Cardano Risk Management B.V. Has $174.63 Million Position in Baker Hughes (NASDAQ:BKR)

Cardano Risk Management B.V. reduced its position in shares of Baker Hughes (NASDAQ:BKR) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,257,295 shares of the company’s stock after selling 322,030 shares during the quarter. Baker Hughes accounts for 2.7% of Cardano Risk Management B.V.’s investment portfolio, making the stock its 12th biggest holding. Cardano Risk Management B.V. owned about 0.43% of Baker Hughes worth $174,634,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BKR. Ashton Thomas Securities LLC purchased a new stake in shares of Baker Hughes during the third quarter worth $30,000. True Wealth Design LLC raised its holdings in shares of Baker Hughes by 2,181.6% during 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 in the last quarter. Continuum Advisory LLC raised its holdings in shares of Baker Hughes by 442.2% during the third quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after acquiring an additional 796 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Baker Hughes during the second quarter worth $48,000. Finally, Quarry LP raised its holdings in shares of Baker Hughes by 81.1% during the second quarter. Quarry LP now owns 1,594 shares of the company’s stock worth $56,000 after acquiring an additional 714 shares in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Stock Performance

BKR stock traded up $1.31 during trading on Monday, reaching $44.57. 1,743,584 shares of the stock were exchanged, compared to its average volume of 5,275,438. The company has a market capitalization of $44.10 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Baker Hughes has a twelve month low of $28.32 and a twelve month high of $45.17. The stock has a 50 day simple moving average of $42.28 and a 200-day simple moving average of $38.00.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $6.91 billion during the quarter, compared to analysts’ expectations of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. As a group, sell-side analysts anticipate that Baker Hughes will post 2.29 earnings per share for the current year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Monday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is currently 37.67%.

Analyst Upgrades and Downgrades

Several research firms have commented on BKR. Bank of America increased their target price on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Argus raised shares of Baker Hughes from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Wells Fargo & Company increased their target price on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 17th. TD Cowen lowered their target price on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, Atb Cap Markets downgraded Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.18.

About 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.