Segall Bryant & Hamill LLC Makes New $1.63 Million Investment in Bristow Group Inc. $VTOL

Segall Bryant & Hamill LLC acquired a new position in shares of Bristow Group Inc. (NYSE:VTOLFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 34,752 shares of the company’s stock, valued at approximately $1,630,000.

Other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Bristow Group during the second quarter worth approximately $25,000. Clearstead Advisors LLC lifted its holdings in Bristow Group by 1,450.7% during the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after purchasing an additional 1,001 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in Bristow Group by 1,645.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after purchasing an additional 1,053 shares during the last quarter. Strs Ohio bought a new stake in Bristow Group in the 1st quarter valued at $44,000. Finally, Wolverine Asset Management LLC boosted its stake in Bristow Group by 121.4% in the 4th quarter. Wolverine Asset Management LLC now owns 1,824 shares of the company’s stock valued at $67,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 93.29% of the company’s stock.

Analyst Ratings Changes

VTOL has been the topic of a number of research reports. Zacks Research raised Bristow Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Finally, Wall Street Zen cut shares of Bristow Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Bristow Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Get Our Latest Stock Analysis on VTOL

Bristow Group Stock Up 4.8%

Shares of VTOL opened at $47.85 on Wednesday. Bristow Group Inc. has a 12 month low of $33.72 and a 12 month high of $50.38. The firm’s 50 day moving average is $43.19 and its 200-day moving average is $44.54. The stock has a market capitalization of $1.42 billion, a PE ratio of 12.46 and a beta of 1.22. The company has a current ratio of 2.15, a quick ratio of 1.79 and a debt-to-equity ratio of 0.69.

Bristow Group (NYSE:VTOLGet Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The business had revenue of $411.75 million during the quarter, compared to analyst estimates of $407.28 million. Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. Equities research analysts forecast that Bristow Group Inc. will post 3.87 EPS for the current year.

Bristow Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Friday, August 14th. Bristow Group’s dividend payout ratio (DPR) is 13.02%.

Bristow Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Bristow Group (NYSE:VTOL)

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