Inspire Investing LLC Sells 2,597 Shares of Baker Hughes (NASDAQ:BKR)

Inspire Investing LLC lowered its position in Baker Hughes (NASDAQ:BKR) by 11.1% in the 4th quarter, Holdings Channel reports. The fund owned 20,754 shares of the company’s stock after selling 2,597 shares during the quarter. Inspire Investing LLC’s holdings in Baker Hughes were worth $851,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKR. Geode Capital Management LLC grew its stake in Baker Hughes by 0.5% in the third quarter. Geode Capital Management LLC now owns 24,078,093 shares of the company’s stock worth $867,514,000 after purchasing an additional 123,172 shares during the period. Hotchkis & Wiley Capital Management LLC grew its position in shares of Baker Hughes by 34.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company’s stock worth $394,775,000 after buying an additional 2,811,940 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 acquiring an additional 145,537 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Baker Hughes by 8.6% in the 2nd quarter. Legal & General Group Plc now owns 8,723,388 shares of the company’s stock worth $306,801,000 after acquiring an additional 692,859 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Baker Hughes by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,951,703 shares of the company’s stock valued at $251,304,000 after acquiring an additional 22,383 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Price Performance

Shares of BKR opened at $45.66 on Friday. The firm has a market cap of $45.18 billion, a PE ratio of 20.48, a P/E/G ratio of 0.90 and a beta of 1.39. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $47.47. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $42.91 and a two-hundred day simple moving average of $38.61.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $6.91 billion during 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%. Baker Hughes’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.42 earnings per share. On average, equities analysts anticipate that Baker Hughes will post 2.29 EPS for the current year.

Analysts Set New Price Targets

BKR has been the subject of a number of analyst reports. Jefferies Financial Group raised their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Stifel Nicolaus raised their price objective on Baker Hughes from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, November 25th. TD Cowen dropped their target price on Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company raised their price target on Baker Hughes from $42.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, December 17th. Finally, Benchmark reiterated a “buy” rating and issued a $42.00 price target on shares of Baker Hughes in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.