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

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 1,000 shares of Bristow Group stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the director owned 17,455 shares of the company’s stock, valued at approximately $785,475. The trade was a 5.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Bristow Group Stock Up 0.6%

NYSE:VTOL opened at $45.74 on Thursday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 10.59 and a beta of 1.35. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $49.55. The company’s fifty day moving average price is $44.52 and its 200-day moving average price is $40.11. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.54.

Bristow Group (NYSE:VTOL) last issued its earnings results 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. The firm had revenue of $377.26 million during the quarter, compared to analysts’ expectations of $380.33 million. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%.

Bristow Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be paid a $0.125 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. Bristow Group’s dividend payout ratio is presently 11.57%.

Institutional Investors Weigh In On Bristow Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in VTOL. Fearnley Asset Management AS acquired a new position in Bristow Group during the fourth quarter worth $16,942,000. State of Tennessee Department of Treasury grew its position in shares of Bristow Group by 30.3% in the fourth quarter. State of Tennessee Department of Treasury now owns 17,178 shares of the company’s stock valued at $629,000 after purchasing an additional 3,990 shares during the period. Empowered Funds LLC grew its position in shares of Bristow Group by 4.0% in the fourth quarter. Empowered Funds LLC now owns 139,922 shares of the company’s stock valued at $5,124,000 after purchasing an additional 5,433 shares during the period. XTX Topco Ltd purchased a new stake in shares of Bristow Group during the fourth quarter worth about $800,000. Finally, VARCOV Co. purchased a new stake in shares of Bristow Group during the fourth quarter worth about $291,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, January 21st. JonesTrading started coverage on shares of Bristow Group in a research report on Friday, January 23rd. They set a “buy” rating on the stock. Raymond James Financial assumed coverage on shares of Bristow Group in a report on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price objective for the company. Zacks Research upgraded shares of Bristow Group to a “hold” rating in a research report on Thursday, February 19th. Finally, Wall Street Zen raised shares of Bristow Group from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Bristow Group currently has a consensus rating of “Moderate Buy” and an average 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.