Key Points
- Director Lorin Brass sold 350 Bristow Group shares at an average price of $46.03, generating $16,110.50. His remaining stake is 18,223 shares, a 1.88% reduction in ownership.
- Bristow shares opened at $45.33, near their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $0.70, below the $0.89 analyst estimate, despite revenue of $411.75 million exceeding expectations.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $60.00, while institutional investors own 93.29% of the stock. Bristow also pays a quarterly dividend of $0.125 per share, representing a 1.1% yield.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) Director Lorin Brass sold 350 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $46.03, for a total transaction of $16,110.50. Following the completion of the sale, the director directly owned 18,223 shares of the company's stock, valued at $838,804.69. The trade was a 1.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Bristow Group Trading Down 0.1%
Shares of NYSE:VTOL opened at $45.33 on Thursday. Bristow Group Inc. has a 1-year low of $35.03 and a 1-year high of $50.38. The company has a 50 day moving average price of $44.58 and a 200 day moving average price of $44.86. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.06 and a beta of 1.19. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26.
Bristow Group (NYSE:VTOL - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.19). The company had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. On average, research analysts anticipate that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.
Bristow Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, August 14th. Bristow Group's payout ratio is 14.41%.
Institutional Investors Weigh In On Bristow Group
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Bristow Group during the 2nd quarter valued at about $162,017,000. Vanguard Group Inc. increased its holdings in Bristow Group by 3.6% in the fourth 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 during the last quarter. Dimensional Fund Advisors LP raised its position in Bristow Group by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company's stock valued at $82,212,000 after acquiring an additional 45,874 shares in the last quarter. Taconic Capital Advisors LP lifted its stake in Bristow Group by 6.4% in the second 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 last quarter. Finally, State Street Corp grew its position in Bristow Group by 3.5% in the fourth quarter. State Street Corp now owns 1,050,646 shares of the company's stock worth $38,475,000 after acquiring an additional 35,080 shares in the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
VTOL has been the subject of a number of research reports. Zacks Research upgraded Bristow Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 7th. Weiss Ratings restated a "buy (b)" rating on shares of Bristow Group in a report on Friday, May 29th. Finally, Wall Street Zen downgraded shares of Bristow Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Bristow Group currently has an average rating of "Moderate Buy" and an average target price of $60.00.
Get Our Latest Stock Analysis on Bristow Group
Bristow Group Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
