Universal Beteiligungs und Servicegesellschaft mbH Boosts Holdings in Bristow Group Inc. $VTOL

by · The Cerbat Gem

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in Bristow Group Inc. (NYSE:VTOLFree Report) by 33.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 130,735 shares of the company’s stock after acquiring an additional 32,623 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Bristow Group were worth $4,795,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Bristow Group in the second quarter valued at $25,000. Strs Ohio purchased a new stake in Bristow Group in the first quarter valued at $44,000. Tower Research Capital LLC TRC boosted its holdings in Bristow Group by 296.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,508 shares of the company’s stock valued at $83,000 after purchasing an additional 1,876 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Bristow Group in the second quarter valued at $90,000. Finally, BNP Paribas Financial Markets boosted its holdings in Bristow Group by 68.3% in the second quarter. BNP Paribas Financial Markets now owns 2,834 shares of the company’s stock valued at $93,000 after purchasing an additional 1,150 shares during the last quarter. 93.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Wesley E. Kern sold 3,079 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $46.83, for a total transaction of $144,189.57. Following the completion of the transaction, the director owned 32,000 shares in the company, valued at $1,498,560. This represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer Dawn Whalen sold 26,667 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $46.90, for a total transaction of $1,250,682.30. Following the transaction, the chief financial officer owned 108,241 shares of the company’s stock, valued at approximately $5,076,502.90. This trade represents a 19.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 61,104 shares of company stock worth $2,869,206. Company insiders own 13.40% of the company’s stock.

Bristow Group Stock Performance

NYSE:VTOL opened at $49.06 on Wednesday. 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 company has a fifty day moving average of $46.64 and a two-hundred day moving average of $41.96. The stock has a market capitalization of $1.45 billion, a PE ratio of 11.36 and a beta of 1.35. Bristow Group Inc. has a fifty-two week low of $26.53 and a fifty-two week high of $50.28.

Bristow Group (NYSE:VTOLGet Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.15. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%. The company had revenue of $377.26 million during the quarter, compared to analysts’ expectations of $380.33 million. As a group, research analysts forecast that Bristow Group Inc. will post 4.65 earnings per share for the current fiscal year.

Bristow Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 13th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, March 13th. Bristow Group’s dividend payout ratio is 11.57%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VTOL shares. JonesTrading started coverage on shares of Bristow Group in a report on Friday, January 23rd. They set a “buy” rating on the stock. Wall Street Zen raised shares of Bristow Group from a “hold” rating to a “buy” rating in a report on Sunday, March 8th. Raymond James Financial started coverage on shares of Bristow Group in a report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 price target on the stock. Zacks Research raised shares of Bristow Group to a “hold” rating in a report on Thursday, February 19th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Check Out Our Latest Analysis on Bristow Group

Bristow Group Company 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.

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