Robeco Institutional Asset Management B.V. Reduces Position in Baker Hughes Company $BKR

Key Points

• Robeco Institutional Asset Management B.V. has significantly reduced its stake in Baker Hughes Company by 80.8%, holding 369,879 shares worth approximately $14 million after selling over 1.5 million shares during the 2nd quarter.
• Several hedge funds increased their positions in Baker Hughes, with Golden State Wealth Management LLC raising its stake by 678.7% in the first quarter.
• Baker Hughes reported Q2 earnings of $0.63 per share, exceeding analyst estimates, while its quarterly revenue was $6.91 billion, slightly below expectations, indicating a 3.2% decline compared to the same quarter last year.

Robeco Institutional Asset Management B.V. decreased its holdings in Baker Hughes Company (NASDAQ:BKR - Free Report) by 80.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 369,879 shares of the company's stock after selling 1,554,365 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Baker Hughes were worth $14,181,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Wayfinding Financial LLC purchased a new position in Baker Hughes in the 1st quarter valued at approximately $28,000. Golden State Wealth Management LLC lifted its position in shares of Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after acquiring an additional 604 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Baker Hughes in the first quarter worth $30,000. Grove Bank & Trust grew its position in shares of Baker Hughes by 76.2% in the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock valued at $33,000 after purchasing an additional 320 shares in the last quarter. Finally, Spire Wealth Management raised its stake in shares of Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock valued at $36,000 after purchasing an additional 465 shares during the period. Institutional investors own 92.06% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on BKR shares. Jefferies Financial Group set a $58.00 target price on Baker Hughes in a research note on Wednesday, July 30th. Seaport Res Ptn lowered shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 29th. BMO Capital Markets reaffirmed an "outperform" rating and set a $53.00 target price (up previously from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Barclays increased their target price on shares of Baker Hughes from $48.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley boosted their price target on shares of Baker Hughes from $45.00 to $55.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Baker Hughes has a consensus rating of "Moderate Buy" and an average target price of $52.00.

Insider Activity at Baker Hughes

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the transaction, the chief executive officer directly owned 667,593 shares of the company's stock, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of the sale, the executive vice president owned 40,520 shares of the company's stock, valued at approximately $2,026,000. The trade was a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 553,068 shares of company stock valued at $24,712,651. Corporate insiders own 0.27% of the company's stock.

Baker Hughes Price Performance

BKR stock opened at $48.50 on Friday. The firm has a 50 day simple moving average of $45.69 and a two-hundred day simple moving average of $41.22. The stock has a market cap of $47.82 billion, a PE ratio of 15.85, a P/E/G ratio of 2.21 and a beta of 0.99. Baker Hughes Company has a one year low of $33.60 and a one year high of $50.92. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00.

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

Baker Hughes Dividend Announcement

The company also recently disclosed 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 was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.9%. Baker Hughes's dividend payout ratio is 30.07%.

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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