Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires New Holdings in Bristow Group Inc. $VTOL

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Bristow Group Inc. (NYSE:VTOL) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,448 shares of the company’s stock, valued at approximately $1,240,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. owned 0.09% of Bristow Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VTOL. Encompass Capital Advisors LLC bought a new stake in shares of Bristow Group during the 4th quarter worth about $25,613,000. Fearnley Asset Management AS bought a new position in shares of Bristow Group in the fourth quarter valued at approximately $16,942,000. Boston Partners bought a new position in shares of Bristow Group in the fourth quarter valued at approximately $13,486,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Bristow Group by 176.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 210,768 shares of the company’s stock valued at $7,605,000 after acquiring an additional 134,616 shares in the last quarter. Finally, First Trust Advisors LP acquired a new position in shares of Bristow Group during the fourth quarter valued at approximately $4,012,000. Institutional investors own 93.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VTOL shares. Weiss Ratings reissued a “buy (b)” rating on shares of Bristow Group in a report on Friday, May 29th. Wall Street Zen lowered Bristow Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research cut Bristow Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Bristow Group Price Performance

Shares of NYSE:VTOL opened at $41.23 on Friday. The company’s fifty day moving average is $43.21 and its two-hundred day moving average is $43.42. The company has a market cap of $1.22 billion, a P/E ratio of 10.74 and a beta of 1.23. Bristow Group Inc. has a 12-month low of $32.76 and a 12-month high of $50.38. The company has a quick ratio of 1.79, a current ratio of 2.15 and a debt-to-equity ratio of 0.69.

Bristow Group (NYSE:VTOL) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $383.68 million. Bristow Group had a net margin of 7.51% and a return on equity of 11.10%. Equities analysts expect that Bristow Group Inc. will post 3.87 earnings per share 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 dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, May 15th. Bristow Group’s payout ratio is 13.02%.

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.