Insider Selling: Bristow Group (NYSE:VTOL) COO Sells $1,171,174.16 in Stock

Bristow Group Inc. (NYSE:VTOL) COO Stuart Stavley sold 24,908 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $47.02, for a total transaction of $1,171,174.16. Following the transaction, the chief operating officer owned 85,790 shares of the company’s stock, valued at approximately $4,033,845.80. This represents a 22.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Bristow Group Trading Down 0.7%

Shares of NYSE VTOL opened at $47.64 on Monday. The company’s fifty day moving average is $42.08 and its 200-day moving average is $39.26. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 11.03 and a beta of 1.35. Bristow Group Inc. has a twelve month low of $25.11 and a twelve month high of $49.55. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.

Bristow Group (NYSE:VTOL) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. The business had revenue of $377.26 million during the quarter, compared to analysts’ expectations of $380.33 million. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%.

Bristow Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be given a $0.125 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.0%.

Analysts Set New Price Targets

VTOL has been the topic of a number of research reports. Raymond James Financial assumed coverage on shares of Bristow Group in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $60.00 price target on the stock. JonesTrading assumed coverage on shares of Bristow Group in a research report on Friday, January 23rd. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. Wall Street Zen downgraded Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research upgraded Bristow Group to a “hold” rating in a report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in Bristow Group in the 2nd quarter valued at about $25,000. Clearstead Advisors LLC boosted its holdings in shares of Bristow Group by 1,450.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after acquiring an additional 1,001 shares during the period. Parkside Financial Bank & Trust grew its position in shares of Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after purchasing an additional 1,053 shares during the last quarter. Strs Ohio acquired a new position in shares of Bristow Group in the first quarter valued at approximately $44,000. Finally, CWM LLC increased its stake in shares of Bristow Group by 208.4% during the second quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after purchasing an additional 913 shares during the period. Institutional investors and hedge funds own 93.29% of the company’s stock.

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.