Vanguard Group Inc. Purchases 91,116 Shares of Bristow Group Inc. $VTOL

Vanguard Group Inc. raised its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 4.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,984,961 shares of the company’s stock after buying an additional 91,116 shares during the period. Vanguard Group Inc. owned about 0.07% of Bristow Group worth $71,617,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new position in Bristow Group in the 1st quarter worth about $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Bristow Group by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock worth $461,000 after acquiring an additional 609 shares in the last quarter. Jane Street Group LLC increased its position in shares of Bristow Group by 178.7% during the first quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after acquiring an additional 34,317 shares during the period. Strs Ohio bought a new stake in shares of Bristow Group during the first quarter valued at approximately $44,000. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Bristow Group by 72.1% in the second quarter. Teacher Retirement System of Texas now owns 19,335 shares of the company’s stock valued at $637,000 after purchasing an additional 8,102 shares during the period. 93.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on VTOL shares. JonesTrading initiated coverage on Bristow Group in a report on Friday, January 23rd. They set a “buy” rating on the stock. Zacks Research raised Bristow Group to a “hold” rating in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Raymond James Financial started coverage on shares of Bristow Group in a research report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Stock Down 0.1%

Bristow Group stock opened at $44.52 on Friday. Bristow Group Inc. has a 1-year low of $25.11 and a 1-year high of $49.55. The business has a fifty day moving average price of $42.96 and a 200-day moving average price of $39.50. 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 has a market capitalization of $1.30 billion, a price-to-earnings ratio of 10.31 and a beta of 1.35.

Bristow Group (NYSE:VTOL) last announced its earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share (EPS) for the quarter, beating 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 company had revenue of $377.26 million for the quarter, compared to analyst estimates of $380.33 million.

Bristow Group Dividend Announcement

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

Insider Activity

In related news, CFO Jennifer Dawn Whalen sold 26,667 shares of the 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 directly owned 108,241 shares of the company’s stock, valued at $5,076,502.90. This trade represents a 19.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Stuart Stavley sold 24,908 shares of Bristow Group stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $47.02, for a total transaction of $1,171,174.16. Following the completion of the sale, the chief operating officer owned 85,790 shares of the company’s stock, valued at $4,033,845.80. This trade represents a 22.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 60,104 shares of company stock valued at $2,824,206. 13.40% of the stock is owned by company insiders.

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.