Robeco Institutional Asset Management B.V. Sells 239,416 Shares of Baker Hughes (NASDAQ:BKR)

Robeco Institutional Asset Management B.V. lowered its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 12.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,762,454 shares of the company's stock after selling 239,416 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.18% of Baker Hughes worth $72,296,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Baker Hughes during the 3rd quarter valued at approximately $30,000. True Wealth Design LLC boosted its position in Baker Hughes by 2,181.6% during the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company's stock worth $31,000 after acquiring an additional 829 shares during the period. Groupama Asset Managment boosted its position in Baker Hughes by 1,045.1% during the 3rd quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock worth $32,000 after acquiring an additional 811,711 shares during the period. Continuum Advisory LLC boosted its position in Baker Hughes by 442.2% during the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company's stock worth $35,000 after acquiring an additional 796 shares during the period. Finally, Quarry LP boosted its position in Baker Hughes by 81.1% during the 2nd quarter. Quarry LP now owns 1,594 shares of the company's stock worth $56,000 after acquiring an additional 714 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Stock Up 3.6 %

NASDAQ:BKR traded up $1.53 during trading hours on Thursday, hitting $44.60. 11,028,736 shares of the company's stock traded hands, compared to its average volume of 7,099,427. The firm has a market cap of $44.13 billion, a P/E ratio of 20.00, a P/E/G ratio of 0.88 and a beta of 1.39. Baker Hughes has a twelve month low of $28.32 and a twelve month high of $47.47. 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 stock's fifty day moving average price is $43.00 and its two-hundred day moving average price is $38.96.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.07. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. On average, research analysts expect that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.06%. This is a positive change from Baker Hughes's previous quarterly dividend of $0.21. Baker Hughes's payout ratio is presently 37.67%.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now owns 173,302 shares in the company, valued at $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The sale 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BKR. Benchmark reiterated a "buy" rating and set a $42.00 price target on shares of Baker Hughes in a research report on Thursday, October 24th. Morgan Stanley boosted their price objective on Baker Hughes from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, October 3rd. The Goldman Sachs Group boosted their price objective on Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Piper Sandler started coverage on Baker Hughes in a research note on Thursday, December 19th. They issued an "overweight" rating and a $53.00 price objective on the stock. Finally, Evercore ISI boosted their price objective on Baker Hughes from $46.00 to $52.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.06.

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.