25,843 Shares in Bristow Group Inc. $VTOL Purchased by Deutsche Bank AG

Deutsche Bank AG acquired a new stake in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,843 shares of the company's stock, valued at approximately $1,068,000. Deutsche Bank AG owned approximately 0.09% of Bristow Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in VTOL. Encompass Capital Advisors LLC acquired a new position in Bristow Group during the 4th quarter worth $25,613,000. Fearnley Asset Management AS bought a new position in Bristow Group in the fourth quarter worth $16,942,000. Boston Partners bought a new position in shares of Bristow Group during the 4th quarter worth about $13,486,000. Bank of New York Mellon Corp bought a new stake in shares of Bristow Group in the 2nd quarter valued at approximately $7,463,000. Finally, Lee Danner & Bass Inc. bought a new position in Bristow Group during the 1st quarter valued at about $6,611,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Bristow Group Trading Down 0.2%

Shares of NYSE:VTOL opened at $43.63 on Monday. Bristow Group Inc. has a 52-week low of $35.03 and a 52-week high of $50.38. The company has a market capitalization of $1.29 billion, a P/E ratio of 12.57 and a beta of 1.22. The company has a 50-day simple moving average of $44.38 and a 200 day simple moving average of $44.85. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $411.75 million for the quarter, compared to the consensus estimate of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. Sell-side analysts forecast that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, August 14th. Bristow Group's payout ratio is 14.41%.

Insider Activity at Bristow Group

In other news, COO Stuart Stavley sold 10,218 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $46.20, for a total value of $472,071.60. Following the completion of the transaction, the chief operating officer owned 64,740 shares of the company's stock, valued at $2,990,988. This represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lorin L. Brass sold 1,890 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $46.56, for a total transaction of $87,998.40. Following the completion of the transaction, the director owned 18,873 shares of the company's stock, valued at approximately $878,726.88. This trade represents a 9.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,148 shares of company stock valued at $608,365 in the last ninety days. 12.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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