Sciencast Management LP Acquires 19,225 Shares of Baker Hughes (NASDAQ:BKR)

Sciencast Management LP lifted its holdings in shares of Baker Hughes (NASDAQ:BKR) by 301.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 25,593 shares of the company’s stock after acquiring an additional 19,225 shares during the period. Sciencast Management LP’s holdings in Baker Hughes were worth $857,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Blue Trust Inc. lifted its stake in Baker Hughes by 15.5% during the fourth quarter. Blue Trust Inc. now owns 2,432 shares of the company’s stock worth $85,000 after purchasing an additional 327 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Baker Hughes by 6.6% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,400 shares of the company’s stock valued at $219,000 after buying an additional 398 shares in the last quarter. Aspire Private Capital LLC boosted its stake in Baker Hughes by 9.3% in the 4th quarter. Aspire Private Capital LLC now owns 5,733 shares of the company’s stock valued at $196,000 after buying an additional 486 shares in the last quarter. Checchi Capital Advisers LLC grew its position in Baker Hughes by 6.4% in the first quarter. Checchi Capital Advisers LLC now owns 8,151 shares of the company’s stock valued at $273,000 after acquiring an additional 490 shares during the period. Finally, Montag A & Associates Inc. lifted its holdings in shares of Baker Hughes by 100.0% during the fourth quarter. Montag A & Associates Inc. now owns 1,000 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. UBS Group upped their target price on shares of Baker Hughes from $35.00 to $36.00 in a report on Tuesday, April 23rd. Susquehanna reissued a “positive” rating and issued a $40.00 target price on shares of Baker Hughes in a report on Monday, April 8th. Jefferies Financial Group raised their price target on Baker Hughes from $45.00 to $46.00 and gave the company a “buy” rating in a report on Friday, June 28th. Benchmark reissued a “buy” rating and issued a $40.00 price objective on shares of Baker Hughes in a research note on Wednesday, April 24th. Finally, Morgan Stanley raised their target price on Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.27.

Baker Hughes Trading Down 0.0 %

BKR traded down $0.01 during trading on Friday, reaching $34.50. 4,747,994 shares of the company’s stock were exchanged, compared to its average volume of 7,668,414. The company’s fifty day moving average price is $32.96 and its 200-day moving average price is $32.09. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.25. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $37.58. The firm has a market capitalization of $34.43 billion, a PE ratio of 19.27, a P/E/G ratio of 0.58 and a beta of 1.41.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. The firm had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.37 billion. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. As a group, equities analysts forecast that Baker Hughes will post 2.09 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Friday, May 3rd. Baker Hughes’s dividend payout ratio is currently 46.93%.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 55,980 shares of Baker Hughes stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $32.00, for a total value of $1,791,360.00. Following the sale, the executive vice president now owns 92,035 shares of the company’s stock, valued at approximately $2,945,120. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.

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.