Bristow Group (NYSE:VTOL) Sets New 1-Year High – Here’s Why

Bristow Group Inc. (NYSE:VTOL) shares reached a new 52-week high on Thursday . The stock traded as high as $50.28 and last traded at $49.7450, with a volume of 16429 shares. The stock had previously closed at $49.34.

Wall Street Analyst Weigh In

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

Bristow Group Trading Up 0.8%

The company has a current ratio of 1.90, a quick ratio of 1.54 and a debt-to-equity ratio of 0.61. The business’s 50-day moving average is $45.50 and its two-hundred day moving average is $40.77. The firm has a market cap of $1.45 billion, a P/E ratio of 11.51 and a beta of 1.35.

Bristow Group (NYSE:VTOL) last posted its earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. The firm had revenue of $377.26 million during the quarter, compared to analyst estimates of $380.33 million. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%.

Bristow Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 13th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, March 13th. Bristow Group’s payout ratio is presently 11.57%.

Insider Activity

In other Bristow Group news, Director Maryanne Miller sold 2,200 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $44.90, for a total transaction of $98,780.00. Following the sale, the director directly owned 20,252 shares in the company, valued at approximately $909,314.80. The trade was a 9.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wesley E. Kern sold 3,079 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $46.83, for a total transaction of $144,189.57. Following the sale, the director owned 32,000 shares in the company, valued at $1,498,560. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,104 shares of company stock worth $2,869,206 over the last three months. Insiders own 13.40% of the company’s stock.

Institutional Trading of Bristow Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Amalgamated Bank raised its position in shares of Bristow Group by 3.7% during the 3rd quarter. Amalgamated Bank now owns 7,253 shares of the company’s stock worth $262,000 after buying an additional 256 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 buying an additional 368 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Bristow Group by 0.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company’s stock worth $2,900,000 after buying an additional 402 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Bristow Group by 4.4% in 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, Illinois Municipal Retirement Fund boosted its holdings in shares of Bristow Group by 5.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 14,057 shares of the company’s stock worth $515,000 after buying an additional 689 shares during the period. 93.29% of the stock is currently 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.