Lorin Brass Sells 1,000 Shares of Bristow Group (NYSE:VTOL) Stock

Key Points

• Director Lorin Brass sold 1,000 Bristow Group shares at an average price of $41.54, generating $41,540. After the sale, Brass retained 17,223 shares, a 5.49% reduction in holdings.
• Bristow shares rose 1.4% to $42.57, while the company reported quarterly revenue of $411.75 million but earnings per share of $0.70, below the $0.89 analyst consensus.
• The company maintains a quarterly dividend of $0.125 per share, or $0.50 annualized, and analysts hold a “Moderate Buy” consensus rating with a $60 price target. Institutional investors own 93.29% of the stock.

Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin Brass sold 1,000 shares of the stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $41.54, for a total transaction of $41,540.00. Following the sale, the director directly owned 17,223 shares in the company, valued at approximately $715,443.42. This represents a 5.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bristow Group Trading Up 1.4%

NYSE:VTOL traded up $0.61 during trading hours on Tuesday, hitting $42.57. 22,141 shares of the stock were exchanged, compared to its average volume of 230,849. The company's 50 day moving average is $44.69 and its two-hundred day moving average is $44.53. Bristow Group Inc. has a twelve month low of $35.03 and a twelve month high of $50.38. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.26 billion, a P/E ratio of 12.27 and a beta of 1.19.

Bristow Group (NYSE:VTOL - Get Free Report) last issued its quarterly 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). 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 for the quarter, compared to analyst estimates of $407.28 million. On average, sell-side analysts anticipate that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Friday, August 14th. Bristow Group's dividend payout ratio (DPR) is currently 14.41%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research upgraded Bristow Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Bristow Group in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.

Institutional Trading of Bristow Group

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in shares of Bristow Group during the 2nd quarter worth approximately $27,000. Nykredit A S acquired a new position in Bristow Group during the second quarter worth $27,000. Integrated Wealth Concepts LLC acquired a new stake in Bristow Group in the second quarter valued at $42,000. Allworth Financial LP acquired a new stake in Bristow Group in the second quarter valued at $43,000. Finally, Clearstead Advisors LLC grew its position in shares of Bristow Group by 1,450.7% in the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company's stock valued at $39,000 after acquiring an additional 1,001 shares during the period. Institutional investors own 93.29% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.