Bristow Group (NYSE:VTOL) COO Stuart Stavley Sells 10,218 Shares of Stock

Key Points

• COO Stuart Stavley sold 10,218 Bristow Group shares at an average price of $46.20, generating $472,071.60. His remaining direct ownership fell 13.63% to 64,740 shares.
• Bristow shares declined 1.1% to $45.42, while the company’s latest quarterly EPS of $0.70 missed the $0.89 analyst consensus despite revenue exceeding expectations.
• The company declared a quarterly dividend of $0.125 per share, equivalent to a $0.50 annualized payout and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $60.00.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) COO Stuart Stavley sold 10,218 shares of Bristow Group stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $46.20, for a total transaction of $472,071.60. Following the sale, the chief operating officer directly owned 64,740 shares of the company's stock, valued at approximately $2,990,988. This trade represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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Bristow Group Stock Down 1.1%

NYSE:VTOL traded down $0.52 during trading hours on Friday, hitting $45.42. The company's stock had a trading volume of 65,986 shares, compared to its average volume of 219,008. The stock has a market capitalization of $1.35 billion, a P/E ratio of 13.09 and a beta of 1.22. The stock has a fifty day moving average of $44.11 and a 200-day moving average of $44.83. The company has a current ratio of 2.26, a quick ratio of 1.85 and a debt-to-equity ratio of 0.66. Bristow Group Inc. has a 52-week low of $35.03 and a 52-week high of $50.38.

Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings results 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 for 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.1%. Bristow Group's payout ratio is presently 14.41%.

Institutional Investors Weigh In On Bristow Group

Several large investors have recently modified their holdings of VTOL. BlackRock Inc. acquired a new stake in Bristow Group during the 2nd quarter worth $162,017,000. Encompass Capital Advisors LLC acquired a new position in Bristow Group in the fourth quarter valued at $25,613,000. Fearnley Asset Management AS acquired a new position in Bristow Group in the fourth quarter valued at $16,942,000. Boston Partners purchased a new stake in shares of Bristow Group in the fourth quarter valued at about $13,486,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Bristow Group in the second quarter valued at about $7,463,000. 93.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VTOL. Wall Street Zen lowered shares of Bristow Group from a "buy" rating to a "hold" rating in a research note on Saturday, May 9th. Weiss Ratings restated a "buy (b)" rating on shares of Bristow Group in a research report on Friday, May 29th. Finally, Zacks Research upgraded shares of Bristow Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 7th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently 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.

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