Bristow Group (NYSE:VTOL) Insider Sells $129,090.00 in Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 3,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $43.03, for a total value of $129,090.00. Following the transaction, the insider directly owned 2,841,710 shares of the company’s stock, valued at approximately $122,278,781.30. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Alternative Asset Manage Solus also recently made the following trade(s):

• On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total value of $215,000.00.
• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The stock was sold at an average price of $45.75, for a total value of $1,875.75.
• On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The shares were sold at an average price of $45.68, for a total value of $550,215.60.
• On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00.

Bristow Group Price Performance

Shares of VTOL traded up $0.28 during trading hours on Tuesday, reaching $42.21. The company had a trading volume of 286,899 shares, compared to its average volume of 224,455. The firm has a 50 day simple moving average of $44.85 and a 200-day simple moving average of $44.71. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.17 and a beta of 1.19. Bristow Group Inc. has a 12-month low of $35.03 and a 12-month high of $50.38.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). Bristow Group had a return on equity of 9.82% and a net margin of 6.66%.The company had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. Research analysts expect that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 14th. Bristow Group’s payout ratio is presently 14.41%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Bristow Group during the 2nd quarter worth about $162,017,000. Encompass Capital Advisors LLC purchased a new stake in shares of Bristow Group during the fourth quarter worth about $25,613,000. Fearnley Asset Management AS acquired a new position in shares of Bristow Group in the fourth quarter valued at approximately $16,942,000. Bank of New York Mellon Corp acquired a new position in shares of Bristow Group in the second quarter valued at approximately $7,463,000. Finally, Empowered Funds LLC purchased a new position in shares of Bristow Group during the second quarter valued at approximately $6,290,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Analysts Set New Price Targets

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

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.