Lmcg Investments LLC Has $3.69 Million Stake in Baker Hughes Company $BKR

Lmcg Investments LLC decreased its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 96,169 shares of the company’s stock after selling 3,600 shares during the quarter. Lmcg Investments LLC’s holdings in Baker Hughes were worth $3,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. JB Capital LLC grew its position in Baker Hughes by 0.5% in the 2nd quarter. JB Capital LLC now owns 82,314 shares of the company’s stock valued at $3,156,000 after purchasing an additional 447 shares during the period. Cardano Risk Management B.V. grew its position in Baker Hughes by 20.4% in the 2nd quarter. Cardano Risk Management B.V. now owns 4,949,808 shares of the company’s stock valued at $189,776,000 after purchasing an additional 838,333 shares during the period. Callan Family Office LLC grew its position in Baker Hughes by 217.6% in the 2nd quarter. Callan Family Office LLC now owns 120,200 shares of the company’s stock valued at $4,608,000 after purchasing an additional 82,359 shares during the period. US Bancorp DE grew its position in Baker Hughes by 262.3% in the 2nd quarter. US Bancorp DE now owns 287,741 shares of the company’s stock valued at $11,032,000 after purchasing an additional 208,323 shares during the period. Finally, Baxter Bros Inc. grew its position in Baker Hughes by 100.0% in the 2nd quarter. Baxter Bros Inc. now owns 43,640 shares of the company’s stock valued at $1,673,000 after purchasing an additional 21,815 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insider Buying and Selling

In related news, CAO Rebecca L. Charlton sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $50,000.00. Following the transaction, the chief accounting officer directly owned 11,772 shares of the company’s stock, valued at approximately $588,600. The trade was a 7.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the executive vice president directly owned 40,520 shares in the company, valued at $2,026,000. This trade represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 553,068 shares of company stock valued at $24,712,651. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on BKR shares. Seaport Res Ptn downgraded shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 29th. Capital One Financial lifted their price target on shares of Baker Hughes from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Susquehanna lifted their price target on shares of Baker Hughes from $52.00 to $56.00 and gave the company a “positive” rating in a research report on Thursday, October 2nd. Zephirin Group lifted their price target on shares of Baker Hughes from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, October 2nd. Finally, Royal Bank Of Canada lifted their price objective on shares of Baker Hughes from $50.00 to $54.00 and gave the stock an “outperform” rating in a report on Thursday. Twenty-two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.57.

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $45.04 on Friday. The company’s 50-day moving average is $45.93 and its 200 day moving average is $41.34. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The company has a market capitalization of $44.40 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99. Baker Hughes Company has a fifty-two week low of $33.60 and a fifty-two week high of $50.92.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Friday, November 18th. The company reported $0.16 earnings per share for the quarter. The company had revenue of $5.09 billion for the quarter. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. On average, equities research analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s payout ratio is 30.07%.

Baker Hughes Company 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.