AQR Capital Management LLC Has $175.23 Million Holdings in Baker Hughes (NASDAQ:BKR)

AQR Capital Management LLC lessened its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,271,708 shares of the company's stock after selling 89,538 shares during the quarter. AQR Capital Management LLC owned 0.43% of Baker Hughes worth $175,225,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BKR. Strategic Financial Concepts LLC acquired a new stake in Baker Hughes during the 4th quarter valued at $640,000. Burney Co. lifted its stake in shares of Baker Hughes by 315.0% in the 4th quarter. Burney Co. now owns 138,788 shares of the company's stock valued at $5,693,000 after purchasing an additional 105,349 shares during the period. Geode Capital Management LLC boosted its holdings in Baker Hughes by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company's stock worth $1,004,212,000 after buying an additional 465,832 shares during the last quarter. Northstar Advisory Group LLC bought a new stake in Baker Hughes in the fourth quarter valued at approximately $1,180,000. Finally, Artemis Investment Management LLP raised its stake in Baker Hughes by 29.4% during the 4th quarter. Artemis Investment Management LLP now owns 1,053,947 shares of the company's stock worth $43,233,000 after buying an additional 239,773 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Trading Up 2.5 %

NASDAQ BKR traded up $0.91 on Friday, hitting $37.10. The company's stock had a trading volume of 7,292,433 shares, compared to its average volume of 6,936,974. The firm has a market cap of $36.73 billion, a PE ratio of 12.45, a PEG ratio of 2.00 and a beta of 1.08. The company's 50-day moving average is $40.58 and its 200 day moving average is $41.99. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Baker Hughes has a 1-year low of $30.93 and a 1-year high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.48%. Baker Hughes's dividend payout ratio is currently 31.40%.

Analyst Upgrades and Downgrades

BKR has been the topic of a number of research reports. Barclays cut their price target on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Piper Sandler cut their price objective on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group lifted their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Royal Bank of Canada lowered their price objective on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Susquehanna cut their price target on Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Baker Hughes has a consensus rating of "Moderate Buy" and an average price target of $49.11.

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.