Lorin Brass Sells 3,000 Shares of Bristow Group (NYSE:VTOL) Stock

Bristow Group Inc. (NYSE:VTOL) Director Lorin Brass sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $42.42, for a total transaction of $127,260.00. Following the sale, the director directly owned 14,223 shares of the company’s stock, valued at $603,339.66. This represents a 17.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Bristow Group Trading Down 0.1%

Bristow Group stock traded down $0.06 during mid-day trading on Wednesday, hitting $42.73. 195,018 shares of the stock were exchanged, compared to its average volume of 232,827. The company has a quick ratio of 1.85, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. Bristow Group Inc. has a 12 month low of $35.03 and a 12 month high of $50.38. The firm’s fifty day simple moving average is $44.68 and its two-hundred day simple moving average is $44.52. 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 (NYSE:VTOL) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. The firm had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. Analysts forecast that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.125 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.50 annualized dividend and a yield of 1.2%. Bristow Group’s payout ratio is presently 14.41%.

Analysts Set New Price Targets

A number of analysts have weighed in on VTOL shares. Zacks Research upgraded Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its stake in Bristow Group by 8.2% in the first quarter. PNC Financial Services Group Inc. now owns 4,509 shares of the company’s stock valued at $211,000 after purchasing an additional 340 shares in the last quarter. Allworth Financial LP boosted its position in shares of Bristow Group by 128.3% during the 2nd quarter. Allworth Financial LP now owns 1,032 shares of the company’s stock worth $43,000 after purchasing an additional 580 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Bristow Group during the 2nd quarter worth about $27,000. Nykredit A S bought a new position in shares of Bristow Group during the 2nd quarter worth about $27,000. Finally, Engineers Gate Manager LP grew its stake in shares of Bristow Group by 17.4% in the 2nd quarter. Engineers Gate Manager LP now owns 6,160 shares of the company’s stock valued at $255,000 after buying an additional 914 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Company Profile

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.