Bristow Group (NYSE:VTOL) Director Sells $19,801.50 in Stock

Bristow Group Inc. (NYSE:VTOL) Director Maryanne Miller sold 430 shares of Bristow Group stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $46.05, for a total value of $19,801.50. Following the completion of the sale, the director directly owned 23,440 shares of the company’s stock, valued at approximately $1,079,412. The trade was a 1.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Bristow Group Stock Performance

Shares of NYSE:VTOL traded up $0.99 during midday trading on Wednesday, reaching $46.88. 301,421 shares of the company’s stock traded hands, compared to its average volume of 220,130. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. Bristow Group Inc. has a one year low of $35.03 and a one year high of $50.38. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 13.51 and a beta of 1.22. The stock has a 50 day moving average of $43.96 and a 200 day moving average of $44.80.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). The business had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. As a group, equities research analysts anticipate that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.

Bristow Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 of this dividend is Friday, August 14th. Bristow Group’s payout ratio is 14.41%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Bristow Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new position in Bristow Group during the second quarter valued at $27,000. Raymond James Financial Inc. purchased a new stake in Bristow Group in the second quarter worth about $25,000. Allworth Financial LP bought a new position in shares of Bristow Group in the second quarter worth about $43,000. Clearstead Advisors LLC lifted its position in shares of Bristow Group by 1,450.7% during the 4th 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 in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Bristow Group by 1,645.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after buying an additional 1,053 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

About Bristow Group

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.