Insider Selling: Bristow Group (NYSE:VTOL) COO Sells $472,071.60 in Stock

Bristow Group Inc. (NYSE:VTOL) COO Stuart Stavley sold 10,218 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $46.20, for a total value of $472,071.60. Following the transaction, the chief operating officer owned 64,740 shares of the company’s stock, valued at approximately $2,990,988. The trade was a 13.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $45.46 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.26 and a quick ratio of 1.85. The firm has a market capitalization of $1.35 billion, a PE ratio of 13.10 and a beta of 1.22. Bristow Group Inc. has a 1-year low of $35.03 and a 1-year high of $50.38. The business’s fifty day moving average price is $44.13 and its two-hundred day moving average price is $44.83.

Bristow Group (NYSE:VTOL) last announced 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 firm had revenue of $411.75 million for the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a net margin of 6.66% and a return on equity of 9.82%. On average, research analysts expect that Bristow Group Inc. will post 3.31 EPS for the current year.

Bristow Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors 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 yield of 1.1%. Bristow Group’s dividend payout ratio (DPR) is currently 14.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Finally, Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Institutional Investors Weigh In On Bristow Group

A number of hedge funds and other institutional investors have recently modified their holdings of VTOL. AQR Capital Management LLC bought a new position in Bristow Group in the 1st quarter valued at about $1,119,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Bristow Group by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company’s stock valued at $461,000 after buying an additional 609 shares during the period. Jane Street Group LLC raised its position in shares of Bristow Group by 178.7% during the 1st quarter. Jane Street Group LLC now owns 53,526 shares of the company’s stock worth $1,690,000 after buying an additional 34,317 shares in the last quarter. Strs Ohio bought a new stake in shares of Bristow Group during the 1st quarter worth about $44,000. Finally, Creative Planning acquired a new stake in shares of Bristow Group in the 2nd quarter worth approximately $236,000. 93.29% of the stock is currently owned by institutional investors.

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.