Janus Henderson Group PLC Buys 14,610 Shares of Baker Hughes (NASDAQ:BKR)

Janus Henderson Group PLC boosted its stake in Baker Hughes (NASDAQ:BKR) by 1.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 968,208 shares of the company’s stock after purchasing an additional 14,610 shares during the quarter. Janus Henderson Group PLC owned about 0.10% of Baker Hughes worth $32,432,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BKR. Raymond James & Associates lifted its holdings in shares of Baker Hughes by 13.8% during the 4th quarter. Raymond James & Associates now owns 466,769 shares of the company’s stock worth $15,954,000 after acquiring an additional 56,707 shares during the period. Blue Trust Inc. boosted its holdings in shares of Baker Hughes by 15.5% in the 4th quarter. Blue Trust Inc. now owns 2,432 shares of the company’s stock valued at $85,000 after purchasing an additional 327 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Baker Hughes by 14.6% in the 4th quarter. Ballentine Partners LLC now owns 19,169 shares of the company’s stock valued at $655,000 after purchasing an additional 2,447 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Baker Hughes by 0.5% during the 4th quarter. Arizona State Retirement System now owns 277,494 shares of the company’s stock worth $9,485,000 after buying an additional 1,302 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Baker Hughes by 16.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 494,218 shares of the company’s stock worth $16,902,000 after buying an additional 69,571 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Up 1.7 %

Shares of Baker Hughes stock traded up $0.66 during midday trading on Wednesday, reaching $38.90. The company had a trading volume of 2,329,300 shares, compared to its average volume of 7,581,812. The stock has a fifty day moving average price of $33.85 and a 200 day moving average price of $32.34. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $38.99. The firm has a market cap of $38.82 billion, a PE ratio of 21.36, a P/E/G ratio of 0.64 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 0.86.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Baker Hughes had a net margin of 7.37% and a return on equity of 12.45%. The firm had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same quarter in the previous year, the company earned $0.39 EPS. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. On average, equities analysts anticipate that Baker Hughes will post 2.15 earnings per share for the current year.

Baker Hughes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Tuesday, August 6th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.84 dividend on an annualized basis and a yield of 2.16%. Baker Hughes’s dividend payout ratio (DPR) is currently 46.93%.

Insiders Place Their Bets

In related news, EVP Maria C. Borras sold 55,980 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the sale, the executive vice president now owns 92,035 shares in the company, valued at approximately $2,945,120. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BKR. TD Cowen lifted their target price on Baker Hughes from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Monday. Susquehanna lifted their price target on shares of Baker Hughes from $40.00 to $46.00 and gave the company a “positive” rating in a report on Monday. Jefferies Financial Group increased their price objective on shares of Baker Hughes from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price on shares of Baker Hughes from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Morgan Stanley increased their price target on Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.00.

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.