Bristow Group (NYSE:VTOL) Director Wesley Kern Sells 3,079 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) Director Wesley Kern sold 3,079 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $46.83, for a total transaction of $144,189.57. Following the sale, the director owned 32,000 shares in the company, valued at $1,498,560. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Bristow Group Stock Down 2.9%

VTOL stock opened at $45.61 on Wednesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.54. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $49.55. The stock has a market capitalization of $1.33 billion, a P/E ratio of 10.56 and a beta of 1.35. The business has a 50-day moving average of $42.47 and a 200-day moving average of $39.38.

Bristow Group (NYSE:VTOL) last released its earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.15. The business had revenue of $377.26 million for the quarter, compared to analyst estimates of $380.33 million. Bristow Group had a return on equity of 12.87% and a net margin of 8.66%.

Bristow Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Bristow Group in the second quarter valued at $25,000. Clearstead Advisors LLC boosted its stake in Bristow Group by 1,450.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after acquiring an additional 1,001 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Bristow Group by 1,645.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after buying an additional 1,053 shares during the period. CWM LLC increased its holdings in shares of Bristow Group by 208.4% during the second quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after acquiring an additional 913 shares in the last quarter. Finally, Strs Ohio acquired a new position in Bristow Group during the first quarter worth $44,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Analysts Set New Price Targets

VTOL has been the subject of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday. JonesTrading initiated coverage on Bristow Group in a research report on Friday, January 23rd. They issued a “buy” rating on the stock. Raymond James Financial started coverage on Bristow Group in a research note on Tuesday, February 17th. They set an “outperform” rating and a $60.00 target price for the company. Finally, Zacks Research upgraded shares of Bristow Group to a “hold” rating in a research note on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Company 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.