Thompson Siegel & Walmsley LLC Reduces Stock Holdings in Baker Hughes (NASDAQ:BKR)

Thompson Siegel & Walmsley LLC lowered its position in Baker Hughes (NASDAQ:BKR) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,746 shares of the company’s stock after selling 660 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Baker Hughes were worth $4,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of BKR. Ashton Thomas Securities LLC purchased a new position in shares of Baker Hughes during the 3rd quarter worth approximately $30,000. New Covenant Trust Company N.A. acquired a new stake in shares of Baker Hughes during the first quarter worth $34,000. Alta Advisers Ltd purchased a new stake in shares of Baker Hughes in the second quarter valued at $42,000. Headlands Technologies LLC acquired a new stake in Baker Hughes in the 2nd quarter worth about $48,000. Finally, Quarry LP grew its holdings in Baker Hughes by 81.1% in the second quarter. Quarry LP now owns 1,594 shares of the company’s stock valued at $56,000 after purchasing an additional 714 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BKR. Jefferies Financial Group lifted their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 29th. Evercore ISI raised their price target on shares of Baker Hughes from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Susquehanna increased their price objective on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a research report on Thursday, October 24th. UBS Group reduced their target price on shares of Baker Hughes from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Finally, JPMorgan Chase & Co. raised their price objective on Baker Hughes from $42.00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, July 29th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.59.

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $44.94 on Friday. The stock has a market cap of $44.46 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 0.72 and a beta of 1.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $45.17. The stock’s 50 day moving average price is $38.33 and its 200 day moving average price is $35.52.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were issued a $0.21 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.87%. Baker Hughes’s dividend payout ratio is currently 37.67%.

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.