Knights of Columbus Asset Advisors LLC Acquires 5,970 Shares of Baker Hughes (NASDAQ:BKR)

Knights of Columbus Asset Advisors LLC increased its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 55.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 16,709 shares of the company's stock after buying an additional 5,970 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in Baker Hughes were worth $685,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of BKR. JFS Wealth Advisors LLC boosted its stake in shares of Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after buying an additional 386 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Baker Hughes in the fourth quarter worth about $30,000. Larson Financial Group LLC grew its stake in shares of Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after purchasing an additional 216 shares during the period. True Wealth Design LLC increased its position in shares of Baker Hughes by 2,181.6% during the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company's stock valued at $31,000 after purchasing an additional 829 shares during the last quarter. Finally, Groupama Asset Managment lifted its stake in shares of Baker Hughes by 1,045.1% in the 3rd quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock worth $32,000 after purchasing an additional 811,711 shares during the period. Institutional investors own 92.06% of the company's stock.

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Baker Hughes Trading Up 1.3 %

Baker Hughes stock traded up $0.58 during midday trading on Tuesday, reaching $45.18. The stock had a trading volume of 7,473,736 shares, compared to its average volume of 6,286,726. The firm has a market cap of $44.73 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. The company has a fifty day moving average of $44.96 and a 200 day moving average of $41.50. Baker Hughes has a 52-week low of $30.93 and a 52-week high of $49.40. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. On average, analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.04%. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 11th. Baker Hughes's payout ratio is 30.87%.

Analysts Set New Price Targets

A number of brokerages have commented on BKR. Royal Bank of Canada upped their target price on shares of Baker Hughes from $49.00 to $53.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. TD Cowen reduced their price objective on Baker Hughes from $53.00 to $51.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Evercore ISI lifted their target price on Baker Hughes from $46.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Barclays upped their price target on shares of Baker Hughes from $51.00 to $55.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 4th. Finally, Atb Cap Markets downgraded shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $51.06.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.25% of the company's stock.

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.