Bristow Group (NYSE:VTOL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Bristow Group (NYSE:VTOL) from a hold rating to a buy rating in a research note published on Sunday.

Other analysts have also issued reports about the stock. Zacks Research upgraded shares of Bristow Group to a “hold” rating in a research report on Thursday, February 19th. JonesTrading assumed coverage on shares of Bristow Group in a research report on Friday, January 23rd. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Finally, Raymond James Financial initiated coverage on Bristow Group in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Bristow Group currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Bristow Group Stock Performance

Shares of NYSE VTOL opened at $46.21 on Friday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 10.70 and a beta of 1.35. Bristow Group has a one year low of $25.11 and a one year high of $49.55. The business has a fifty day simple moving average of $43.33 and a 200 day simple moving average of $39.64. The company has a current ratio of 1.90, a quick ratio of 1.54 and a debt-to-equity ratio of 0.61.

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

Bristow Group Dividend Announcement

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

Insider Transactions at Bristow Group

In other news, CFO Jennifer Dawn Whalen sold 26,667 shares of Bristow Group stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $46.90, for a total value of $1,250,682.30. Following the completion of the transaction, the chief financial officer owned 108,241 shares in the company, valued at approximately $5,076,502.90. The trade was a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wesley E. Kern sold 3,079 shares of the business’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 value of $144,189.57. Following the completion of the transaction, the director directly owned 32,000 shares in the company, valued at $1,498,560. The trade was a 8.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 60,104 shares of company stock valued at $2,824,206. 13.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Bristow Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank raised its position in Bristow Group by 3.7% in the 3rd quarter. Amalgamated Bank now owns 7,253 shares of the company’s stock valued at $262,000 after purchasing an additional 256 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Bristow Group by 1.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,886 shares of the company’s stock valued at $801,000 after buying an additional 368 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Bristow Group by 0.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock valued at $2,900,000 after buying an additional 402 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in Bristow Group by 23.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,905 shares of the company’s stock worth $96,000 after buying an additional 557 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after buying an additional 609 shares in the last quarter. 93.29% of the stock is owned by institutional investors and hedge funds.

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.