Bristow Group Inc. $VTOL Shares Sold by Clayton Partners LLC

Clayton Partners LLC lowered its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 319,634 shares of the company’s stock after selling 16,816 shares during the period. Bristow Group accounts for 8.2% of Clayton Partners LLC’s investment portfolio, making the stock its largest holding. Clayton Partners LLC’s holdings in Bristow Group were worth $11,705,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Bristow Group by 1.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,886 shares of the company’s stock worth $801,000 after purchasing an additional 368 shares during the period. Goldman Sachs Group Inc. boosted its stake in Bristow Group by 0.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock worth $2,900,000 after purchasing an additional 402 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after purchasing an additional 609 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Bristow Group by 5.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 14,057 shares of the company’s stock worth $515,000 after purchasing an additional 689 shares during the period. Finally, Lazard Asset Management LLC raised its position in Bristow Group by 4.3% during the 3rd quarter. Lazard Asset Management LLC now owns 17,426 shares of the company’s stock worth $629,000 after buying an additional 719 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Insider Activity

In other Bristow Group news, Director Lorin L. Brass sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the director directly owned 17,455 shares of the company’s stock, valued at $785,475. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.40% of the stock is owned by corporate insiders.

Bristow Group Stock Performance

Shares of VTOL opened at $42.46 on Thursday. The company has a 50-day simple moving average of $44.89 and a 200-day simple moving average of $43.06. The company has a quick ratio of 1.79, a current ratio of 2.15 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $1.26 billion, a PE ratio of 11.06 and a beta of 1.22. Bristow Group Inc. has a 52-week low of $31.75 and a 52-week high of $50.38.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.57). Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. The company had revenue of $388.71 million during the quarter, compared to analysts’ expectations of $383.68 million. Equities research analysts predict that Bristow Group Inc. will post 3.87 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, May 15th. Bristow Group’s dividend payout ratio (DPR) is 13.02%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on VTOL shares. Wall Street Zen downgraded shares of Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research downgraded shares of Bristow Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Bristow Group has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group 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.