Bristow Group (NYSE:VTOL) Director Sells $127,260.00 in Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $42.42, for a total value of $127,260.00. Following the completion of the sale, the director directly owned 14,223 shares of the company’s stock, valued at approximately $603,339.66. This trade represents a 17.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bristow Group Stock Up 0.8%

Bristow Group stock opened at $42.62 on Friday. The company’s 50 day simple moving average is $44.58 and its 200 day simple moving average is $44.48. Bristow Group Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $50.38. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.28 and a beta of 1.19. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data 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). The firm had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. As a group, sell-side analysts anticipate that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.1250 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. Bristow Group’s payout ratio is 14.41%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Bristow Group has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Institutional Trading of Bristow Group

Several hedge funds have recently bought and sold shares of VTOL. PNC Financial Services Group Inc. lifted its stake in Bristow Group by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock valued at $211,000 after buying an additional 340 shares in the last quarter. Allworth Financial LP increased its position in shares of Bristow Group by 128.3% during the second quarter. Allworth Financial LP now owns 1,032 shares of the company’s stock worth $43,000 after acquiring an additional 580 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Bristow Group during the second quarter worth $27,000. Nykredit A S acquired a new stake in shares of Bristow Group during the second quarter worth $27,000. Finally, Engineers Gate Manager LP raised its holdings in shares of Bristow Group by 17.4% during the second quarter. Engineers Gate Manager LP now owns 6,160 shares of the company’s stock worth $255,000 after acquiring an additional 914 shares during the period. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Company Profile

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.