Banque Cantonale Vaudoise Has $4.43 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

Banque Cantonale Vaudoise boosted its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 76.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 122,661 shares of the company's stock after acquiring an additional 53,006 shares during the quarter. Banque Cantonale Vaudoise's holdings in Baker Hughes were worth $4,434,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Caprock Group LLC raised its stake in Baker Hughes by 11.4% during the third quarter. Caprock Group LLC now owns 33,955 shares of the company's stock worth $1,227,000 after acquiring an additional 3,475 shares in the last quarter. Quest Partners LLC increased its position in shares of Baker Hughes by 446,900.0% during the 3rd quarter. Quest Partners LLC now owns 4,470 shares of the company's stock worth $162,000 after purchasing an additional 4,469 shares in the last quarter. AMG National Trust Bank lifted its holdings in Baker Hughes by 18.7% during the 3rd quarter. AMG National Trust Bank now owns 9,438 shares of the company's stock valued at $341,000 after purchasing an additional 1,487 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Baker Hughes by 90.4% in the third quarter. Thrivent Financial for Lutherans now owns 447,673 shares of the company's stock valued at $16,183,000 after buying an additional 212,520 shares in the last quarter. Finally, Cardano Risk Management B.V. increased its holdings in shares of Baker Hughes by 1.8% during the third quarter. Cardano Risk Management B.V. now owns 4,579,325 shares of the company's stock worth $165,543,000 after buying an additional 82,272 shares in the last quarter. Institutional investors own 92.06% of the company's stock.

Baker Hughes Price Performance

BKR traded up $1.44 on Wednesday, hitting $44.31. 8,103,073 shares of the stock were exchanged, compared to its average volume of 7,217,699. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $44.49. The business has a 50-day moving average of $38.09 and a two-hundred day moving average of $35.45. 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 firm has a market capitalization of $43.85 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 0.72 and a beta of 1.38.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The firm's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.42 EPS. Sell-side analysts forecast that Baker Hughes will post 2.29 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date was Monday, November 4th. Baker Hughes's dividend payout ratio is presently 37.67%.

Analyst Ratings Changes

Several analysts have recently commented on BKR shares. Benchmark restated a "buy" rating and set a $42.00 target price on shares of Baker Hughes in a report on Thursday, October 24th. Argus raised Baker Hughes from a "hold" rating to a "buy" rating in a research note on Friday, October 25th. BMO Capital Markets lifted their price target on shares of Baker Hughes from $43.00 to $45.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. The Goldman Sachs Group boosted their price objective on shares of Baker Hughes from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Finally, Citigroup lifted their target price on Baker Hughes from $42.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $44.59.

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.