Bristow Group Inc. $VTOL Holdings Raised by American Century Companies Inc.

American Century Companies Inc. lifted its position in shares of Bristow Group Inc. (NYSE:VTOL) by 11.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 833,992 shares of the company’s stock after acquiring an additional 84,318 shares during the period. American Century Companies Inc. owned about 2.88% of Bristow Group worth $30,090,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Brown Advisory Inc. lifted its holdings in Bristow Group by 21.3% in the second quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company’s stock worth $40,387,000 after acquiring an additional 215,214 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in Bristow Group by 112.6% in the second quarter. Donald Smith & CO. Inc. now owns 250,953 shares of the company’s stock valued at $8,274,000 after acquiring an additional 132,926 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Bristow Group by 87.5% during the second quarter. JPMorgan Chase & Co. now owns 219,865 shares of the company’s stock valued at $7,249,000 after purchasing an additional 102,611 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Bristow Group during the third quarter valued at approximately $3,540,000. Finally, Vanguard Group Inc. raised its position in shares of Bristow Group by 4.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,984,961 shares of the company’s stock worth $71,617,000 after purchasing an additional 91,116 shares during the period. 93.29% of the stock is currently owned by institutional investors.

Bristow Group Stock Down 0.1%

VTOL stock opened at $44.52 on Friday. The firm has a market cap of $1.30 billion, a PE ratio of 10.31 and a beta of 1.35. Bristow Group Inc. has a 12 month low of $25.11 and a 12 month high of $49.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.54. The firm has a 50 day simple moving average of $42.96 and a 200 day simple moving average of $39.51.

Bristow Group (NYSE:VTOL) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.15. The firm had revenue of $377.26 million for the quarter, compared to analyst estimates of $380.33 million. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%.

Bristow Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, March 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 13th.

Insiders Place Their Bets

In related news, Director Wesley E. Kern sold 3,079 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $46.83, for a total value of $144,189.57. Following the completion of the transaction, the director owned 32,000 shares in the company, valued at $1,498,560. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Stuart Stavley sold 24,908 shares of Bristow Group stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $47.02, for a total value of $1,171,174.16. Following the completion of the transaction, the chief operating officer directly owned 85,790 shares in the company, valued at $4,033,845.80. This represents a 22.50% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 60,104 shares of company stock worth $2,824,206. Corporate insiders own 13.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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