Baxter Bros Inc. Has $959,000 Stock Holdings in Baker Hughes (NASDAQ:BKR)

Baxter Bros Inc. raised its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 252.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,825 shares of the company's stock after acquiring an additional 15,641 shares during the quarter. Baxter Bros Inc.'s holdings in Baker Hughes were worth $959,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in BKR. JFS Wealth Advisors LLC grew its stake in Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after acquiring an additional 386 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Baker Hughes during the fourth quarter worth approximately $30,000. Larson Financial Group LLC raised its position in Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after purchasing an additional 216 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Baker Hughes during the fourth quarter worth $45,000. Finally, OFI Invest Asset Management bought a new position in Baker Hughes during the 4th quarter worth approximately $47,000. 92.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BKR. TD Cowen decreased their price target on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Susquehanna cut their price objective on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Evercore ISI lowered their price target on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada cut their price objective on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Benchmark reissued a "buy" rating and issued a $57.00 target price on shares of Baker Hughes in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Baker Hughes presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Price Performance

Shares of NASDAQ:BKR traded up $0.75 during trading on Friday, hitting $37.90. 4,268,185 shares of the stock were exchanged, compared to its average volume of 7,082,053. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a market cap of $37.55 billion, a PE ratio of 12.72, a P/E/G ratio of 2.00 and a beta of 0.96. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The company has a fifty day moving average price of $37.30 and a two-hundred day moving average price of $41.57.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. On average, analysts forecast that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is presently 31.40%.

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.