Donald Smith & CO. Inc. Acquires New Stake in Bristow Group Inc. $VTOL

Donald Smith & CO. Inc. bought a new position in shares of Bristow Group Inc. (NYSE:VTOL) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 58,157 shares of the company’s stock, valued at approximately $2,403,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in shares of Bristow Group in the 2nd quarter valued at about $43,000. BlackRock Inc. purchased a new position in shares of Bristow Group during the second quarter worth about $162,017,000. Deutsche Bank AG purchased a new position in shares of Bristow Group during the second quarter worth about $1,068,000. Bank of New York Mellon Corp bought a new position in shares of Bristow Group in the second quarter worth approximately $7,463,000. Finally, State of Wyoming bought a new position in shares of Bristow Group in the second quarter worth approximately $73,000. 93.29% of the stock is currently owned by institutional investors.

Insider Activity at Bristow Group

In other Bristow Group news, COO Stuart Stavley sold 10,218 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $46.20, for a total value of $472,071.60. Following the sale, the chief operating officer owned 64,740 shares of the company’s stock, valued at $2,990,988. This trade represents a 13.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lorin L. Brass sold 1,890 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $46.56, for a total value of $87,998.40. Following the completion of the sale, the director directly owned 18,873 shares in the company, valued at $878,726.88. The trade was a 9.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 12,948 shares of company stock worth $599,055. 12.80% of the stock is owned by corporate insiders.

Bristow Group Trading Down 1.0%

NYSE VTOL opened at $45.46 on Friday. 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’s 50-day simple moving average is $44.13 and its two-hundred day simple moving average is $44.83. Bristow Group Inc. has a twelve month low of $35.03 and a twelve month high of $50.38. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.10 and a beta of 1.22.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings data 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). Bristow Group had a return on equity of 9.82% and a net margin of 6.66%.The firm had revenue of $411.75 million during the quarter, compared to analysts’ expectations of $407.28 million. Research analysts forecast that Bristow Group Inc. will post 3.31 EPS for the current fiscal year.

Bristow Group Dividend Announcement

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

Wall Street Analyst Weigh In

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