Horizon Investments LLC Purchases Shares of 16,831 Bristow Group Inc. $VTOL

Horizon Investments LLC purchased a new stake in shares of Bristow Group Inc. (NYSE:VTOL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 16,831 shares of the company’s stock, valued at approximately $616,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System boosted its stake in Bristow Group by 6.2% during the 4th quarter. New York State Teachers Retirement System now owns 22,784 shares of the company’s stock valued at $834,000 after purchasing an additional 1,329 shares in the last quarter. Sage Rhino Capital LLC bought a new position in Bristow Group during the 4th quarter valued at $871,000. Vanguard Group Inc. boosted its stake in Bristow Group by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock valued at $75,313,000 after purchasing an additional 71,638 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Bristow Group by 33.3% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 130,735 shares of the company’s stock valued at $4,795,000 after purchasing an additional 32,623 shares in the last quarter. Finally, Round Rock Advisors LLC boosted its stake in Bristow Group by 177.5% during the 4th quarter. Round Rock Advisors LLC now owns 31,782 shares of the company’s stock valued at $1,164,000 after purchasing an additional 20,329 shares in the last quarter. 93.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VTOL. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday. JonesTrading began coverage on Bristow Group in a research note on Friday, January 23rd. They set a “buy” rating for the company. Raymond James Financial began coverage on Bristow Group in a research note on Tuesday, February 17th. They set an “outperform” rating and a $60.00 price objective for the company. Finally, Zacks Research raised Bristow Group to a “hold” rating in a research note on Thursday, February 19th. Three equities research 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 presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Stock Performance

VTOL opened at $42.39 on Friday. The firm has a market cap of $1.26 billion, a PE ratio of 11.04 and a beta of 1.29. The company has a quick ratio of 1.54, a current ratio of 2.15 and a debt-to-equity ratio of 0.69. The business has a fifty day simple moving average of $46.63 and a 200-day simple moving average of $42.25. Bristow Group Inc. has a fifty-two week low of $28.03 and a fifty-two week high of $50.38.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.57). The company had revenue of $388.71 million for the quarter, compared to the consensus estimate of $383.68 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%. As a group, equities analysts predict that Bristow Group Inc. will post 4.65 EPS for the current fiscal year.

Bristow Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, May 15th. Bristow Group’s dividend payout ratio (DPR) is 13.02%.

Insiders Place Their Bets

In other news, COO Stuart Stavley sold 24,908 shares of the firm’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $47.02, for a total value of $1,171,174.16. Following the completion of the sale, the chief operating officer owned 85,790 shares of the company’s stock, valued at $4,033,845.80. This trade represents a 22.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jennifer Dawn Whalen sold 26,667 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $46.90, for a total value of $1,250,682.30. Following the completion of the sale, the chief financial officer directly owned 108,241 shares of the company’s stock, valued at approximately $5,076,502.90. This trade represents a 19.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 61,104 shares of company stock valued at $2,869,206 over the last quarter. 13.40% of the stock is owned by insiders.

Bristow Group Company Profile

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.