Todd Asset Management LLC Takes Position in Baker Hughes (NASDAQ:BKR)

Todd Asset Management LLC purchased a new stake in shares of Baker Hughes (NASDAQ:BKR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 585,095 shares of the company’s stock, valued at approximately $19,999,000. Todd Asset Management LLC owned 0.06% of Baker Hughes as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC bought a new stake in Baker Hughes in the 4th quarter valued at about $33,000. OFI Invest Asset Management purchased a new stake in shares of Baker Hughes during the 3rd quarter valued at approximately $36,000. Rational Advisors LLC lifted its stake in shares of Baker Hughes by 44.0% during the 3rd quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock valued at $44,000 after buying an additional 382 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in Baker Hughes by 38.2% in the 3rd quarter. Clearstead Advisors LLC now owns 1,523 shares of the company’s stock worth $54,000 after buying an additional 421 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Baker Hughes in the 3rd quarter valued at about $76,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insiders Place Their Bets

In other news, SVP James E. Apostolides sold 5,000 shares of the stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the transaction, the senior vice president now owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP James E. Apostolides sold 5,000 shares of the company’s stock in a transaction dated 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 directly owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James E. Apostolides sold 10,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the completion of the transaction, the senior vice president now owns 14,451 shares of the company’s stock, valued at $425,437.44. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

Baker Hughes Trading Up 0.6 %

BKR traded up $0.20 during midday trading on Friday, reaching $31.92. 3,701,570 shares of the company’s stock traded hands, compared to its average volume of 6,190,016. The stock has a market capitalization of $31.95 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 0.55 and a beta of 1.44. Baker Hughes has a 52 week low of $26.96 and a 52 week high of $37.58. The firm has a fifty day moving average of $32.35 and a two-hundred day moving average of $32.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.84.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. On average, equities analysts anticipate that Baker Hughes will post 2.08 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, May 3rd. Baker Hughes’s payout ratio is currently 46.93%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BKR. Susquehanna reaffirmed a “positive” rating and issued a $40.00 target price on shares of Baker Hughes in a research note on Monday, April 8th. Barclays cut their target price on shares of Baker Hughes from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $39.00 price target on shares of Baker Hughes in a research note on Thursday, February 1st. Wolfe Research cut Baker Hughes from an “outperform” rating to a “peer perform” rating in a report on Monday, January 29th. Finally, TD Cowen boosted their target price on Baker Hughes from $46.00 to $49.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and an average price target of $40.94.

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.