Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 480,851 shares of the company's stock after buying an additional 44,196 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Baker Hughes were worth $19,725,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of BKR. JFS Wealth Advisors LLC grew its stake in Baker Hughes by 135.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after acquiring an additional 386 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Baker Hughes in the 4th quarter worth approximately $30,000. Larson Financial Group LLC boosted its stake in shares of Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after buying an additional 216 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Baker Hughes during the 3rd quarter valued at $30,000. Finally, True Wealth Design LLC increased its stake in shares of Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company's stock worth $31,000 after acquiring an additional 829 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.
In related news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction dated Monday, January 27th. The shares were 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 $7,758,730.54. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.25% of the company's stock.
BKR traded up $0.63 on Wednesday, hitting $42.48. 7,128,810 shares of the stock traded hands, compared to its average volume of 6,304,067. The business has a fifty day moving average price of $44.84 and a two-hundred day moving average price of $40.94. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40. The firm has a market capitalization of $42.06 billion, a PE ratio of 14.26, a P/E/G ratio of 2.00 and a beta of 1.30.
Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping 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%. On average, research analysts predict that Baker Hughes will post 2.59 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.17%. The ex-dividend date was Tuesday, February 11th. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's dividend payout ratio is 30.87%.
Several research analysts have weighed in on BKR shares. Barclays upped their target price on Baker Hughes from $51.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Susquehanna increased their price objective on Baker Hughes from $53.00 to $55.00 and gave the stock a "positive" rating in a report on Monday, February 3rd. Benchmark reiterated a "buy" rating and issued a $57.00 target price on shares of Baker Hughes in a research note on Tuesday, February 11th. Evercore ISI increased their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Finally, Royal Bank of Canada upped their price objective on shares of Baker Hughes from $49.00 to $53.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.06.
Check Out Our Latest Report on Baker Hughes
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.
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