Key Points
- COO Stuart Stavley sold 24,908 shares at an average price of $47.02 for proceeds of $1,171,174.16 and now owns 85,790 shares, a 22.5% reduction in his position.
- Bristow reported quarterly EPS of $0.61 vs. $0.46 consensus and revenue of $377.3M (slightly below the $380.3M estimate), and declared a quarterly dividend of $0.125 per share (annualized $0.50, ~1.0% yield; ex-dividend Mar 13).
- Analysts are generally positive—Raymond James started coverage with an “outperform” and a $60 target, and MarketBeat shows a consensus rating of Moderate Buy with a $60 target; the stock trades at a PE of ~11.03 and a market cap of about $1.38B.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) COO Stuart Stavley sold 24,908 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $47.02, for a total transaction of $1,171,174.16. Following the completion of the transaction, the chief operating officer owned 85,790 shares of the company's stock, valued at $4,033,845.80. This represents a 22.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Bristow Group Trading Down 0.7%
Shares of Bristow Group stock opened at $47.64 on Friday. The company has a 50-day moving average of $42.08 and a two-hundred day moving average of $39.25. Bristow Group Inc. has a 12-month low of $25.11 and a 12-month high of $49.55. The company has a current ratio of 1.91, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.38 billion, a PE ratio of 11.03 and a beta of 1.38.
Bristow Group (NYSE:VTOL - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.15. Bristow Group had a return on equity of 13.12% and a net margin of 8.66%.The business had revenue of $377.26 million for the quarter, compared to analysts' expectations of $380.33 million.
Bristow Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, March 13th.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on VTOL. Raymond James Financial assumed coverage on shares of Bristow Group in a research note on Tuesday, February 17th. They issued an "outperform" rating and a $60.00 price objective on the stock. Wall Street Zen cut shares of Bristow Group from a "buy" rating to a "hold" rating in a research note on Saturday. Weiss Ratings restated a "buy (b-)" rating on shares of Bristow Group in a research report on Wednesday, January 21st. JonesTrading assumed coverage on Bristow Group in a report on Friday, January 23rd. They set a "buy" rating on the stock. Finally, Zacks Research raised Bristow Group to a "hold" rating in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $60.00.
Check Out Our Latest Report on Bristow Group
Hedge Funds Weigh In On Bristow Group
A number of hedge funds have recently made changes to their positions in VTOL. State of Tennessee Department of Treasury grew its holdings in shares of Bristow Group by 30.3% during the 4th quarter. State of Tennessee Department of Treasury now owns 17,178 shares of the company's stock worth $629,000 after purchasing an additional 3,990 shares during the period. Empowered Funds LLC lifted its position in Bristow Group by 4.0% during the fourth quarter. Empowered Funds LLC now owns 139,922 shares of the company's stock valued at $5,124,000 after buying an additional 5,433 shares in the last quarter. XTX Topco Ltd purchased a new stake in Bristow Group during the fourth quarter worth approximately $800,000. VARCOV Co. purchased a new position in shares of Bristow Group in the 4th quarter valued at $291,000. Finally, Wellington Management Group LLP increased its holdings in Bristow Group by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 755,388 shares of the company's stock valued at $27,662,000 after purchasing an additional 22,680 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company's stock.
Bristow Group Company Profile
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Get Free Report)
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.
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