Dynamic Technology Lab Private Ltd acquired a new stake in Baker Hughes (NASDAQ:BKR – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 17,321 shares of the company’s stock, valued at approximately $592,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bruce G. Allen Investments LLC bought a new position in shares of Baker Hughes in the fourth quarter valued at about $33,000. Montag A & Associates Inc. lifted its position in Baker Hughes by 100.0% during the fourth quarter. Montag A & Associates Inc. now owns 1,000 shares of the company’s stock worth $34,000 after acquiring an additional 500 shares during the last quarter. Rational Advisors LLC boosted its holdings in shares of Baker Hughes by 44.0% during the third quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock worth $44,000 after acquiring an additional 382 shares during the period. Clearstead Advisors LLC grew its position in shares of Baker Hughes by 38.2% in the third quarter. Clearstead Advisors LLC now owns 1,523 shares of the company’s stock valued at $54,000 after purchasing an additional 421 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Baker Hughes during the third quarter worth approximately $76,000. 92.06% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, SVP James E. Apostolides sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the transaction, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Baker Hughes news, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the transaction, the senior vice president now owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James E. Apostolides sold 10,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the completion of the sale, the senior vice president now directly owns 14,451 shares in the company, valued at $425,437.44. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Report on Baker Hughes
Baker Hughes Trading Down 0.9 %
NASDAQ BKR opened at $31.81 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $31.75 billion, a P/E ratio of 17.77, a PEG ratio of 0.57 and a beta of 1.44. The business has a fifty day simple moving average of $32.93 and a 200 day simple moving average of $32.22. Baker Hughes has a 12 month low of $26.96 and a 12 month high of $37.58.
Baker Hughes (NASDAQ:BKR – Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. On average, analysts predict that Baker Hughes will post 2.08 EPS for the current fiscal year.
Baker Hughes Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.64%. Baker Hughes’s payout ratio is 46.93%.
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.
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