Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Baker Hughes (NASDAQ:BKR)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Baker Hughes (NASDAQ:BKR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,133,647 shares of the company's stock, valued at approximately $128,542,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.32% of Baker Hughes as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BKR. Norges Bank acquired a new position in shares of Baker Hughes in the 4th quarter valued at $829,092,000. Raymond James Financial Inc. acquired a new stake in shares of Baker Hughes in the fourth quarter valued at about $291,289,000. Neuberger Berman Group LLC boosted its position in Baker Hughes by 2,527.6% during the fourth quarter. Neuberger Berman Group LLC now owns 3,319,418 shares of the company's stock worth $136,158,000 after purchasing an additional 3,193,089 shares in the last quarter. Congress Asset Management Co. purchased a new position in Baker Hughes during the 4th quarter valued at about $107,155,000. Finally, FMR LLC raised its position in shares of Baker Hughes by 12.5% during the 4th quarter. FMR LLC now owns 15,702,057 shares of the company's stock worth $644,098,000 after purchasing an additional 1,744,225 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank of Canada decreased their price target on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley lowered their target price on Baker Hughes from $55.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, May 16th. Evercore ISI cut their price target 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. Benchmark restated a "buy" rating and issued a $57.00 price target on shares of Baker Hughes in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus set a $50.00 target price on Baker Hughes and gave the stock a "buy" rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $49.11.

Baker Hughes Stock Performance

Shares of NASDAQ:BKR traded up $0.68 during midday trading on Thursday, hitting $37.36. The company had a trading volume of 5,824,417 shares, compared to its average volume of 7,076,702. The company has a fifty day moving average of $38.26 and a two-hundred day moving average of $41.86. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The company has a market cap of $37.01 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 2.00 and a beta of 0.96.

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

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 annualized dividend and a dividend yield of 2.46%. Baker Hughes's dividend payout ratio is presently 31.40%.

Baker Hughes Company 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.