Ieq Capital LLC Buys Shares of 27,040 Bristow Group Inc. $VTOL

Ieq Capital LLC purchased a new stake in shares of Bristow Group Inc. (NYSE:VTOL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 27,040 shares of the company’s stock, valued at approximately $1,117,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Bristow Group during the second quarter valued at $162,017,000. Encompass Capital Advisors LLC purchased a new position in Bristow Group in the fourth quarter worth about $25,613,000. Fearnley Asset Management AS bought a new stake in shares of Bristow Group during the 4th quarter valued at about $16,942,000. Boston Partners bought a new stake in shares of Bristow Group during the 4th quarter valued at about $13,486,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Bristow Group during the 2nd quarter valued at about $7,463,000. Institutional investors own 93.29% of the company’s stock.

Bristow Group Price Performance

NYSE VTOL opened at $45.01 on Thursday. The company has a market capitalization of $1.33 billion, a PE ratio of 12.97 and a beta of 1.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.85 and a current ratio of 2.26. The business’s fifty day moving average is $44.29 and its 200 day moving average is $44.85. Bristow Group Inc. has a fifty-two week low of $35.03 and a fifty-two week high of $50.38.

Bristow Group (NYSE:VTOL) last released its quarterly earnings results 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 company had revenue of $411.75 million for the quarter, compared to the consensus estimate of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. Sell-side analysts predict that Bristow Group Inc. will post 3.31 earnings per share for the current year.

Bristow Group Announces Dividend

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

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on VTOL shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Zacks Research upgraded shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen cut 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 currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

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.