Kovitz Investment Group Partners LLC Has $5.37 Million Holdings in Baker Hughes (NASDAQ:BKR)

Kovitz Investment Group Partners LLC increased its position in Baker Hughes (NASDAQ:BKR - Free Report) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,007 shares of the company's stock after purchasing an additional 14,504 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Baker Hughes were worth $5,374,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKR. Hotchkis & Wiley Capital Management LLC increased its position in shares of Baker Hughes by 34.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock worth $394,775,000 after purchasing an additional 2,811,940 shares during the last quarter. Eagle Asset Management Inc. grew its position in shares of Baker Hughes by 18.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 5,486,207 shares of the company's stock worth $198,326,000 after purchasing an additional 860,219 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Baker Hughes by 436.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,004,647 shares of the company's stock worth $36,318,000 after purchasing an additional 817,227 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Baker Hughes by 63.9% in 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 buying an additional 780,417 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Baker Hughes during the third quarter worth $27,914,000. 92.06% of the stock is owned by institutional investors.

Baker Hughes Price Performance

Shares of NASDAQ:BKR traded up $0.12 during trading on Monday, reaching $41.43. The stock had a trading volume of 7,336,789 shares, compared to its average volume of 7,147,771. 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 stock has a market capitalization of $41.00 billion, a PE ratio of 18.58, a P/E/G ratio of 0.70 and a beta of 1.40. The business's 50-day moving average price is $40.07 and its 200 day moving average price is $36.39. Baker Hughes has a 52 week low of $28.32 and a 52 week high of $45.17.

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

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes's dividend payout ratio is 37.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BKR shares. Stifel Nicolaus raised their price target on shares of Baker Hughes from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Monday, November 25th. Citigroup raised their price target on shares of Baker Hughes from $42.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Barclays boosted their target price on Baker Hughes from $41.00 to $46.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Morgan Stanley increased their price target on shares of Baker Hughes from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $43.00 price target on shares of Baker Hughes in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Baker Hughes currently has a consensus rating of "Moderate Buy" and a consensus price target 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.