Vanguard Group Inc. Purchases 71,638 Shares of Bristow Group Inc. $VTOL

Vanguard Group Inc. raised its position in shares of Bristow Group Inc. (NYSE:VTOL) by 3.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,056,599 shares of the company’s stock after acquiring an additional 71,638 shares during the quarter. Vanguard Group Inc. owned about 0.07% of Bristow Group worth $75,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Bristow Group in the second quarter worth $25,000. Strs Ohio bought a new position in shares of Bristow Group in the first quarter worth $44,000. Tower Research Capital LLC TRC boosted its holdings in shares of Bristow Group by 296.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,508 shares of the company’s stock worth $83,000 after acquiring an additional 1,876 shares during the period. Quantbot Technologies LP bought a new position in shares of Bristow Group in the second quarter worth $90,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Bristow Group by 68.3% in the second quarter. BNP Paribas Financial Markets now owns 2,834 shares of the company’s stock worth $93,000 after acquiring an additional 1,150 shares during the period. 93.29% of the stock is owned by institutional investors.

Insider Activity at Bristow Group

In related news, COO Stuart Stavley sold 24,908 shares of Bristow Group stock in a transaction on Friday, February 27th. The stock was sold at an average price of $47.02, for a total transaction of $1,171,174.16. Following the completion of the sale, the chief operating officer owned 85,790 shares of the company’s stock, valued at approximately $4,033,845.80. This trade represents a 22.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lorin L. Brass sold 1,000 shares of Bristow Group stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the sale, the director directly owned 17,455 shares of the company’s stock, valued at $785,475. This represents a 5.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,104 shares of company stock valued at $2,869,206 in the last ninety days. 13.40% of the stock is currently owned by corporate insiders.

Bristow Group Price Performance

NYSE:VTOL opened at $42.56 on Friday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.08 and a beta of 1.29. Bristow Group Inc. has a 52-week low of $28.03 and a 52-week high of $50.38. The stock has a fifty day moving average of $46.17 and a 200 day moving average of $42.35. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 2.15.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.57). The business had revenue of $388.71 million for the quarter, compared to the consensus estimate of $383.68 million. Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. On average, research analysts expect that Bristow Group Inc. will post 3.87 EPS for the current fiscal year.

Bristow Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.50 annualized dividend and a yield of 1.2%. Bristow Group’s dividend payout ratio (DPR) is currently 13.02%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VTOL. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JonesTrading began coverage on Bristow Group in a report on Friday, January 23rd. They issued a “buy” rating for the company. Zacks Research lowered Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Finally, Raymond James Financial began coverage on Bristow Group in a report on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price target for the company. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus 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.