Baker Hughes (NASDAQ:BKR) Shares Sold by V Square Quantitative Management LLC

V Square Quantitative Management LLC decreased its position in Baker Hughes (NASDAQ:BKR) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,107 shares of the company’s stock after selling 727 shares during the quarter. V Square Quantitative Management LLC’s holdings in Baker Hughes were worth $866,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Baker Hughes during the 3rd quarter valued at $30,000. True Wealth Design LLC raised its position in Baker Hughes by 2,181.6% during the third quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after buying an additional 829 shares during the period. Continuum Advisory LLC raised its position in Baker Hughes by 442.2% during the third quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock valued at $35,000 after buying an additional 796 shares during the period. Eastern Bank increased its position in Baker Hughes by 598.4% in the 4th quarter. Eastern Bank now owns 1,739 shares of the company’s stock worth $71,000 after purchasing an additional 1,490 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Baker Hughes in the 3rd quarter worth about $103,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insider Buying and Selling

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is owned by insiders.

Baker Hughes Trading Up 0.5 %

BKR opened at $46.40 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The firm has a market capitalization of $45.91 billion, a PE ratio of 15.57, a P/E/G ratio of 2.07 and a beta of 1.39. Baker Hughes has a fifty-two week low of $28.66 and a fifty-two week high of $49.40. The company’s 50-day moving average is $43.71 and its 200 day moving average is $39.78.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, research analysts predict that Baker Hughes will post 2.57 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 1.98%. Baker Hughes’s dividend payout ratio (DPR) is 30.87%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BKR shares. Jefferies Financial Group upped their price target on Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Benchmark reaffirmed a “buy” rating and issued a $57.00 price target on shares of Baker Hughes in a report on Tuesday. Argus raised Baker Hughes from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price target on Baker Hughes from $48.00 to $54.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Finally, Citigroup upped their price target on Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.06.

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.