Van Den Berg Management I Inc. Has $4.36 Million Stake in Bristow Group Inc. $VTOL

Van Den Berg Management I Inc. boosted its stake in Bristow Group Inc. (NYSE:VTOL) by 49.1% during the 1st quarter, HoldingsChannel reports. The fund owned 92,927 shares of the company’s stock after acquiring an additional 30,599 shares during the quarter. Van Den Berg Management I Inc.’s holdings in Bristow Group were worth $4,357,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VTOL. Vanguard Group Inc. increased its holdings in Bristow Group by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock worth $75,313,000 after purchasing an additional 71,638 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Bristow Group by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,753,392 shares of the company’s stock valued at $82,212,000 after purchasing an additional 45,874 shares in the last quarter. Taconic Capital Advisors LP lifted its holdings in shares of Bristow Group by 6.4% in the second quarter. Taconic Capital Advisors LP now owns 1,331,073 shares of the company’s stock valued at $43,885,000 after purchasing an additional 80,000 shares in the last quarter. State Street Corp boosted its position in shares of Bristow Group by 3.5% during the fourth quarter. State Street Corp now owns 1,050,646 shares of the company’s stock worth $38,475,000 after buying an additional 35,080 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Bristow Group by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 755,388 shares of the company’s stock worth $27,662,000 after buying an additional 22,680 shares during the period. 93.29% of the stock is owned by institutional investors and hedge funds.

Bristow Group Stock Performance

VTOL opened at $45.72 on Friday. The business’s 50-day simple moving average is $42.78 and its 200 day simple moving average is $44.20. Bristow Group Inc. has a 52-week low of $32.76 and a 52-week high of $50.38. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 2.15. The firm has a market capitalization of $1.35 billion, a PE ratio of 11.91 and a beta of 1.23.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.57). The company had revenue of $388.71 million during the quarter, compared to the consensus estimate of $383.68 million. Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. As a group, sell-side analysts expect that Bristow Group Inc. will post 3.87 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. Bristow Group’s dividend payout ratio (DPR) is currently 13.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VTOL. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bristow Group in a research note 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 company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.