Sei Investments Co. boosted its position in Bristow Group Inc. (NYSE:VTOL – Free Report) by 107.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,589 shares of the company’s stock after buying an additional 42,193 shares during the period. Sei Investments Co. owned approximately 0.28% of Bristow Group worth $3,826,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Bristow Group in the 2nd quarter worth about $25,000. Clearstead Advisors LLC boosted its position in shares of Bristow Group by 1,450.7% during the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock valued at $39,000 after purchasing an additional 1,001 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Bristow Group by 1,645.3% during the 4th 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 in the last quarter. Strs Ohio bought a new stake in Bristow Group in the first quarter worth approximately $44,000. Finally, Wolverine Asset Management LLC grew its position in shares of Bristow Group by 121.4% during the 4th quarter. Wolverine Asset Management LLC now owns 1,824 shares of the company’s stock worth $67,000 after buying an additional 1,000 shares during the period. Institutional investors own 93.29% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on VTOL. Weiss Ratings reiterated a “buy (b)” rating on shares of Bristow Group in a research report on Friday, May 29th. Wall Street Zen lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Zacks Research raised shares of Bristow Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Bristow Group presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.
Bristow Group Price Performance
Shares of NYSE:VTOL opened at $45.03 on Friday. Bristow Group Inc. has a 1-year low of $35.03 and a 1-year high of $50.38. The stock has a market cap of $1.33 billion, a PE ratio of 12.98 and a beta of 1.22. The stock’s fifty day simple moving average is $43.30 and its two-hundred day simple moving average is $44.60. The company has a current ratio of 2.26, a quick ratio of 1.79 and a debt-to-equity ratio of 0.66.
Bristow Group (NYSE:VTOL – Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.19). The firm had revenue of $411.75 million during the quarter, compared to the consensus estimate of $407.28 million. Bristow Group had a return on equity of 9.82% and a net margin of 6.66%. As a group, analysts forecast that Bristow Group Inc. will post 3.87 EPS for the current fiscal year.
Bristow Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be given a $0.125 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. Bristow Group’s payout ratio is 14.41%.
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.
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