in a transaction that occurred 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 sale, the director owned 17,223 shares in the company, valued at $715,443.42. This represents a 5.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Bristow Group Stock Performance

Shares of NYSE VTOL traded up $0.61 during midday trading on Tuesday, hitting $42.57. 22,141 shares of the company’s stock were exchanged, compared to its average volume of 230,849. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1.26 billion, a PE ratio of 12.27 and a beta of 1.19. Bristow Group Inc. has a 12 month low of $35.03 and a 12 month high of $50.38. The company’s 50 day moving average price is $44.69 and its 200 day moving average price is $44.53.

Bristow Group (NYSE:VTOL) last posted its quarterly 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). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The business had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. As a group, analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The business also recently announced 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. 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 currently 14.41%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Bristow Group

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Bristow Group in the second quarter valued at about $162,017,000. Encompass Capital Advisors LLC bought a new stake in Bristow Group during the fourth quarter worth about $25,613,000. Fearnley Asset Management AS acquired a new stake in Bristow Group during the fourth quarter worth about $16,942,000. Bank of New York Mellon Corp bought a new position in Bristow Group in the 2nd quarter valued at about $7,463,000. Finally, Empowered Funds LLC bought a new position in Bristow Group in the 2nd quarter valued at about $6,290,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

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.