Key Points
- Director Lorin Brass sold 3,000 Bristow Group shares for approximately $127,260, reducing his holdings by 17.42% to 14,223 shares.
- Bristow’s latest quarterly revenue of $411.75 million exceeded estimates, but EPS of $0.70 missed the $0.89 consensus. Analysts expect full-year EPS of $3.31.
- Institutional investors own 93.29% of the stock, while analyst sentiment remains positive with a “Moderate Buy” consensus and a $60 average price target; the company also pays a $0.50 annualized dividend.
Bristow Group Inc. (NYSE:VTOL - Get Free Report) insider Alternative Asset Manage Solus sold 377 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $43.00, for a total value of $16,211.00. Following the transaction, the insider directly owned 2,841,333 shares of the company's stock, valued at $122,177,319. The trade was a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Alternative Asset Manage Solus also recently made the following trade(s):
- On Wednesday, September 23rd, Alternative Asset Manage Solus sold 897 shares of Bristow Group stock. The stock was sold at an average price of $43.00, for a total value of $38,571.00.
- On Monday, September 14th, Alternative Asset Manage Solus sold 3,000 shares of Bristow Group stock. The stock was sold at an average price of $43.03, for a total value of $129,090.00.
- On Friday, September 11th, Alternative Asset Manage Solus sold 5,000 shares of Bristow Group stock. The shares were sold at an average price of $43.00, for a total value of $215,000.00.
- On Thursday, September 3rd, Alternative Asset Manage Solus sold 41 shares of Bristow Group stock. The shares were sold at an average price of $45.75, for a total value of $1,875.75.
- On Wednesday, September 2nd, Alternative Asset Manage Solus sold 12,045 shares of Bristow Group stock. The stock was sold at an average price of $45.68, for a total transaction of $550,215.60.
- On Tuesday, September 1st, Alternative Asset Manage Solus sold 15,000 shares of Bristow Group stock. The stock was sold at an average price of $45.85, for a total transaction of $687,750.00.
Bristow Group Price Performance
Shares of NYSE VTOL opened at $42.73 on Thursday. The firm has a 50-day simple moving average of $44.65 and a 200-day simple moving average of $44.50. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.31 and a beta of 1.19. Bristow Group Inc. has a 52 week low of $35.03 and a 52 week high of $50.38.
Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.19). The business had revenue of $411.75 million for the quarter, compared to analysts' expectations of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. On average, equities analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.
Bristow Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.125 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. Bristow Group's dividend payout ratio is 14.41%.
Institutional Trading of Bristow Group
A number of hedge funds and other institutional investors have recently made changes to their positions in VTOL. Public Employees Retirement System of Ohio purchased a new stake in shares of Bristow Group during the 2nd quarter valued at approximately $27,000. Nykredit A S purchased a new position in Bristow Group in the second quarter worth approximately $27,000. Integrated Wealth Concepts LLC acquired a new stake in Bristow Group during the second quarter worth $42,000. Allworth Financial LP acquired a new stake in Bristow Group during the second quarter worth $43,000. Finally, Clearstead Advisors LLC raised its position in Bristow Group by 1,450.7% in the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company's stock valued at $39,000 after purchasing an additional 1,001 shares during the period. Institutional investors and hedge funds own 93.29% of the company's stock.
Key Stories Impacting Bristow Group
Here are the key news stories impacting Bristow Group this week:
- Positive Sentiment: Institutional ownership remains a notable support factor: BlackRock established a position worth approximately $162 million, while Dimensional Fund Advisors and Algert Global increased their holdings. Institutional investors and hedge funds collectively own about 93.3% of Bristow’s shares.
- Positive Sentiment: Analyst sentiment is still constructive, with three Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of $60.00. The company also pays a quarterly dividend of $0.125, equivalent to an annualized yield of roughly 1.2%.
- Neutral Sentiment: Bristow’s latest quarter included revenue of approximately $411.8 million, slightly above estimates, but earnings per share of $0.70 missed the $0.89 consensus. Analysts expect full-year EPS of about $3.31, leaving earnings execution as an important catalyst.
- Negative Sentiment: Director Lorin Brass sold a combined 4,000 shares in transactions dated September 21–22 at prices ranging from $41.54 to $42.42. The sales reduced his direct stake by roughly 22.9% across the reported transactions. SEC insider-sale filing
- Negative Sentiment: Alternative Asset Management Solus sold 1,274 shares at approximately $43.00 across September 22–23. The transactions reduced its position by only about 0.04%, so the financial impact is limited, but repeated insider selling can weigh on sentiment.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Zacks Research raised Bristow Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 7th. Weiss Ratings reiterated a "buy (b)" rating on shares of Bristow Group in a report on Friday, May 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $60.00.
Read Our Latest Stock Analysis on VTOL
About Bristow Group
(
Get Free Report)
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.
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