Baker Hughes Company (NASDAQ:BKR) Shares Bought by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. boosted its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 51.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,455 shares of the company's stock after acquiring an additional 8,351 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Baker Hughes were worth $1,075,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in Baker Hughes by 144.6% in the 4th quarter. Jones Financial Companies Lllp now owns 9,069 shares of the company's stock worth $372,000 after purchasing an additional 5,362 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Baker Hughes in the 4th quarter worth approximately $30,000. Assetmark Inc. boosted its stake in Baker Hughes by 17.6% in the 4th quarter. Assetmark Inc. now owns 23,719 shares of the company's stock worth $973,000 after purchasing an additional 3,556 shares in the last quarter. Atria Investments Inc boosted its stake in Baker Hughes by 172.6% in the 4th quarter. Atria Investments Inc now owns 40,407 shares of the company's stock worth $1,657,000 after purchasing an additional 25,585 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Baker Hughes in the 4th quarter worth approximately $4,410,000. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Trading Up 1.0%

Shares of BKR traded up $0.38 during mid-day trading on Thursday, reaching $39.71. The stock had a trading volume of 6,619,119 shares, compared to its average volume of 7,197,339. Baker Hughes Company has a 52-week low of $32.25 and a 52-week high of $49.40. The firm has a market cap of $39.34 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 4.25 and a beta of 0.91. The business's fifty day moving average is $37.92 and its 200 day moving average is $40.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.93.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. Baker Hughes had a net margin of 10.51% and a return on equity of 14.70%. The company had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.54 billion. On average, sell-side analysts predict that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.32%. Baker Hughes's payout ratio is currently 31.40%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Citigroup decreased their price objective on shares of Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus set a $50.00 target price on shares of Baker Hughes and gave the company a "buy" rating in a report on Thursday, April 24th. Morgan Stanley cut their target price on shares of Baker Hughes from $55.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Susquehanna cut their target price on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a report on Thursday, April 24th. Finally, The Goldman Sachs Group cut their target price on shares of Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $48.50.

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.