J. Safra Sarasin Holding AG Grows Stock Position in Baker Hughes Company $BKR

Key Points

• J. Safra Sarasin Holding AG increased its stake in Baker Hughes Company by 10.7%, owning approximately 2,129,581 shares valued at about $81.6 million.
• Baker Hughes has seen significant interest from institutional investors, with 92.06% of its stock held by these entities, including notable purchases from Nuveen LLC and Pacer Advisors Inc.
• Analysts remain optimistic on Baker Hughes, with a consensus rating of "Moderate Buy" and a target price around $52.36, bolstered by recent upgrades from firms like Capital One and Evercore ISI.

J. Safra Sarasin Holding AG lifted its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 10.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,129,581 shares of the company's stock after purchasing an additional 205,714 shares during the period. Baker Hughes comprises approximately 1.4% of J. Safra Sarasin Holding AG's holdings, making the stock its 16th biggest holding. J. Safra Sarasin Holding AG owned 0.21% of Baker Hughes worth $81,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BKR. Nuveen LLC acquired a new position in Baker Hughes in the 1st quarter valued at about $404,385,000. Pacer Advisors Inc. grew its holdings in shares of Baker Hughes by 2,585.6% during the first quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company's stock worth $169,511,000 after buying an additional 3,713,301 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Baker Hughes in the first quarter valued at approximately $70,685,000. Strs Ohio purchased a new position in shares of Baker Hughes during the first quarter valued at approximately $60,490,000. Finally, AQR Capital Management LLC boosted its position in Baker Hughes by 27.8% during the first quarter. AQR Capital Management LLC now owns 5,457,164 shares of the company's stock worth $234,958,000 after acquiring an additional 1,185,456 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on BKR shares. Melius Research assumed coverage on Baker Hughes in a report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price target for the company. Capital One Financial lifted their price objective on Baker Hughes from $49.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday, September 16th. TD Cowen increased their target price on Baker Hughes from $52.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Evercore ISI raised their price target on Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $53.00 price objective (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Twenty-one investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.36.

Baker Hughes Stock Performance

NASDAQ:BKR opened at $48.36 on Thursday. Baker Hughes Company has a twelve month low of $33.60 and a twelve month high of $50.92. The firm has a market capitalization of $47.68 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 2.22 and a beta of 0.99. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The firm's fifty day simple moving average is $45.59 and its 200 day simple moving average is $41.17.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.08. The company had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. Baker Hughes's revenue for the quarter was down 3.2% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.9%. Baker Hughes's dividend payout ratio (DPR) is presently 30.07%.

Insider Buying and Selling

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the business's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total value of $23,390,150.56. Following the completion of the sale, the chief executive officer directly owned 667,593 shares of the company's stock, valued at $29,654,481.06. The trade was a 44.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Rebecca L. Charlton sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $50,000.00. Following the sale, the chief accounting officer owned 11,772 shares in the company, valued at $588,600. The trade was a 7.83% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 553,068 shares of company stock worth $24,712,651. Corporate insiders own 0.27% of the company's stock.

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.

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