Round Rock Advisors LLC Acquires 20,329 Shares of Bristow Group Inc. $VTOL

Round Rock Advisors LLC grew its position in shares of Bristow Group Inc. (NYSE:VTOL) by 177.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,782 shares of the company’s stock after purchasing an additional 20,329 shares during the quarter. Round Rock Advisors LLC owned approximately 0.11% of Bristow Group worth $1,164,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Harbor Capital Advisors Inc. increased its position in shares of Bristow Group by 35.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 8,275 shares of the company’s stock valued at $303,000 after purchasing an additional 2,145 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Bristow Group by 90.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 16,257 shares of the company’s stock valued at $607,000 after purchasing an additional 7,742 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Bristow Group by 4.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 230,138 shares of the company’s stock valued at $8,303,000 after purchasing an additional 10,273 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Bristow Group during the 3rd quarter valued at about $464,000. Finally, Van Den Berg Management I Inc. increased its position in shares of Bristow Group by 90.4% during the 3rd quarter. Van Den Berg Management I Inc. now owns 58,340 shares of the company’s stock valued at $2,105,000 after purchasing an additional 27,701 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. JonesTrading assumed coverage on Bristow Group in a research report on Friday, January 23rd. They set a “buy” rating on the stock. Zacks Research upgraded Bristow Group to a “hold” rating in a research report on Thursday, February 19th. Raymond James Financial initiated coverage on Bristow Group in a research report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 price objective on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Bristow Group from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group Price Performance

VTOL opened at $47.56 on Tuesday. Bristow Group Inc. has a 1 year low of $26.53 and a 1 year high of $50.28. 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 stock’s 50 day simple moving average is $46.21 and its 200 day simple moving average is $41.49. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 11.01 and a beta of 1.35.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.15. Bristow Group had a return on equity of 12.87% and a net margin of 8.66%.The business had revenue of $377.26 million during the quarter, compared to analysts’ expectations of $380.33 million. As a group, analysts predict that Bristow Group Inc. will post 4.65 earnings per share for the current year.

Bristow Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were issued a $0.125 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.50 annualized dividend and a yield of 1.1%. Bristow Group’s dividend payout ratio (DPR) is 11.57%.

Insiders Place Their Bets

In other Bristow Group news, Director Lorin L. Brass sold 1,000 shares of the stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the sale, the director owned 17,455 shares in the company, valued at approximately $785,475. This trade represents a 5.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Maryanne Miller sold 2,200 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $44.90, for a total value of $98,780.00. Following the completion of the sale, the director owned 20,252 shares of the company’s stock, valued at approximately $909,314.80. This trade represents a 9.80% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 61,104 shares of company stock worth $2,869,206. Insiders own 13.40% of the company’s stock.

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.