Bristow Group (NYSE:VTOL) COO Stuart Stavley Sells 10,218 Shares of Stock

Bristow Group Inc. (NYSE:VTOL) COO Stuart Stavley sold 10,218 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $46.20, for a total value of $472,071.60. Following the sale, the chief operating officer directly owned 64,740 shares of the company’s stock, valued at $2,990,988. The trade was a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bristow Group Stock Performance

Shares of VTOL stock traded down $0.52 during midday trading on Friday, hitting $45.42. The company had a trading volume of 65,986 shares, compared to its average volume of 219,008. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 13.09 and a beta of 1.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The company’s 50 day simple moving average is $44.11 and its 200 day simple moving average is $44.83. Bristow Group Inc. has a 52-week low of $35.03 and a 52-week high of $50.38.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.19). Bristow Group had a return on equity of 9.82% and a net margin of 6.66%.The company had revenue of $411.75 million for the quarter, compared to analysts’ expectations of $407.28 million. Research analysts anticipate that Bristow Group Inc. will post 3.31 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, August 14th. Bristow Group’s payout ratio is currently 14.41%.

Institutional Trading of Bristow Group

Several institutional investors and hedge funds have recently modified their holdings of VTOL. Raymond James Financial Inc. purchased a new position in shares of Bristow Group during the 2nd quarter worth approximately $25,000. Public Employees Retirement System of Ohio purchased a new stake in Bristow Group in the 2nd quarter valued at approximately $27,000. Nykredit A S purchased a new stake in Bristow Group in the 2nd quarter valued at approximately $27,000. Clearstead Advisors LLC grew its holdings in Bristow Group by 1,450.7% during the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after buying an additional 1,001 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Bristow Group by 1,645.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after buying an additional 1,053 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on VTOL. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $60.00.

About Bristow Group

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.