Bristow Group (NYSE:VTOL) Stock: Insider Lorin Brass Sells 3,000 Shares

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $42.42, for a total value of $127,260.00. Following the transaction, the director directly owned 14,223 shares of the company’s stock, valued at $603,339.66. The trade was a 17.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bristow Group Stock Performance

Shares of NYSE:VTOL opened at $42.33 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 business’s 50 day moving average price is $44.61 and its 200-day moving average price is $44.49. The firm has a market capitalization of $1.25 billion, a PE ratio of 12.20 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). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The firm had revenue of $411.75 million during the quarter, compared to analyst estimates of $407.28 million. As a group, equities research analysts expect that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.1250 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group’s dividend payout ratio (DPR) is currently 14.41%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three 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, Bristow Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Key Headlines Impacting Bristow Group

Here are the key news stories impacting Bristow Group this week:

• Positive Sentiment: Institutional investors remain a significant source of support. BlackRock established a position valued at approximately $162 million, while Dimensional Fund Advisors and Algert Global increased their holdings. Institutions and hedge funds collectively own about 93.3% of VTOL shares. Institutional ownership article
• Positive Sentiment: Analyst sentiment remains constructive, with three Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $60.00. Bristow also maintains a quarterly dividend of $0.125, or approximately $0.50 annually. Analyst ratings article
• Neutral Sentiment: The latest quarter showed revenue of roughly $411.8 million, slightly ahead of estimates, but earnings per share of $0.70 missed the $0.89 consensus. The earnings shortfall remains an overhang, despite analysts forecasting about $3.31 in full-year EPS. Quarterly results article
• Negative Sentiment: Director Lorin Brass sold 1,000 shares on September 21 and another 3,000 shares on September 22 for a combined $168,800. The transactions reduced his direct ownership by approximately 22.9%, making the director sale more notable than the small-dollar transactions by other insiders. Director sale article
• Negative Sentiment: Alternative Asset Management Solus sold 377 shares for $16,211 on September 22 and 897 shares for $38,571 on September 23. Although repeated selling may weigh on sentiment, the latest 1,274 shares represented only about 0.04% of Solus’s remaining 2.84 million-share position, limiting the direct financial impact. Solus insider sales article

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of VTOL. PNC Financial Services Group Inc. lifted its holdings 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 valued at $211,000 after acquiring an additional 340 shares during the last quarter. Allworth Financial LP raised its position in Bristow Group by 128.3% in the second quarter. Allworth Financial LP now owns 1,032 shares of the company’s stock valued at $43,000 after purchasing an additional 580 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Bristow Group in the second quarter valued at $27,000. Nykredit A S acquired a new position in shares of Bristow Group in the 2nd quarter valued at $27,000. Finally, Engineers Gate Manager LP lifted its stake in shares of Bristow Group by 17.4% in the 2nd quarter. Engineers Gate Manager LP now owns 6,160 shares of the company’s stock valued at $255,000 after purchasing an additional 914 shares during the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Company Profile

Bristow Group Inc is a provider of helicopter and aviation services for government and commercial customers. The company transports personnel and equipment, supports offshore energy operations, and provides aviation solutions in challenging or remote environments. Its services include helicopter transportation, search-and-rescue operations, aircraft maintenance, and aviation logistics.

Bristow serves the offshore energy industry, including oil and gas companies and other offshore operators.