Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Wesley Kern sold 3,079 shares of the company's stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $46.83, for a total value of $144,189.57. Following the completion of the transaction, the director directly owned 32,000 shares of the company's stock, valued at approximately $1,498,560. This represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Bristow Group Stock Down 2.9%
Bristow Group stock opened at $45.61 on Wednesday. The company has a market capitalization of $1.33 billion, a P/E ratio of 10.56 and a beta of 1.35. The firm has a 50 day moving average price of $42.47 and a 200-day moving average price of $39.38. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $49.55.
Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.15. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%. The company had revenue of $377.26 million for the quarter, compared to analysts' expectations of $380.33 million.
Bristow Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%.
Analysts Set New Price Targets
VTOL has been the subject of a number of analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Bristow Group in a research note on Wednesday, January 21st. Zacks Research raised Bristow Group to a "hold" rating in a research report on Thursday, February 19th. JonesTrading initiated coverage on Bristow Group in a research note on Friday, January 23rd. They issued a "buy" rating on the stock. 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 target price on the stock. Finally, Wall Street Zen cut shares of Bristow Group from a "buy" rating to a "hold" rating in a research note on Saturday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Bristow Group currently has an average rating of "Moderate Buy" and a consensus target price of $60.00.
Read Our Latest Analysis on VTOL
Hedge Funds Weigh In On Bristow Group
Several large investors have recently modified their holdings of the stock. Amalgamated Bank lifted its holdings in Bristow Group by 3.7% during the 3rd quarter. Amalgamated Bank now owns 7,253 shares of the company's stock valued at $262,000 after buying an additional 256 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Bristow Group by 1.7% during 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 valued at $801,000 after purchasing an additional 368 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Bristow Group by 0.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 79,189 shares of the company's stock valued at $2,900,000 after acquiring an additional 402 shares during the period. Ameritas Investment Partners Inc. boosted its position in Bristow Group by 23.7% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,905 shares of the company's stock worth $96,000 after purchasing an additional 557 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company's stock worth $461,000 after purchasing an additional 609 shares during the period. Institutional investors own 93.29% of the company's stock.
About Bristow Group
(
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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