Insider Selling: Bristow Group (NYSE:VTOL) Insider Sells $687,750.00 in Stock

Bristow Group Inc. (NYSE:VTOL) insider Alternative Asset Manage Solus sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00. Following the completion of the sale, the insider owned 2,861,796 shares of the company’s stock, valued at $131,213,346.60. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were sold at an average price of $45.75, for a total transaction of $1,875.75.
• On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The stock was sold at an average price of $45.68, for a total transaction of $550,215.60.

Bristow Group Stock Performance

Shares of VTOL opened at $43.31 on Friday. 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 $1.28 billion, a PE ratio of 12.48 and a beta of 1.19. The stock has a 50-day moving average of $44.66 and a 200-day moving average of $44.85. 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 announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). Bristow Group had a return on equity of 9.82% and a net margin of 6.66%.The firm had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. On average, equities research analysts predict that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.

Bristow Group Dividend Announcement

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

Institutional Investors Weigh In On Bristow Group

Several institutional investors have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd purchased a new position in Bristow Group during the 1st quarter worth $1,521,000. BlackRock Inc. purchased a new stake in shares of Bristow Group in the second quarter valued at about $162,017,000. Vanguard Group Inc. lifted its position in shares of Bristow Group by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock valued at $75,313,000 after purchasing an additional 71,638 shares in the last quarter. Algert Global LLC lifted its position in shares of Bristow Group by 17.1% during the second quarter. Algert Global LLC now owns 410,059 shares of the company’s stock valued at $16,944,000 after purchasing an additional 59,858 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Bristow Group by 107.1% during the first quarter. Sei Investments Co. now owns 81,589 shares of the company’s stock worth $3,826,000 after purchasing an additional 42,193 shares during the last quarter. Institutional investors own 93.29% of the company’s stock.

Analyst Ratings Changes

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