Lorin Brass Sells 3,250 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 3,250 shares of Bristow Group stock in a transaction on Friday, February 27th. The shares were sold at an average price of $49.04, for a total transaction of $159,380.00. Following the completion of the sale, the director directly owned 18,455 shares of the company’s stock, valued at approximately $905,033.20. This trade represents a 14.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bristow Group Price Performance

VTOL stock opened at $44.77 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.54. The company’s 50-day moving average is $42.64 and its 200-day moving average is $39.42. The stock has a market capitalization of $1.31 billion, a PE ratio of 10.36 and a beta of 1.35. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $49.55.

Bristow Group (NYSE:VTOL) last issued its earnings results on Wednesday, February 25th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. The business had revenue of $377.26 million during 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 Dividend Announcement

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 dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 13th.

Wall Street Analyst Weigh In

Several research firms recently issued reports on VTOL. JonesTrading initiated coverage on shares of Bristow Group in a research report on Friday, January 23rd. They issued a “buy” rating for the company. Raymond James Financial assumed coverage on shares of Bristow Group in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Wall Street Zen lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Zacks Research raised shares of Bristow Group to a “hold” rating in a research report 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. According to data from MarketBeat, Bristow Group has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of VTOL. Raymond James Financial Inc. bought a new stake in shares of Bristow Group in the 2nd quarter worth approximately $25,000. Clearstead Advisors LLC increased its position in Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after buying an additional 1,001 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after buying an additional 1,053 shares during the last quarter. Strs Ohio bought a new stake in shares of Bristow Group in the first quarter valued at $44,000. Finally, CWM LLC lifted its position in shares of Bristow Group by 208.4% during the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after buying an additional 913 shares during the last quarter. 93.29% of the stock is owned by institutional investors.

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.