Cookson Peirce & Co. Inc. Has $1.26 Million Position in Baker Hughes (NASDAQ:BKR)

Cookson Peirce & Co. Inc. boosted its position in shares of Baker Hughes (NASDAQ:BKR) by 15.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,703 shares of the company’s stock after buying an additional 4,165 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Baker Hughes were worth $1,259,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Baker Hughes by 41.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 40,050 shares of the company’s stock valued at $1,448,000 after acquiring an additional 11,834 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Baker Hughes by 51.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,574 shares of the company’s stock worth $129,000 after buying an additional 1,208 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Baker Hughes by 63.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,001,870 shares of the company’s stock worth $72,368,000 after buying an additional 780,417 shares during the last quarter. National Pension Service lifted its holdings in Baker Hughes by 6.4% in the third quarter. National Pension Service now owns 1,362,973 shares of the company’s stock valued at $49,271,000 after buying an additional 81,625 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in Baker Hughes by 5.8% in the third quarter. QRG Capital Management Inc. now owns 42,175 shares of the company’s stock valued at $1,525,000 after acquiring an additional 2,305 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BKR. TD Cowen dropped their target price on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays upped their price objective on Baker Hughes from $51.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Royal Bank of Canada increased their target price on Baker Hughes from $49.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Atb Cap Markets lowered Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI increased their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.06.

Baker Hughes Stock Performance

BKR opened at $42.86 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The company has a market capitalization of $42.44 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 2.00 and a beta of 1.30. The business’s 50-day moving average price is $44.73 and its two-hundred day moving average price is $40.68. Baker Hughes has a 1 year low of $29.30 and a 1 year high of $49.40.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Equities analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were issued a dividend of $0.23 per share. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.92 annualized dividend and a yield of 2.15%. Baker Hughes’s dividend payout ratio is presently 30.87%.

Insider Activity at Baker Hughes

In related news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by insiders.

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.