Baker Hughes Company $BKR Stock Position Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in shares of Baker Hughes Company (NASDAQ:BKR) by 23.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 458,415 shares of the company’s stock after buying an additional 88,536 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Baker Hughes were worth $22,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its stake in Baker Hughes by 80.6% in the third quarter. D.A. Davidson & CO. now owns 99,014 shares of the company’s stock valued at $4,824,000 after acquiring an additional 44,175 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Baker Hughes by 2.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 407,193 shares of the company’s stock valued at $19,838,000 after purchasing an additional 8,153 shares in the last quarter. Synergy Asset Management LLC acquired a new stake in shares of Baker Hughes in the 3rd quarter valued at $1,920,000. GAM Holding AG bought a new stake in Baker Hughes in the third quarter worth $250,000. Finally, Tectonic Advisors LLC increased its position in Baker Hughes by 6.9% during the third quarter. Tectonic Advisors LLC now owns 12,055 shares of the company’s stock worth $587,000 after buying an additional 780 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Baker Hughes from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 30th. Zephirin Group boosted their target price on Baker Hughes from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, October 2nd. Stifel Nicolaus upped their target price on Baker Hughes from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. BMO Capital Markets lifted their price target on shares of Baker Hughes from $53.00 to $55.00 in a research report on Tuesday, November 11th. Finally, Piper Sandler boosted their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Twenty-three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average target price of $53.92.

Baker Hughes Price Performance

Shares of Baker Hughes stock opened at $50.20 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. Baker Hughes Company has a fifty-two week low of $33.60 and a fifty-two week high of $51.12. The firm has a fifty day moving average price of $47.68 and a two-hundred day moving average price of $45.54. The company has a market cap of $49.54 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 1.72 and a beta of 0.89.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $5.09 billion for the quarter. Baker Hughes had a net margin of 10.43% and a return on equity of 14.22%. Analysts expect that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Tuesday, November 4th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, November 4th. Baker Hughes’s payout ratio is currently 31.72%.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.