Legal & General Group Plc Buys Shares of 47,446 Bristow Group Inc. $VTOL

Legal & General Group Plc bought a new position in Bristow Group Inc. (NYSE:VTOL) in the 2nd quarter, HoldingsChannel reports. The fund bought 47,446 shares of the company’s stock, valued at approximately $1,960,000.

Several other large investors also recently made changes to their positions in VTOL. BlackRock Inc. bought a new stake in shares of Bristow Group during the second quarter valued at approximately $162,017,000. Vanguard Group Inc. grew its holdings in Bristow Group by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock worth $75,313,000 after buying an additional 71,638 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Bristow Group by 2.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company’s stock worth $82,212,000 after buying an additional 45,874 shares in the last quarter. Taconic Capital Advisors LP increased its position in Bristow Group by 6.4% in the 2nd quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock valued at $43,885,000 after acquiring an additional 80,000 shares during the period. Finally, State Street Corp increased its position in Bristow Group by 3.5% in the 4th quarter. State Street Corp now owns 1,050,646 shares of the company’s stock valued at $38,475,000 after acquiring an additional 35,080 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

Insider Buying and Selling

In other Bristow Group news, Director Lorin L. Brass sold 1,890 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $46.56, for a total value of $87,998.40. Following the transaction, the director owned 18,873 shares of the company’s stock, valued at approximately $878,726.88. This represents a 9.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Stuart Stavley sold 10,218 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $46.20, for a total value of $472,071.60. Following the sale, the chief operating officer owned 64,740 shares of the company’s stock, valued at $2,990,988. This trade represents a 13.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 40,584 shares of company stock worth $1,864,317 in the last ninety days. 12.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Zacks Research upgraded 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 report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Bristow Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Trading Down 0.0%

Shares of Bristow Group stock opened at $43.31 on Monday. The business has a fifty day simple moving average of $44.66 and a 200-day simple moving average of $44.85. 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 $1.28 billion, a price-to-earnings ratio of 12.48 and a beta of 1.19. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66.

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

Bristow Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued 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 was Friday, August 14th. Bristow Group’s payout ratio is presently 14.41%.

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.