Stuart Stavley Sells 10,218 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) COO Stuart Stavley sold 10,218 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $46.20, for a total value of $472,071.60. Following the sale, the chief operating officer directly owned 64,740 shares of the company’s stock, valued at approximately $2,990,988. This represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bristow Group Stock Down 1.0%

Bristow Group stock opened at $45.46 on Friday. Bristow Group Inc. has a twelve month low of $35.03 and a twelve month high of $50.38. The stock has a 50 day moving average of $44.13 and a two-hundred day moving average of $44.83. 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 stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.10 and a beta of 1.22.

Bristow Group (NYSE:VTOL) last released its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) 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 company had revenue of $411.75 million during the quarter, compared to analyst estimates of $407.28 million. As a group, research 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 disclosed 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 (DPR) is 14.41%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in VTOL. Public Employees Retirement System of Ohio acquired a new stake in shares of Bristow Group during the 2nd quarter valued at approximately $27,000. Nykredit A S acquired a new stake in shares of Bristow Group in the 2nd quarter worth approximately $27,000. Raymond James Financial Inc. acquired a new stake in shares of Bristow Group in the 2nd quarter worth approximately $25,000. Allworth Financial LP purchased a new position in Bristow Group in the 2nd quarter valued at approximately $43,000. Finally, Clearstead Advisors LLC increased its stake in Bristow Group by 1,450.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after purchasing an additional 1,001 shares in the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

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.