B. Metzler seel. Sohn & Co. Holding AG Takes $27.91 Million Position in Baker Hughes (NASDAQ:BKR)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 772,163 shares of the company's stock, valued at approximately $27,914,000. B. Metzler seel. Sohn & Co. Holding AG owned 0.08% of Baker Hughes at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BKR. Price T Rowe Associates Inc. MD raised its holdings in Baker Hughes by 32.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,364,995 shares of the company's stock valued at $581,729,000 after acquiring an additional 4,207,973 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in Baker Hughes by 63.9% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,001,870 shares of the company's stock valued at $72,368,000 after purchasing an additional 780,417 shares during the period. Legal & General Group Plc boosted its stake in Baker Hughes by 8.6% in the 2nd quarter. Legal & General Group Plc now owns 8,723,388 shares of the company's stock worth $306,801,000 after purchasing an additional 692,859 shares during the period. Dimensional Fund Advisors LP grew its stake in Baker Hughes by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 9,898,322 shares of the company's stock valued at $348,074,000 after acquiring an additional 680,621 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of Baker Hughes in the second quarter worth about $20,777,000. Institutional investors own 92.06% of the company's stock.

Analysts Set New Price Targets

BKR has been the topic of several recent research reports. Wells Fargo & Company upgraded shares of Baker Hughes from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $40.00 to $42.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. lifted their price objective on shares of Baker Hughes from $42.00 to $43.00 and gave the company an "overweight" rating in a report on Monday, July 29th. Benchmark reiterated a "buy" rating and issued a $42.00 target price on shares of Baker Hughes in a report on Thursday, October 24th. TD Cowen lifted their price objective on Baker Hughes from $46.00 to $50.00 and gave the company a "buy" rating in a report on Monday, July 29th. Finally, Evercore ISI increased their target price on shares of Baker Hughes from $42.00 to $46.00 and gave the stock an "outperform" rating in a report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $44.59.

Baker Hughes Stock Down 0.5 %

NASDAQ BKR traded down $0.20 during trading on Tuesday, hitting $42.87. The company's stock had a trading volume of 3,552,326 shares, compared to its average volume of 7,213,749. The company has a market cap of $42.42 billion, a PE ratio of 19.31, a P/E/G ratio of 0.72 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. The business's 50 day simple moving average is $37.67 and its 200-day simple moving average is $35.31. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $44.49.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.42 earnings per share. On average, equities analysts anticipate that Baker Hughes will post 2.29 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a $0.21 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.96%. Baker Hughes's dividend payout ratio is currently 37.67%.

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.