Insider Selling: Bristow Group (NYSE:VTOL) Director Sells $19,801.50 in Stock

Bristow Group Inc. (NYSE:VTOL) Director Maryanne Miller sold 430 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $46.05, for a total value of $19,801.50. Following the sale, the director owned 23,440 shares in the company, valued at approximately $1,079,412. This trade represents a 1.80% 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 link.

Bristow Group Price Performance

NYSE:VTOL opened at $45.46 on Friday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.10 and a beta of 1.22. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38. The business has a 50 day simple moving average of $44.13 and a 200-day simple moving average of $44.83. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). Bristow Group had a return on equity of 9.82% and a net margin of 6.66%.The company had revenue of $411.75 million during the quarter, compared to analysts’ expectations of $407.28 million. Equities analysts forecast that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid 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, August 14th. Bristow Group’s payout ratio is presently 14.41%.

Analyst Upgrades and Downgrades

VTOL has been the topic of several recent analyst reports. Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Finally, Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Bristow Group has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Institutional Investors Weigh In On Bristow Group

Institutional investors and hedge funds have recently modified their holdings of the business. Nykredit A S purchased a new position in Bristow Group during the 2nd quarter valued at $27,000. Van Den Berg Management I Inc. lifted its position in shares of Bristow Group by 16.6% during the second quarter. Van Den Berg Management I Inc. now owns 108,398 shares of the company’s stock worth $4,479,000 after purchasing an additional 15,471 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of Bristow Group during the second quarter valued at $6,290,000. Public Employees Retirement System of Ohio bought a new position in shares of Bristow Group in the second quarter worth about $27,000. Finally, Corient Private Wealth LP purchased a new position in Bristow Group in the 2nd quarter worth about $1,431,000. 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.