River Global Investors LLP Has $8.41 Million Holdings in Baker Hughes (NASDAQ:BKR)

River Global Investors LLP reduced its holdings in shares of Baker Hughes (NASDAQ:BKR) by 22.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 245,989 shares of the company’s stock after selling 69,395 shares during the period. Baker Hughes comprises about 1.6% of River Global Investors LLP’s investment portfolio, making the stock its 10th biggest position. River Global Investors LLP’s holdings in Baker Hughes were worth $8,409,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new position in Baker Hughes during the fourth quarter worth $33,000. OFI Invest Asset Management bought a new stake in shares of Baker Hughes in the 3rd quarter worth about $36,000. Rational Advisors LLC increased its position in shares of Baker Hughes by 44.0% during the 3rd quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock worth $44,000 after purchasing an additional 382 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in Baker Hughes by 38.2% during the 3rd quarter. Clearstead Advisors LLC now owns 1,523 shares of the company’s stock valued at $54,000 after purchasing an additional 421 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Baker Hughes in the third quarter valued at about $76,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on BKR shares. TD Cowen raised their price objective on shares of Baker Hughes from $46.00 to $49.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Benchmark reaffirmed a “buy” rating and set a $40.00 price target on shares of Baker Hughes in a report on Wednesday, April 24th. Wolfe Research lowered Baker Hughes from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 29th. Citigroup lowered their target price on Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 price target on shares of Baker Hughes in a report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.94.

Insider Buying and Selling at Baker Hughes

In other news, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at $508,132.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at $508,132.24. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP James E. Apostolides sold 10,000 shares of Baker Hughes stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the transaction, the senior vice president now directly owns 14,451 shares in the company, valued at $425,437.44. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Baker Hughes Price Performance

Shares of BKR traded up $0.20 during mid-day trading on Friday, hitting $31.92. 3,701,570 shares of the company traded hands, compared to its average volume of 6,190,016. Baker Hughes has a one year low of $26.96 and a one year high of $37.58. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $32.35 and a 200 day moving average of $32.45. The stock has a market capitalization of $31.95 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 0.55 and a beta of 1.44.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. Baker Hughes had a net margin of 6.95% and a return on equity of 11.42%. The firm had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the firm earned $0.28 earnings per share. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts expect that Baker Hughes will post 2.08 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, May 6th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.63%. Baker Hughes’s payout ratio is presently 46.93%.

Baker Hughes Company Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.