Voya Investment Management LLC Acquires 10,720 Shares of Bristow Group Inc. $VTOL

Key Points

• Voya Investment Management LLC increased its stake in Bristow Group Inc. by 23.9%, acquiring an additional 10,720 shares, bringing its total ownership to 55,523 shares worth approximately $1.75 million.
• Other institutional investors also boosted their positions, with Federated Hermes Inc. raising its stake by 74.7% and PNC Financial Services Group Inc. increasing its position by 38.1% during the same quarter.
• Bristow Group's recent quarterly earnings report showed an EPS of $1.07, exceeding analysts' estimates by $0.31, despite revenue slightly missing consensus expectations at $376.43 million.

Voya Investment Management LLC increased its position in shares of Bristow Group Inc. (NYSE:VTOL - Free Report) by 23.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,523 shares of the company's stock after acquiring an additional 10,720 shares during the period. Voya Investment Management LLC owned about 0.19% of Bristow Group worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Federated Hermes Inc. boosted its position in Bristow Group by 74.7% in the first quarter. Federated Hermes Inc. now owns 912 shares of the company's stock valued at $29,000 after buying an additional 390 shares in the last quarter. Strs Ohio bought a new position in Bristow Group during the first quarter worth $44,000. Banque Transatlantique SA bought a new position in Bristow Group during the first quarter worth $73,000. BNP Paribas Financial Markets bought a new position in Bristow Group during the fourth quarter worth $118,000. Finally, PNC Financial Services Group Inc. raised its stake in Bristow Group by 38.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company's stock worth $131,000 after buying an additional 1,147 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company's stock.

Bristow Group Stock Down 1.0%

Bristow Group stock traded down $0.38 during midday trading on Monday, hitting $36.71. 136,329 shares of the stock were exchanged, compared to its average volume of 146,666. Bristow Group Inc. has a 52-week low of $25.11 and a 52-week high of $39.31. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 9.25 and a beta of 1.28. The business's 50-day moving average price is $37.02 and its 200-day moving average price is $33.00. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.69.

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

Insider Buying and Selling

In other news, Director Wesley E. Kern sold 2,531 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $37.72, for a total value of $95,469.32. Following the sale, the director owned 35,079 shares of the company's stock, valued at $1,323,179.88. The trade was a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maryanne Miller sold 1,800 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $38.37, for a total transaction of $69,066.00. Following the completion of the sale, the director directly owned 22,452 shares in the company, valued at approximately $861,483.24. This trade represents a 7.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,581 shares of company stock valued at $1,291,103. Corporate insiders own 13.40% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Bristow Group from a "hold" rating to a "buy" rating in a research note on Friday, September 5th.

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.