Bristow Group (NYSE:VTOL) Director Sells 1,890 Shares

Key Points

• Director Lorin Brass sold 1,890 Bristow Group shares at an average price of $46.56, totaling approximately $88,000 and reducing his ownership by 9.1% to 18,873 shares.
• Bristow shares recently traded at $45.42, with a market capitalization of $1.35 billion. The company’s latest quarterly earnings of $0.70 per share missed analyst expectations, although revenue exceeded estimates.
• Bristow declared a quarterly dividend of $0.125 per share, equal to an annualized $0.50 dividend and a 1.1% yield. Analysts maintain a “Moderate Buy” consensus rating with a $60 average price target.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin Brass sold 1,890 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total value of $87,998.40. Following the completion of the transaction, the director owned 18,873 shares of the company's stock, valued at $878,726.88. The trade was a 9.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Bristow Group Stock Performance

Bristow Group stock traded down $0.52 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. Bristow Group Inc. has a one year low of $35.03 and a one year high of $50.38. The firm has a market cap of $1.35 billion, a P/E ratio of 13.09 and a beta of 1.22. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average price of $44.11 and a 200-day moving average price of $44.83.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.19). The business had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. On average, equities analysts anticipate that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on VTOL shares. Weiss Ratings reissued a "buy (b)" rating on shares of Bristow Group in a report on Friday, May 29th. Wall Street Zen cut Bristow Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Finally, Zacks Research upgraded Bristow Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Bristow Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.00.

Institutional Investors Weigh In On Bristow Group

A number of large investors have recently bought and sold shares of VTOL. Raymond James Financial Inc. acquired a new position in Bristow Group in the second quarter worth $25,000. Public Employees Retirement System of Ohio acquired a new position in Bristow Group during the 2nd quarter worth about $27,000. Nykredit A S bought a new stake in Bristow Group during the 2nd quarter worth about $27,000. Clearstead Advisors LLC raised its stake in shares of Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company's stock worth $39,000 after acquiring an additional 1,001 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company's stock valued at $41,000 after purchasing an additional 1,053 shares in the last quarter. 93.29% of the stock is currently owned by institutional investors.

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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