37,237 Shares in Bristow Group Inc. $VTOL Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 37,237 Bristow Group shares worth approximately $1.54 million, while institutional investors collectively own 93.29% of VTOL.
• Bristow reported quarterly revenue of $411.75 million, slightly above estimates, but EPS of $0.70 missed the $0.89 consensus. The company pays a quarterly dividend of $0.125, representing an annualized yield of about 1.2%.
• Analyst sentiment remains favorable, with three Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of $60, although insiders have sold shares in recent months.

Corient Private Wealth LP acquired a new position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,237 shares of the company's stock, valued at approximately $1,539,000. Corient Private Wealth LP owned approximately 0.13% of Bristow Group at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new position in shares of Bristow Group during the 2nd quarter worth about $162,017,000. Dimensional Fund Advisors LP raised its position in Bristow Group by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company's stock worth $82,212,000 after purchasing an additional 45,874 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in Bristow Group in the fourth quarter worth about $25,613,000. Algert Global LLC lifted its stake in Bristow Group by 17.1% during the second quarter. Algert Global LLC now owns 410,059 shares of the company's stock worth $16,944,000 after purchasing an additional 59,858 shares during the period. Finally, Fearnley Asset Management AS bought a new position in Bristow Group during the fourth quarter worth about $16,942,000. 93.29% of the stock is currently owned by institutional investors.

Bristow Group Stock Performance

NYSE VTOL opened at $42.33 on Friday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 12.20 and a beta of 1.19. The company has a 50 day moving average of $44.61 and a 200-day moving average of $44.49. 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 1-year low of $35.03 and a 1-year high of $50.38.

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

Bristow Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.1250 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. Bristow Group's dividend payout ratio is currently 14.41%.

Insiders Place Their Bets

In other Bristow Group news, insider Alternative Asset Manage Solus sold 897 shares of the firm's stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $43.00, for a total value of $38,571.00. Following the completion of the sale, the insider owned 2,840,436 shares in the company, valued at approximately $122,138,748. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Stuart Stavley sold 10,218 shares of the business's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $46.20, for a total transaction of $472,071.60. Following the completion of the transaction, the chief operating officer directly owned 64,740 shares of the company's stock, valued at approximately $2,990,988. This represents a 13.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,858 shares of company stock valued at $2,431,989 in the last 90 days. 12.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VTOL shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Bristow Group in a research note 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $60.00.

Trending Headlines about Bristow Group

Here are the key news stories impacting Bristow Group this week:

• Positive Sentiment: Institutional investors remain a significant source of support. BlackRock established a position valued at approximately $162 million, while Dimensional Fund Advisors and Algert Global increased their holdings. Institutions and hedge funds collectively own about 93.3% of VTOL shares. Institutional ownership article
• Positive Sentiment: Analyst sentiment remains constructive, with three Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $60.00. Bristow also maintains a quarterly dividend of $0.125, or approximately $0.50 annually. Analyst ratings article
• Neutral Sentiment: The latest quarter showed revenue of roughly $411.8 million, slightly ahead of estimates, but earnings per share of $0.70 missed the $0.89 consensus. The earnings shortfall remains an overhang, despite analysts forecasting about $3.31 in full-year EPS. Quarterly results article
• Negative Sentiment: Director Lorin Brass sold 1,000 shares on September 21 and another 3,000 shares on September 22 for a combined $168,800. The transactions reduced his direct ownership by approximately 22.9%, making the director sale more notable than the small-dollar transactions by other insiders. Director sale article
• Negative Sentiment: Alternative Asset Management Solus sold 377 shares for $16,211 on September 22 and 897 shares for $38,571 on September 23. Although repeated selling may weigh on sentiment, the latest 1,274 shares represented only about 0.04% of Solus’s remaining 2.84 million-share position, limiting the direct financial impact. Solus insider sales article

About Bristow Group

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.

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