Paradigm Asset Management Co. LLC Takes Position in Baker Hughes (NASDAQ:BKR)

Paradigm Asset Management Co. LLC purchased a new position in shares of Baker Hughes (NASDAQ:BKR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,000 shares of the company’s stock, valued at approximately $656,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Creative Planning raised its holdings in Baker Hughes by 12.3% in the third quarter. Creative Planning now owns 69,572 shares of the company’s stock valued at $2,515,000 after acquiring an additional 7,596 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Baker Hughes by 156.9% in the third quarter. Sequoia Financial Advisors LLC now owns 19,873 shares of the company’s stock valued at $718,000 after buying an additional 12,137 shares during the last quarter. Signaturefd LLC grew its position in Baker Hughes by 38.9% during the 3rd quarter. Signaturefd LLC now owns 9,569 shares of the company’s stock worth $346,000 after purchasing an additional 2,679 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Baker Hughes by 19.1% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 10,117 shares of the company’s stock worth $366,000 after buying an additional 1,620 shares during the last quarter. Finally, IFM Investors Pty Ltd raised its stake in shares of Baker Hughes by 33.2% during the third quarter. IFM Investors Pty Ltd now owns 269,720 shares of the company’s stock worth $9,750,000 after purchasing an additional 67,212 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their target price on Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Citigroup upped their price objective on Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Stifel Nicolaus increased their price target on Baker Hughes from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Evercore ISI raised their price objective on Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Finally, Barclays increased their price objective on shares of Baker Hughes from $51.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Baker Hughes has an average rating of “Moderate Buy” and a consensus price target of $51.06.

Baker Hughes Trading Down 2.7 %

Shares of NASDAQ BKR opened at $45.62 on Friday. The company has a market cap of $45.17 billion, a PE ratio of 15.31, a P/E/G ratio of 2.06 and a beta of 1.39. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $44.28 and a two-hundred day moving average of $40.16. Baker Hughes has a 1-year low of $28.88 and a 1-year high of $49.40.

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

Baker Hughes Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, February 11th. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 2.02%. Baker Hughes’s dividend payout ratio is 30.87%.

Insider Activity

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.25% of the stock is owned by insiders.

Baker Hughes 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.