Brown Advisory Inc. Reduces Holdings in Bristow Group Inc. $VTOL

Brown Advisory Inc. lessened its position in shares of Bristow Group Inc. (NYSE:VTOL) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,353,063 shares of the company’s stock after selling 74,135 shares during the period. Brown Advisory Inc. owned 4.68% of Bristow Group worth $49,549,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in VTOL. Boston Partners purchased a new position in shares of Bristow Group during the 4th quarter valued at $13,486,000. Kestrel Investment Management Corp purchased a new stake in Bristow Group during the 3rd quarter worth about $4,876,000. Arrowstreet Capital Limited Partnership lifted its holdings in Bristow Group by 176.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 210,768 shares of the company’s stock worth $7,605,000 after purchasing an additional 134,616 shares in the last quarter. First Trust Advisors LP purchased a new stake in Bristow Group during the 4th quarter worth about $4,012,000. Finally, Algert Global LLC lifted its holdings in Bristow Group by 204.9% during the 3rd quarter. Algert Global LLC now owns 158,498 shares of the company’s stock worth $5,719,000 after purchasing an additional 106,514 shares in the last quarter. Hedge funds and other institutional investors own 93.29% of the company’s stock.

Bristow Group Price Performance

Shares of NYSE VTOL opened at $44.11 on Monday. The firm has a market capitalization of $1.31 billion, a P/E ratio of 11.49 and a beta of 1.22. The company has a quick ratio of 1.79, a current ratio of 2.15 and a debt-to-equity ratio of 0.69. The stock’s 50-day simple moving average is $45.16 and its two-hundred day simple moving average is $42.94. Bristow Group Inc. has a twelve month low of $31.75 and a twelve month high of $50.38.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.57). The business had revenue of $388.71 million during the quarter, compared to the consensus estimate of $383.68 million. Bristow Group had a return on equity of 11.10% and a net margin of 7.51%. As a group, equities analysts anticipate that Bristow Group Inc. will post 3.87 EPS for the current fiscal year.

Bristow Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Friday, May 15th. Bristow Group’s dividend payout ratio is currently 13.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VTOL shares. Zacks Research cut Bristow Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 12th. Raymond James Financial started coverage on Bristow Group in a report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 price objective on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Finally, Wall Street Zen cut Bristow Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bristow Group presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Insiders Place Their Bets

In other Bristow Group news, Director Lorin L. Brass sold 1,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $45.00, for a total value of $45,000.00. Following the transaction, the director directly owned 17,455 shares in the company, valued at $785,475. This represents a 5.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.40% of the stock is owned by corporate insiders.

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.