Robeco Institutional Asset Management B.V. Has $72.37 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

Robeco Institutional Asset Management B.V. lifted its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 63.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,001,870 shares of the company's stock after acquiring an additional 780,417 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.20% of Baker Hughes worth $72,368,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in shares of Baker Hughes in the 1st quarter valued at $34,000. Alta Advisers Ltd acquired a new position in Baker Hughes in the second quarter valued at about $42,000. Headlands Technologies LLC bought a new position in Baker Hughes during the second quarter worth about $48,000. Quarry LP boosted its holdings in Baker Hughes by 81.1% during the second quarter. Quarry LP now owns 1,594 shares of the company's stock worth $56,000 after buying an additional 714 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Baker Hughes by 18.4% during the 2nd quarter. UMB Bank n.a. now owns 1,873 shares of the company's stock worth $66,000 after buying an additional 291 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Insiders Place Their Bets

In related news, CEO Lorenzo Simonelli sold 114,286 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $35.00, for a total transaction of $4,000,010.00. Following the completion of the sale, the chief executive officer now owns 502,053 shares of the company's stock, valued at $17,571,855. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.25% of the company's stock.

Baker Hughes Stock Performance

Baker Hughes stock traded up $0.41 during trading hours on Tuesday, hitting $38.58. The company had a trading volume of 3,258,026 shares, compared to its average volume of 7,200,907. Baker Hughes has a one year low of $28.32 and a one year high of $39.05. The firm has a market cap of $38.18 billion, a PE ratio of 17.12, a PEG ratio of 0.64 and a beta of 1.38. The firm has a 50-day moving average of $36.04 and a 200 day moving average of $34.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly 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. The business 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%. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. On average, sell-side analysts expect that Baker Hughes will post 2.28 earnings per share for the current year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 4th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Monday, November 4th. Baker Hughes's dividend payout ratio is currently 37.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BKR shares. Jefferies Financial Group boosted their price objective on shares of Baker Hughes from $46.00 to $48.00 and gave the company a "buy" rating in a report on Monday, July 29th. Bank of America lowered their price objective on shares of Baker Hughes from $40.00 to $38.00 and set a "buy" rating for the company in a research report on Monday, July 15th. Barclays boosted their target price on Baker Hughes from $41.00 to $46.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. raised their price target on Baker Hughes from $42.00 to $43.00 and gave the stock an "overweight" rating in a research report on Monday, July 29th. Finally, TD Cowen boosted their price objective on Baker Hughes from $46.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Baker Hughes has an average rating of "Moderate Buy" and a consensus target price of $44.12.

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.