Signaturefd LLC Raises Holdings in Baker Hughes (NASDAQ:BKR)

Signaturefd LLC lifted its holdings in shares of Baker Hughes (NASDAQ:BKRFree Report) by 17.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,995 shares of the company’s stock after acquiring an additional 754 shares during the period. Signaturefd LLC’s holdings in Baker Hughes were worth $176,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Rational Advisors LLC purchased a new stake in Baker Hughes in the second quarter valued at approximately $27,000. Jefferies Financial Group Inc. purchased a new stake in Baker Hughes in the fourth quarter valued at approximately $27,000. Hall Laurie J Trustee purchased a new stake in Baker Hughes in the third quarter valued at approximately $28,000. Allworth Financial LP boosted its position in Baker Hughes by 133.8% in the second quarter. Allworth Financial LP now owns 1,017 shares of the company’s stock valued at $32,000 after buying an additional 582 shares during the last quarter. Finally, Miller Wealth Advisors LLC lifted its holdings in Baker Hughes by 6,306.3% in the second quarter. Miller Wealth Advisors LLC now owns 1,025 shares of the company’s stock valued at $32,000 after acquiring an additional 1,009 shares during the period. Hedge funds and other institutional investors own 92.22% of the company’s stock.

Baker Hughes Stock Down 2.2 %

Shares of BKR opened at $29.34 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.25. Baker Hughes has a one year low of $26.12 and a one year high of $37.58. The stock has a market capitalization of $29.52 billion, a price-to-earnings ratio of 15.36 and a beta of 1.43. The stock has a 50 day moving average price of $32.65 and a 200 day moving average price of $34.36.

Baker Hughes (NASDAQ:BKRGet Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. Baker Hughes had a return on equity of 10.63% and a net margin of 7.62%. The firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the previous year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts forecast that Baker Hughes will post 2.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BKR. TD Cowen boosted their price target on Baker Hughes from $46.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Wells Fargo & Company decreased their price target on Baker Hughes from $37.00 to $36.00 and set an “equal weight” rating for the company in a report on Tuesday, October 3rd. Barclays decreased their price target on Baker Hughes from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, January 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $39.00 price target on shares of Baker Hughes in a report on Thursday, January 25th. Finally, Morgan Stanley boosted their price target on Baker Hughes from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, October 17th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $40.18.

Read Our Latest Analysis on BKR

About Baker Hughes

(Free Report)

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). 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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Institutional Ownership by Quarter for Baker Hughes (NASDAQ:BKR)

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