58,157 Shares in Bristow Group Inc. $VTOL Acquired by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. acquired a new stake in Bristow Group Inc. (NYSE:VTOL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 58,157 shares of the company's stock, valued at approximately $2,403,000. Donald Smith & CO. Inc. owned about 0.20% of Bristow Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of VTOL. Raymond James Financial Inc. bought a new stake in shares of Bristow Group in the second quarter valued at $25,000. Clearstead Advisors LLC grew its stake in shares of Bristow Group by 1,450.7% during the 4th 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 period. Parkside Financial Bank & Trust increased its holdings in Bristow Group by 1,645.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company's stock worth $41,000 after acquiring an additional 1,053 shares during the last quarter. Allworth Financial LP purchased a new stake in Bristow Group in the 2nd quarter worth about $43,000. Finally, Strs Ohio bought a new stake in Bristow Group in the 1st quarter valued at about $44,000. 93.29% of the stock is owned by institutional investors.

Bristow Group Price Performance

Bristow Group stock opened at $45.46 on Friday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 13.10 and a beta of 1.22. Bristow Group Inc. has a one year low of $35.03 and a one year high of $50.38. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The business has a fifty day moving average price of $44.13 and a 200-day moving average price of $44.83.

Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $411.75 million for the quarter, compared to the consensus estimate of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. As a group, equities research analysts forecast that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Announces Dividend

The business also recently announced 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%.

Insider Activity

In other news, 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 value of $87,998.40. Following the completion of the transaction, the director directly owned 18,873 shares in the company, valued at approximately $878,726.88. This trade represents a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Stuart Stavley sold 10,218 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $46.20, for a total transaction of $472,071.60. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 12,948 shares of company stock worth $599,055. Company insiders own 12.80% of the company's stock.

Analysts Set New Price Targets

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

Bristow Group 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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