Vident Investment Advisory LLC reduced its position in shares of Baker Hughes A GE Co (NYSE:BHGE) by 56.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,564 shares of the company’s stock after selling 12,321 shares during the quarter. Vident Investment Advisory LLC’s holdings in Baker Hughes A GE were worth $316,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. TCW Group Inc. raised its position in Baker Hughes A GE by 13.5% during the second quarter. TCW Group Inc. now owns 4,409,766 shares of the company’s stock worth $145,654,000 after acquiring an additional 523,729 shares in the last quarter. Bank of New York Mellon Corp raised its position in Baker Hughes A GE by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 4,091,722 shares of the company’s stock worth $135,150,000 after acquiring an additional 65,666 shares in the last quarter. Kiltearn Partners LLP bought a new stake in Baker Hughes A GE during the first quarter worth $101,956,000. FIL Ltd raised its position in Baker Hughes A GE by 3.1% during the first quarter. FIL Ltd now owns 3,281,576 shares of the company’s stock worth $91,129,000 after acquiring an additional 99,675 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Baker Hughes A GE by 15.2% during the first quarter. Van ECK Associates Corp now owns 2,845,204 shares of the company’s stock worth $79,011,000 after acquiring an additional 375,454 shares in the last quarter. 93.88% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Matthias L. Heilmann sold 12,000 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $34.00, for a total transaction of $408,000.00. Following the transaction, the insider now directly owns 3,743 shares of the company’s stock, valued at $127,262. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Kurt Camilleri sold 2,513 shares of the firm’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $34.00, for a total transaction of $85,442.00. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Several research firms have issued reports on BHGE. ValuEngine raised shares of Baker Hughes A GE from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 24th. SunTrust Banks raised shares of Baker Hughes A GE from a “hold” rating to a “buy” rating and increased their price objective for the company from $34.00 to $39.00 in a research report on Tuesday, July 24th. Seaport Global Securities reissued a “hold” rating and issued a $32.00 price objective on shares of Baker Hughes A GE in a research report on Monday, July 23rd. Cowen dropped their price objective on shares of Baker Hughes A GE from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, July 6th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $38.00 price objective on shares of Baker Hughes A GE in a research report on Monday, July 23rd. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Baker Hughes A GE currently has a consensus rating of “Hold” and an average target price of $37.25.

Shares of BHGE opened at $32.90 on Monday. The stock has a market capitalization of $13.54 billion, a PE ratio of 63.27, a P/E/G ratio of 5.67 and a beta of 0.73. Baker Hughes A GE Co has a fifty-two week low of $25.53 and a fifty-two week high of $38.10. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.36 and a current ratio of 1.90.

Baker Hughes A GE (NYSE:BHGE) last released its quarterly earnings results on Friday, July 20th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Baker Hughes A GE had a positive return on equity of 0.43% and a negative net margin of 0.37%. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $5.57 billion. During the same period in the prior year, the business posted $0.28 earnings per share. Baker Hughes A GE’s revenue was up 2.4% compared to the same quarter last year. equities research analysts anticipate that Baker Hughes A GE Co will post 0.73 EPS for the current fiscal year.

Baker Hughes A GE Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.

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Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

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