Bristow Group (NYSE:VTOL) Upgraded at Wall Street Zen

Key Points

• Bristow Group's stock rating has been upgraded from "hold" to "buy" by Wall Street Zen, indicating positive analyst sentiment.
• The company reported an earnings per share (EPS) of $1.07 for the last quarter, surpassing analysts' expectations of $0.76.
• Insider selling has occurred recently, with a Director and CFO both reducing their shares, collectively amounting to significant transactions in the company's stock.

Wall Street Zen upgraded shares of Bristow Group (NYSE:VTOL - Free Report) from a hold rating to a buy rating in a report issued on Friday morning.

Bristow Group Price Performance

Shares of VTOL stock traded up $0.75 during midday trading on Friday, reaching $38.25. 160,479 shares of the company traded hands, compared to its average volume of 142,726. The firm's 50 day simple moving average is $36.67 and its two-hundred day simple moving average is $32.90. Bristow Group has a 1-year low of $25.11 and a 1-year high of $39.31. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.81 and a quick ratio of 1.44. The firm has a market cap of $1.10 billion, a PE ratio of 9.54 and a beta of 1.28.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.31. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. The company had revenue of $376.43 million during the quarter, compared to the consensus estimate of $380.00 million. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

Insider Activity

In related news, Director Robert Manzo sold 10,000 shares of Bristow Group stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $37.11, for a total transaction of $371,100.00. Following the completion of the transaction, the director directly owned 38,583 shares in the company, valued at $1,431,815.13. The trade was a 20.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Stuart Stavley sold 10,000 shares of Bristow Group stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $37.10, for a total value of $371,000.00. Following the transaction, the chief operating officer owned 78,947 shares of the company's stock, valued at $2,928,933.70. This represents a 11.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,809 shares of company stock worth $1,332,241. 13.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brown Advisory Inc. grew its stake in Bristow Group by 21.3% in the 2nd quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company's stock worth $40,387,000 after acquiring an additional 215,214 shares during the period. Western Standard LLC grew its stake in Bristow Group by 41.5% in the 4th quarter. Western Standard LLC now owns 563,318 shares of the company's stock worth $19,322,000 after acquiring an additional 165,318 shares during the period. Donald Smith & CO. Inc. grew its stake in Bristow Group by 112.6% in the 2nd quarter. Donald Smith & CO. Inc. now owns 250,953 shares of the company's stock worth $8,274,000 after acquiring an additional 132,926 shares during the period. JPMorgan Chase & Co. grew its stake in Bristow Group by 87.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 219,865 shares of the company's stock worth $7,249,000 after acquiring an additional 102,611 shares during the period. Finally, 683 Capital Management LLC purchased a new stake in Bristow Group in the 2nd quarter worth approximately $2,906,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Company Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.