Lorin Brass Sells 1,890 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 1,890 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total transaction of $87,998.40. Following the sale, the director directly owned 18,873 shares in the company, valued at approximately $878,726.88. The trade was a 9.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Bristow Group Stock Performance

VTOL stock opened at $45.46 on Friday. The company has a market cap of $1.35 billion, a P/E ratio of 13.10 and a beta of 1.22. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The stock’s fifty day moving average price is $44.13 and its 200-day moving average price is $44.83.

Bristow Group (NYSE:VTOL) last posted 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). Bristow Group had a return on equity of 9.82% and a net margin of 6.66%.The business had revenue of $411.75 million during the quarter, compared to analysts’ expectations of $407.28 million. On average, equities analysts forecast that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, August 14th. Bristow Group’s payout ratio is currently 14.41%.

Institutional Trading of Bristow Group

A number of large investors have recently made changes to their positions in VTOL. BlackRock Inc. bought a new position in shares of Bristow Group in the 2nd quarter valued at about $162,017,000. Vanguard Group Inc. grew its position in Bristow Group by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock worth $75,313,000 after acquiring an additional 71,638 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Bristow Group by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company’s stock worth $82,212,000 after acquiring an additional 45,874 shares during the last quarter. Taconic Capital Advisors LP increased its stake in Bristow Group by 6.4% during the second quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock worth $43,885,000 after acquiring an additional 80,000 shares during the last quarter. Finally, State Street Corp raised its position in Bristow Group by 3.5% during the fourth quarter. State Street Corp now owns 1,050,646 shares of the company’s stock valued at $38,475,000 after purchasing an additional 35,080 shares during the period. 93.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Bristow Group Company Profile

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.