Bristow Group Inc. $VTOL Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its stake in shares of Bristow Group Inc. (NYSE:VTOL) by 63.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,721 shares of the company’s stock after selling 35,217 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Bristow Group worth $748,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Brown Advisory Inc. grew its position in Bristow Group by 21.3% in the 2nd quarter. Brown Advisory Inc. now owns 1,224,954 shares of the company’s stock valued at $40,387,000 after buying an additional 215,214 shares during the last quarter. Donald Smith & CO. Inc. boosted its holdings in shares of 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 in the last quarter. JPMorgan Chase & Co. increased its stake 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 worth $7,249,000 after acquiring an additional 102,611 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Bristow Group during the third quarter worth about $3,540,000. Finally, Vanguard Group Inc. raised its holdings in Bristow Group by 4.8% during the third 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 in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Price Performance

VTOL stock opened at $45.76 on Tuesday. Bristow Group Inc. has a 1 year low of $25.11 and a 1 year high of $49.55. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.54 and a current ratio of 1.90. The stock’s 50 day moving average price is $43.14 and its 200 day moving average price is $39.59. The firm has a market cap of $1.34 billion, a P/E ratio of 10.59 and a beta of 1.35.

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

Bristow Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.125 per share. 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.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Wesley E. Kern sold 3,079 shares of the stock in a transaction dated 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 sale, the director owned 32,000 shares in the company, valued at approximately $1,498,560. This trade represents a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Stuart Stavley sold 24,908 shares of the 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 completion of the sale, the chief operating officer directly owned 85,790 shares of the company’s stock, valued at $4,033,845.80. This trade represents a 22.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In 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.

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.