Baker Hughes Company (NASDAQ:BKR) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 9.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,924,244 shares of the company's stock after buying an additional 161,790 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.19% of Baker Hughes worth $84,571,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BKR. Geode Capital Management LLC grew its holdings in shares of 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 in the last quarter. Johnson Investment Counsel Inc. acquired a new position in Baker Hughes during the first quarter worth about $360,000. Whalen Wealth Management Inc. acquired a new position in Baker Hughes during the first quarter worth about $544,000. Huntington National Bank grew its stake in Baker Hughes by 16.0% during the 4th quarter. Huntington National Bank now owns 116,303 shares of the company's stock valued at $4,771,000 after acquiring an additional 16,010 shares in the last quarter. Finally, Kesler Norman & Wride LLC acquired a new stake in Baker Hughes in the 4th quarter valued at about $1,011,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BKR. Susquehanna lowered their target price on Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus set a $50.00 price objective on Baker Hughes and gave the stock a "buy" rating in a research report on Thursday, April 24th. Evercore ISI lowered their price objective on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Royal Bank Of Canada dropped their target price on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Finally, Citigroup cut their target price on Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Trading Down 0.7%

Shares of BKR stock traded down $0.26 during trading hours on Friday, hitting $38.06. The company had a trading volume of 9,914,793 shares, compared to its average volume of 7,133,455. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.93. The stock has a market capitalization of $37.71 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 3.99 and a beta of 0.91. The company's fifty day moving average is $37.49 and its 200 day moving average is $41.12. Baker Hughes Company has a fifty-two week low of $32.25 and a fifty-two week high of $49.40.

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

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend 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.