Baker Hughes Company $BKR Stock Holdings Increased by Boston Trust Walden Corp

Boston Trust Walden Corp boosted its stake in Baker Hughes Company (NASDAQ:BKR) by 37.3% during the third quarter, Holdings Channel reports. The institutional investor owned 67,970 shares of the company’s stock after buying an additional 18,481 shares during the period. Boston Trust Walden Corp’s holdings in Baker Hughes were worth $3,732,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Amundi lifted its position in Baker Hughes by 28.2% during the first quarter. Amundi now owns 10,946,464 shares of the company’s stock worth $668,282,000 after acquiring an additional 2,409,978 shares during the last quarter. Advent International L.P. acquired a new stake in Baker Hughes during the 1st quarter worth approximately $72,309,000. Assenagon Asset Management S.A. boosted its stake in Baker Hughes by 1,289.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,210,521 shares of the company’s stock valued at $72,630,000 after purchasing an additional 1,123,391 shares during the period. Perpetual Ltd boosted its stake in Baker Hughes by 24.0% in the 3rd quarter. Perpetual Ltd now owns 3,958,604 shares of the company’s stock valued at $217,327,000 after purchasing an additional 765,582 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in Baker Hughes in the 3rd quarter valued at $38,380,000. 92.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BKR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Baker Hughes in a research report on Friday, October 9th. Citigroup reduced their target price on shares of Baker Hughes from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, October 19th. TD Cowen upped their price target on shares of Baker Hughes from $76.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Jefferies Financial Group lowered their price target on shares of Baker Hughes from $80.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Finally, The Goldman Sachs Group assumed coverage on shares of Baker Hughes in a research note on Tuesday, September 29th. They issued a “buy” rating and a $71.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Baker Hughes has a consensus rating of “Moderate Buy” and an average price target of $70.27.

Baker Hughes Price Performance

Shares of BKR stock opened at $47.87 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.24 and a debt-to-equity ratio of 0.85. Baker Hughes Company has a twelve month low of $44.26 and a twelve month high of $70.41. The company has a market cap of $47.52 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.55 and a beta of 1.07. The business has a fifty day simple moving average of $56.92 and a 200 day simple moving average of $60.03.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Tuesday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. The firm had revenue of $8.03 billion for the quarter, compared to analysts’ expectations of $7.74 billion. Baker Hughes had a return on equity of 13.55% and a net margin of 10.08%. The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. On average, sell-side analysts forecast that Baker Hughes Company will post 2.56 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Tuesday, November 10th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, November 10th. Baker Hughes’s dividend payout ratio (DPR) is presently 31.72%.

Insider Buying and Selling at Baker Hughes

In related news, Director John Rice purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were bought at an average cost of $53.10 per share, with a total value of $531,000.00. Following the acquisition, the director owned 77,315 shares of the company’s stock, valued at $4,105,426.50. This trade represents a 14.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.19% of the company’s stock.

About Baker Hughes

Baker Hughes (NASDAQ: BKR) is an energy technology company that provides products and services to the oil and gas industry and other industrial markets. Its offerings include equipment and services used across the energy value chain, from exploration and production to transportation and processing.

The company also develops turbomachinery, industrial equipment, digital technologies and solutions for energy and industrial applications. Its portfolio includes technologies designed to support more efficient operations and lower-emissions energy systems.

Baker Hughes serves customers around the world.