Dimensional Fund Advisors LP Grows Stock Holdings in Bristow Group Inc. $VTOL

Dimensional Fund Advisors LP raised its holdings in shares of Bristow Group Inc. (NYSE:VTOL) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,753,392 shares of the company’s stock after purchasing an additional 45,874 shares during the quarter. Dimensional Fund Advisors LP owned 0.06% of Bristow Group worth $82,212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new position in shares of Bristow Group during the first quarter worth about $1,521,000. Vanguard Group Inc. raised its stake in shares of Bristow Group by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 2,056,599 shares of the company’s stock valued at $75,313,000 after purchasing an additional 71,638 shares during the period. Horizon Investments LLC purchased a new stake in shares of Bristow Group during the fourth quarter valued at approximately $616,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Bristow Group by 33.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 130,735 shares of the company’s stock valued at $4,795,000 after purchasing an additional 32,623 shares during the period. Finally, Encompass Capital Advisors LLC acquired a new position in shares of Bristow Group in the fourth quarter worth about $25,613,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Bristow Group Stock Performance

Shares of VTOL stock opened at $44.78 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.79 and a current ratio of 2.15. Bristow Group Inc. has a one year low of $32.76 and a one year high of $50.38. The company’s 50-day simple moving average is $42.99 and its 200-day simple moving average is $44.41. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 11.66 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 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.57). The firm had revenue of $388.71 million during the quarter, compared to analyst estimates of $383.68 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%. Equities analysts anticipate 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 will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.125 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. Bristow Group’s dividend payout ratio (DPR) is presently 13.02%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VTOL. Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research note on Friday, May 29th. Finally, Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group 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.