Insider Selling: Bristow Group (NYSE:VTOL) Director Sells 350 Shares

Key Points

• Bristow Group director Lorin Brass sold 350 shares at an average price of $46.03, generating $16,110.50 and reducing his direct ownership by 1.88% to 18,223 shares.
• VTOL shares recently traded near $45.33, while the company’s latest quarterly earnings of $0.70 per share fell short of the $0.89 analyst consensus. Bristow maintained a quarterly dividend of $0.125, equivalent to a 1.1% annual yield.
• Analysts give Bristow a “Moderate Buy” consensus rating with a $60 average price target, and institutional investors own approximately 93.29% of the company’s shares.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin Brass sold 350 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $46.03, for a total transaction of $16,110.50. Following the completion of the sale, the director directly owned 18,223 shares in the company, valued at $838,804.69. This trade represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bristow Group Trading Down 0.1%

Shares of NYSE:VTOL traded down $0.03 during trading hours on Wednesday, hitting $45.33. 308,137 shares of the company's stock traded hands, compared to its average volume of 223,336. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38. The business has a fifty day moving average price of $44.49 and a 200-day moving average price of $44.85. The firm has a market capitalization of $1.34 billion, a P/E ratio of 13.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly earnings results 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). Bristow Group had a return on equity of 9.82% and a net margin of 6.66%.The business had revenue of $411.75 million during the quarter, compared to analysts' expectations of $407.28 million. Equities analysts expect that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group's dividend payout ratio is 14.41%.

Analyst Ratings Changes

Several analysts have recently weighed in on VTOL shares. Zacks Research upgraded Bristow Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Bristow Group in a research note on Friday, May 29th. 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, Bristow Group presently has an average rating of "Moderate Buy" and an average target price of $60.00.

Institutional Investors Weigh In On Bristow Group

Hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Bristow Group during the first quarter valued at $1,521,000. BlackRock Inc. purchased a new stake in Bristow Group in the second quarter worth about $162,017,000. Vanguard Group Inc. lifted its stake in Bristow Group by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company's stock worth $75,313,000 after acquiring an additional 71,638 shares during the period. Algert Global LLC grew its holdings in Bristow Group by 17.1% during the 2nd quarter. Algert Global LLC now owns 410,059 shares of the company's stock worth $16,944,000 after acquiring an additional 59,858 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Bristow Group by 107.1% during the 1st quarter. Sei Investments Co. now owns 81,589 shares of the company's stock worth $3,826,000 after acquiring an additional 42,193 shares in the last quarter. 93.29% of the stock is currently owned by hedge funds and other institutional investors.

About Bristow Group

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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