First Citizens Bank & Trust Co. Makes New $404,000 Investment in Bristow Group Inc. $VTOL

First Citizens Bank & Trust Co. acquired a new position in shares of Bristow Group Inc. (NYSE:VTOL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,251 shares of the company’s stock, valued at approximately $404,000.

Other hedge funds have also recently bought and sold shares of the company. New York State Teachers Retirement System lifted its position in Bristow Group by 10.2% during the first quarter. New York State Teachers Retirement System now owns 18,389 shares of the company’s stock worth $581,000 after acquiring an additional 1,706 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Bristow Group by 38.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company’s stock worth $131,000 after acquiring an additional 1,147 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Bristow Group during the first quarter worth approximately $355,000. Federated Hermes Inc. lifted its position in Bristow Group by 74.7% during the first quarter. Federated Hermes Inc. now owns 912 shares of the company’s stock worth $29,000 after acquiring an additional 390 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in Bristow Group by 23.9% during the first quarter. Voya Investment Management LLC now owns 55,523 shares of the company’s stock worth $1,753,000 after acquiring an additional 10,720 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VTOL shares. Wall Street Zen upgraded shares of Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a report on Friday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Bristow Group Stock Down 4.6%

Shares of VTOL opened at $39.58 on Monday. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $42.06. The firm’s 50 day moving average is $37.75 and its 200-day moving average is $34.21. The stock has a market capitalization of $1.14 billion, a PE ratio of 9.87 and a beta of 1.33. The company has a current ratio of 1.81, a quick ratio of 1.44 and a debt-to-equity ratio of 0.69.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.76 by $0.31. The company had revenue of $376.43 million for the quarter, compared to analysts’ expectations of $380.00 million. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

Insiders Place Their Bets

In related news, Director Wesley E. Kern sold 2,531 shares of Bristow Group stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $37.72, for a total value of $95,469.32. Following the transaction, the director directly owned 35,079 shares of the company’s stock, valued at $1,323,179.88. This trade represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jennifer Dawn Whalen sold 5,000 shares of Bristow Group stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $37.55, for a total transaction of $187,750.00. Following the completion of the transaction, the chief financial officer directly owned 94,203 shares in the company, valued at $3,537,322.65. This trade represents a 5.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,581 shares of company stock valued at $1,291,103 over the last three months. 13.40% of the stock is owned by corporate insiders.

About Bristow Group

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.