Los Angeles Capital Management LLC Increases Stock Holdings in Baker Hughes Company (NASDAQ:BKR)

Los Angeles Capital Management LLC increased its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,158,855 shares of the company's stock after purchasing an additional 16,379 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.12% of Baker Hughes worth $50,932,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BKR. Wealth Alliance LLC acquired a new position in shares of Baker Hughes in the first quarter valued at approximately $201,000. Lindbrook Capital LLC increased its holdings in shares of Baker Hughes by 61.7% in the first quarter. Lindbrook Capital LLC now owns 6,412 shares of the company's stock valued at $282,000 after purchasing an additional 2,447 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Baker Hughes by 4.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 76,335 shares of the company's stock valued at $3,355,000 after purchasing an additional 3,131 shares during the period. Morse Asset Management Inc boosted its stake in shares of Baker Hughes by 3.3% in the first quarter. Morse Asset Management Inc now owns 37,550 shares of the company's stock valued at $1,650,000 after buying an additional 1,200 shares in the last quarter. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Baker Hughes in the first quarter valued at approximately $22,343,000. Institutional investors and hedge funds own 92.06% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Stifel Nicolaus dropped their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Wednesday. Barclays lowered their target price on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group reduced their price objective on Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research note on Wednesday, July 2nd. Royal Bank Of Canada decreased their target price on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, TD Cowen reduced their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $48.44.

Baker Hughes Price Performance

Baker Hughes stock opened at $39.72 on Friday. Baker Hughes Company has a 12-month low of $32.25 and a 12-month high of $49.40. The company has a current ratio of 1.34, a quick ratio of 0.93 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $39.35 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 4.96 and a beta of 0.91. The firm has a 50-day moving average price of $38.35 and a 200-day moving average price of $40.93.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued 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. The business had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. Baker Hughes had a net margin of 10.51% and a return on equity of 14.70%. As a group, equities research analysts forecast that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The firm 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date was Tuesday, May 6th. Baker Hughes's payout ratio is 31.40%.

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.

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