Insider Selling: Bristow Group (NYSE:VTOL) Director Sells $16,110.50 in 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 shares were sold at an average price of $46.03, for a total transaction of $16,110.50. Following the sale, the director owned 18,223 shares in the company, valued at approximately $838,804.69. This trade represents a 1.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Bristow Group Stock Down 0.9%

Shares of Bristow Group stock opened at $43.31 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The company has a 50-day moving average of $44.66 and a 200 day moving average of $44.85. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 12.48 and a beta of 1.19. Bristow Group Inc. has a 1 year low of $35.03 and a 1 year high of $50.38.

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

Bristow Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group’s payout ratio is currently 14.41%.

Institutional Investors Weigh In On Bristow Group

A number of institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio purchased a new position in Bristow Group in the 2nd quarter worth approximately $27,000. Nykredit A S purchased a new stake in Bristow Group during the 2nd quarter valued at $27,000. Raymond James Financial Inc. bought a new stake in shares of Bristow Group in the 2nd quarter worth $25,000. Allworth Financial LP bought a new stake in shares of Bristow Group in the 2nd quarter worth $43,000. Finally, Clearstead Advisors LLC raised its stake in shares of Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after purchasing an additional 1,001 shares during the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analysts Set New Price Targets

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

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.