Bristow Group (NYSE:VTOL) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Bristow Group (NYSE:VTOL) from a hold rating to a buy rating in a research report report published on Sunday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Bristow Group Stock Down 1.5%

VTOL opened at $38.12 on Friday. Bristow Group has a fifty-two week low of $25.11 and a fifty-two week high of $39.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.81. The company has a fifty day moving average of $37.59 and a two-hundred day moving average of $33.76. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.51 and a beta of 1.33.

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

Insider Buying and Selling

In other news, Director Wesley E. Kern sold 2,531 shares of the company’s 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 in the company, valued at approximately $1,323,179.88. This represents a 6.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Stuart Stavley sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $37.10, for a total transaction of $371,000.00. Following the completion of the transaction, the chief operating officer owned 78,947 shares in the company, valued at approximately $2,928,933.70. This represents a 11.24% 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 worth $1,291,103 over the last ninety days. 13.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Bristow Group

A number of hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its position in shares of Bristow Group by 74.7% in the 1st quarter. Federated Hermes Inc. now owns 912 shares of the company’s stock valued at $29,000 after buying an additional 390 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Bristow Group by 23.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,905 shares of the company’s stock worth $96,000 after purchasing an additional 557 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Bristow Group by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after acquiring an additional 609 shares during the period. Harbor Capital Advisors Inc. lifted its stake in shares of Bristow Group by 11.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 6,380 shares of the company’s stock worth $210,000 after acquiring an additional 668 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Bristow Group in the 2nd quarter worth $25,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Company Profile

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.