Voya Investment Management LLC Acquires 10,720 Shares of Bristow Group Inc. $VTOL

Voya Investment Management LLC raised its position in shares of Bristow Group Inc. (NYSE:VTOL) by 23.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 55,523 shares of the company’s stock after purchasing an additional 10,720 shares during the period. Voya Investment Management LLC owned 0.19% of Bristow Group worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Federated Hermes Inc. raised its position in shares of Bristow Group by 74.7% in the first quarter. Federated Hermes Inc. now owns 912 shares of the company’s stock worth $29,000 after buying an additional 390 shares in the last quarter. Strs Ohio purchased a new position in shares of Bristow Group in the first quarter worth about $44,000. Banque Transatlantique SA purchased a new position in shares of Bristow Group in the first quarter worth about $73,000. BNP Paribas Financial Markets bought a new stake in shares of Bristow Group in the fourth quarter worth about $118,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Bristow Group by 38.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company’s stock worth $131,000 after purchasing an additional 1,147 shares during the last quarter. 93.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Bristow Group

In other news, CFO Jennifer Dawn Whalen sold 5,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $37.55, for a total transaction of $187,750.00. Following the completion of the sale, the chief financial officer owned 94,203 shares of the company’s stock, valued at $3,537,322.65. The trade was a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Maryanne Miller sold 1,800 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.37, for a total transaction of $69,066.00. Following the transaction, the director owned 22,452 shares in the company, valued at $861,483.24. The trade was a 7.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,581 shares of company stock valued at $1,291,103. Company insiders own 13.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Bristow Group from a “hold” rating to a “buy” rating in a research report on Friday, September 5th.

Bristow Group Trading Down 3.3%

Shares of Bristow Group stock opened at $37.12 on Monday. The company has a market capitalization of $1.07 billion, a P/E ratio of 9.26 and a beta of 1.28. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.81. The company has a fifty day moving average of $37.02 and a 200 day moving average of $33.00. Bristow Group Inc. has a fifty-two week low of $25.11 and a fifty-two week high of $39.31.

Bristow Group (NYSE:VTOL) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.31. The firm had revenue of $376.43 million during the quarter, compared to the consensus estimate of $380.00 million. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

Bristow Group Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.