UMB Bank n.a. Grows Stake in Baker Hughes (NASDAQ:BKR)

UMB Bank n.a. boosted its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 3,901.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,223 shares of the company's stock after buying an additional 81,143 shares during the quarter. UMB Bank n.a.'s holdings in Baker Hughes were worth $3,414,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Geode Capital Management LLC lifted its holdings in Baker Hughes by 0.5% during the third quarter. Geode Capital Management LLC now owns 24,078,093 shares of the company's stock worth $867,514,000 after acquiring an additional 123,172 shares during the period. Hotchkis & Wiley Capital Management LLC raised its stake 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Baker Hughes by 1.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,633,006 shares of the company's stock worth $348,233,000 after buying an additional 145,537 shares during the last quarter. Legal & General Group Plc grew its position in Baker Hughes by 8.6% during the second quarter. Legal & General Group Plc now owns 8,723,388 shares of the company's stock valued at $306,801,000 after buying an additional 692,859 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Baker Hughes by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,951,703 shares of the company's stock worth $251,304,000 after buying an additional 22,383 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler began coverage on Baker Hughes in a report on Thursday, December 19th. They issued an "overweight" rating and a $53.00 price objective for the company. Benchmark reissued a "buy" rating and issued a $42.00 price target on shares of Baker Hughes in a research report on Thursday, October 24th. Atb Cap Markets downgraded shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of Baker Hughes from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, October 3rd. Finally, Citigroup raised their price target on Baker Hughes from $42.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, Baker Hughes presently has an average rating of "Moderate Buy" and an average price target of $47.53.

Baker Hughes Trading Up 1.1 %

Shares of NASDAQ BKR traded up $0.50 during midday trading on Tuesday, hitting $47.04. 9,637,943 shares of the company traded hands, compared to its average volume of 6,847,145. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $47.47. The stock has a 50-day moving average price of $42.78 and a 200 day moving average price of $38.47. The firm has a market cap of $46.55 billion, a P/E ratio of 21.09, a P/E/G ratio of 0.89 and a beta of 1.39.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued 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 company had revenue of $6.91 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share. As a group, analysts expect that Baker Hughes will post 2.29 earnings per share for the current year.

About Baker Hughes

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.