Reinhart Partners LLC. Sells 51,809 Shares of Baker Hughes (NASDAQ:BKR)

Reinhart Partners LLC. decreased its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 249,561 shares of the company's stock after selling 51,809 shares during the period. Reinhart Partners LLC.'s holdings in Baker Hughes were worth $10,237,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BKR. Ashton Thomas Securities LLC acquired a new stake in shares of Baker Hughes during the 3rd quarter valued at $30,000. True Wealth Design LLC boosted its stake in shares of Baker Hughes by 2,181.6% during the third quarter. True Wealth Design LLC now owns 867 shares of the company's stock valued at $31,000 after purchasing an additional 829 shares in the last quarter. Groupama Asset Managment grew its holdings in shares of Baker Hughes by 1,045.1% during the third 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 last quarter. Continuum Advisory LLC increased its stake in shares of Baker Hughes by 442.2% in the third quarter. Continuum Advisory LLC now owns 976 shares of the company's stock valued at $35,000 after buying an additional 796 shares during the period. Finally, Headlands Technologies LLC bought a new position in Baker Hughes in the 2nd quarter valued at approximately $48,000. Institutional investors and hedge funds own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

BKR has been the subject of several recent research reports. TD Cowen decreased their price target on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. BMO Capital Markets increased their price objective on Baker Hughes from $43.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday, October 10th. Susquehanna lifted their target price on Baker Hughes from $46.00 to $48.00 and gave the stock a "positive" rating in a report on Thursday, October 24th. Atb Cap Markets downgraded Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 10th. Finally, Royal Bank of Canada increased their target price on shares of Baker Hughes from $43.00 to $49.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $47.18.

Baker Hughes Stock Up 3.6 %

NASDAQ BKR traded up $1.57 on Monday, reaching $44.83. The company had a trading volume of 7,480,742 shares, compared to its average volume of 6,134,666. The company's fifty day moving average is $42.41 and its 200 day moving average is $38.07. The stock has a market capitalization of $44.36 billion, a P/E ratio of 20.10, a P/E/G ratio of 0.72 and a beta of 1.39. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. 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 issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.06. The business had revenue of $6.91 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. Sell-side analysts anticipate that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes's dividend payout ratio is presently 37.67%.

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.