Bristow Group Inc. $VTOL Shares Acquired by Prudential Financial Inc.
Prudential Financial Inc. increased its holdings in Bristow Group Inc. by 177.9% in Q2, owning 68,729 shares worth $2,266,000. Other institutional investors also adjusted their stakes. Bristow's stock performance shows a market cap of $1.08 billion and a recent earnings report exceeding expectations. Insider trading activity includes significant stock sales by directors. Analysts have given Bristow a positive rating.
Prudential Financial Inc. increased its holdings in Bristow Group Inc. (NYSE:VTOL - Free Report) by 177.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,729 shares of the company's stock after purchasing an additional 43,994 shares during the period. Prudential Financial Inc. owned 0.24% of Bristow Group worth $2,266,000 as of its most recent SEC filing.
Get Bristow Group alerts:
- Why a 20-Second Flight Test Could Unlock Billions for Vertical
Other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in Bristow Group by 18.7% in the 1st quarter. Mackenzie Financial Corp now owns 12,663 shares of the company's stock worth $400,000 after buying an additional 1,992 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Bristow Group by 74.7% during the 1st quarter. Federated Hermes Inc. now owns 912 shares of the company's stock valued at $29,000 after acquiring an additional 390 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Bristow Group by 38.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,159 shares of the company's stock worth $131,000 after acquiring an additional 1,147 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Bristow Group by 12.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 313,074 shares of the company's stock worth $9,887,000 after acquiring an additional 34,936 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Bristow Group by 22.3% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,126 shares of the company's stock worth $1,078,000 after acquiring an additional 6,213 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director George Mark Mickelson sold 10,000 shares of the firm's stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $38.40, for a total transaction of $384,000.00. Following the sale, the director directly owned 60,265 shares in the company, valued at approximately $2,314,176. This trade represents a 14.23% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lorin L. Brass sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $38.00, for a total value of $95,000.00. Following the transaction, the director directly owned 21,705 shares in the company, valued at $824,790. This trade represents a 10.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 221,000 shares of company stock worth $8,417,775 in the last ninety days. 13.40% of the stock is owned by corporate insiders.
Bristow Group Stock Performance
- Why Vertical Aerospace Stock Could Double After This Flight Test
Shares of VTOL stock opened at $37.34 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.08 billion, a PE ratio of 7.81 and a beta of 1.42. The company's fifty day simple moving average is $37.99 and its 200-day simple moving average is $36.00. Bristow Group Inc. has a 52 week low of $25.11 and a 52 week high of $42.89.
Bristow Group (NYSE:VTOL - Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.78. Bristow Group had a return on equity of 14.83% and a net margin of 9.71%.The firm had revenue of $386.29 million during the quarter, compared to the consensus estimate of $400.00 million.
Wall Street Analyst Weigh In
- Why Vertical Aerospace Could Lead the eVTOL Market by 2028
VTOL has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Bristow Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded Bristow Group from a "hold" rating to a "buy" rating in a report on Sunday, October 19th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Bristow Group presently has a consensus rating of "Buy".
Check Out Our Latest Stock Analysis on VTOL
Bristow Group Company Profile
(Free Report)Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.
See Also
- Five stocks we like better than Bristow Group
- What is the FTSE 100 index?
- The Trade Desk: After a 70% Plunge, This Could Be The Time to Buy
- Using the MarketBeat Dividend Tax Calculator
- Tap Into 2026 AI Infrastructure Gains With This High-Growth ETF
- Consumer Staples Stocks, Explained
- Strong Quarter, Weak Reaction: Why GitLab Shares Dropped
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Bristow Group Right Now?
Before you consider Bristow Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bristow Group wasn't on the list.
While Bristow Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
