Janus Henderson Group PLC Sells 317,129 Shares of Baker Hughes (NASDAQ:BKR)

Janus Henderson Group PLC cut its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 33.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 642,145 shares of the company's stock after selling 317,129 shares during the period. Janus Henderson Group PLC owned 0.06% of Baker Hughes worth $23,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BKR. National Pension Service increased its holdings in shares of Baker Hughes by 6.4% in the third quarter. National Pension Service now owns 1,362,973 shares of the company's stock valued at $49,271,000 after purchasing an additional 81,625 shares during the last quarter. Hixon Zuercher LLC acquired a new position in Baker Hughes in the 3rd quarter valued at about $1,980,000. Wedge Capital Management L L P NC raised its holdings in Baker Hughes by 20.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 726,291 shares of the company's stock valued at $25,544,000 after acquiring an additional 123,689 shares during the period. Banque Cantonale Vaudoise raised its holdings in Baker Hughes by 76.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 122,661 shares of the company's stock valued at $4,434,000 after acquiring an additional 53,006 shares during the period. Finally, AQR Capital Management LLC lifted its position in Baker Hughes by 7.6% during the second quarter. AQR Capital Management LLC now owns 6,424,915 shares of the company's stock worth $223,523,000 after acquiring an additional 455,307 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Price Performance

Shares of Baker Hughes stock traded down $1.20 during midday trading on Friday, hitting $41.31. 7,455,021 shares of the company traded hands, compared to its average volume of 5,830,159. The stock has a market cap of $40.88 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 0.72 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. The firm's fifty day moving average price is $40.07 and its 200-day moving average price is $36.39. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $45.17.

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

Baker Hughes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes's dividend payout ratio (DPR) is currently 37.67%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BKR shares. Stifel Nicolaus increased their target price on Baker Hughes from $45.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Wells Fargo & Company upgraded Baker Hughes from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $40.00 to $42.00 in a research report on Wednesday, September 25th. Susquehanna boosted their target price on shares of Baker Hughes from $46.00 to $48.00 and gave the company a "positive" rating in a research report on Thursday, October 24th. Barclays upped their price target on shares of Baker Hughes from $41.00 to $46.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Finally, Morgan Stanley lifted their price objective on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $44.76.

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.