Vinva Investment Management Ltd Acquires 15,058 Shares of Baker Hughes (NASDAQ:BKR)

Vinva Investment Management Ltd boosted its stake in shares of Baker Hughes (NASDAQ:BKRFree Report) by 35.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 58,030 shares of the company’s stock after purchasing an additional 15,058 shares during the period. Vinva Investment Management Ltd’s holdings in Baker Hughes were worth $1,985,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System purchased a new position in Baker Hughes in the 4th quarter valued at approximately $4,813,000. Nordea Investment Management AB lifted its holdings in Baker Hughes by 731.1% during the 4th quarter. Nordea Investment Management AB now owns 1,458,833 shares of the company’s stock worth $49,732,000 after purchasing an additional 1,283,296 shares in the last quarter. Wellington Management Group LLP boosted its stake in Baker Hughes by 12.0% in the 3rd quarter. Wellington Management Group LLP now owns 905,513 shares of the company’s stock worth $31,983,000 after purchasing an additional 97,108 shares during the period. Russell Investments Group Ltd. grew its holdings in Baker Hughes by 101.4% during the 4th quarter. Russell Investments Group Ltd. now owns 2,383,918 shares of the company’s stock valued at $81,484,000 after buying an additional 1,200,407 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Baker Hughes by 207.1% during the fourth quarter. KBC Group NV now owns 237,356 shares of the company’s stock valued at $8,113,000 after buying an additional 160,056 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Down 0.4 %

BKR traded down $0.12 during trading on Friday, reaching $31.63. The stock had a trading volume of 5,107,760 shares, compared to its average volume of 7,967,485. 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 stock’s 50 day moving average is $32.75 and its two-hundred day moving average is $32.08. The company has a market capitalization of $31.57 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 0.55 and a beta of 1.43. Baker Hughes has a one year low of $28.32 and a one year high of $37.58.

Baker Hughes (NASDAQ:BKRGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping 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 business had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.37 billion. During the same quarter in the prior year, the company earned $0.28 earnings per share. The business’s revenue was up 12.3% compared to the same quarter last year. As a group, analysts expect that Baker Hughes will post 2.08 earnings per share for the current year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.66%. Baker Hughes’s payout ratio is presently 46.93%.

Insider Transactions at Baker Hughes

In related news, EVP Maria C. Borras sold 55,980 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $32.00, for a total value of $1,791,360.00. Following the completion of the transaction, the executive vice president now directly owns 92,035 shares in the company, valued at approximately $2,945,120. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP James E. Apostolides sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the sale, the senior vice president now owns 14,998 shares in the company, valued at $508,132.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria C. Borras sold 55,980 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the sale, the executive vice president now owns 92,035 shares of the company’s stock, valued at $2,945,120. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Baker Hughes from $36.00 to $38.00 in a research report on Tuesday, April 23rd. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Baker Hughes in a research report on Wednesday, April 24th. UBS Group upped their target price on Baker Hughes from $35.00 to $36.00 in a research note on Tuesday, April 23rd. Susquehanna reiterated a “positive” rating and set a $40.00 price target on shares of Baker Hughes in a research report on Monday, April 8th. Finally, Morgan Stanley raised their target price on shares of Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.94.

Check Out Our Latest Stock Report on Baker Hughes

Baker Hughes Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes (NASDAQ:BKRFree Report).

Institutional Ownership by Quarter for Baker Hughes (NASDAQ:BKR)

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