Lorin Brass Sells 350 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 350 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $46.03, for a total transaction of $16,110.50. Following the completion of the transaction, the director directly owned 18,223 shares in the company, valued at $838,804.69. This trade represents a 1.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Bristow Group Price Performance

Shares of NYSE:VTOL opened at $43.80 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. The firm has a fifty day moving average price of $44.63 and a 200 day moving average price of $44.86. Bristow Group Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $50.38. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 12.62 and a beta of 1.19.

Bristow Group (NYSE:VTOL) last posted its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.19). The company had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. As a group, sell-side analysts expect that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.125 per share. The ex-dividend date was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. Bristow Group’s dividend payout ratio (DPR) is presently 14.41%.

Institutional Trading of Bristow Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in Bristow Group by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock worth $211,000 after buying an additional 340 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 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 worth $801,000 after acquiring an additional 368 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Bristow Group by 0.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock worth $2,900,000 after purchasing an additional 402 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Bristow Group by 4.4% during the first 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 during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in Bristow Group during the second quarter valued at about $27,000. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Finally, Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

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.