Bristow Group (NYSE:VTOL) Director Sells $144,189.57 in Stock

Bristow Group Inc. (NYSE:VTOL) Director Wesley Kern sold 3,079 shares of Bristow Group stock in a transaction on Friday, February 27th. The stock was sold at an average price of $46.83, for a total transaction of $144,189.57. Following the sale, the director owned 32,000 shares in the company, valued at $1,498,560. This represents a 8.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bristow Group Price Performance

NYSE:VTOL opened at $44.53 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.54 and a current ratio of 1.90. The company has a 50-day moving average of $42.80 and a 200-day moving average of $39.46. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $49.55. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 10.31 and a beta of 1.35.

Bristow Group (NYSE:VTOL) last posted its quarterly 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 analyst estimates 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 disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, March 13th.

Analyst Ratings Changes

Several equities analysts recently issued reports on VTOL shares. Zacks Research raised shares of Bristow Group to a “hold” rating in a report on Thursday, February 19th. Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. JonesTrading assumed coverage on Bristow Group in a research note on Friday, January 23rd. They issued a “buy” rating for the company. Finally, Raymond James Financial assumed coverage on shares of Bristow Group in a research report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Bristow Group presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Institutional Trading of Bristow Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Bristow Group during the 2nd quarter valued at about $25,000. Clearstead Advisors LLC lifted its holdings in Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after buying an additional 1,001 shares during the period. Parkside Financial Bank & Trust boosted its stake in Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after acquiring an additional 1,053 shares during the last quarter. CWM LLC grew its holdings in Bristow Group by 208.4% during the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after acquiring an additional 913 shares during the period. Finally, Strs Ohio bought a new stake in shares of Bristow Group during the 1st quarter valued at $44,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

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.