Bristow Group (NYSE:VTOL) Director Sells $98,780.00 in Stock

Bristow Group Inc. (NYSE:VTOL) Director Maryanne Miller sold 2,200 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $44.90, for a total value of $98,780.00. Following the sale, the director owned 20,252 shares in the company, valued at approximately $909,314.80. This represents a 9.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Bristow Group Price Performance

VTOL stock opened at $44.52 on Friday. The firm has a 50 day moving average of $42.96 and a 200-day moving average of $39.51. The firm has a market capitalization of $1.30 billion, a P/E ratio of 10.31 and a beta of 1.35. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $49.55. 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 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. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%. The business had revenue of $377.26 million for the quarter, compared to analyst estimates of $380.33 million.

Bristow Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on VTOL shares. JonesTrading started coverage on Bristow Group in a research report on Friday, January 23rd. They set a “buy” rating for the company. Raymond James Financial began coverage on Bristow Group in a report on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price target on the stock. Wall Street Zen upgraded Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday. Zacks Research raised Bristow Group to a “hold” rating in a report on Thursday, February 19th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fearnley Asset Management AS bought a new position in Bristow Group in the fourth quarter valued at $16,942,000. State of Tennessee Department of Treasury lifted its stake in Bristow Group by 30.3% during the fourth quarter. State of Tennessee Department of Treasury now owns 17,178 shares of the company’s stock worth $629,000 after purchasing an additional 3,990 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Bristow Group by 4.0% in the 4th quarter. Empowered Funds LLC now owns 139,922 shares of the company’s stock worth $5,124,000 after purchasing an additional 5,433 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Bristow Group in the 4th quarter worth about $800,000. Finally, VARCOV Co. bought a new position in shares of Bristow Group during the 4th quarter valued at about $291,000. 93.29% of the stock is currently owned by hedge funds and other 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.