Universal Beteiligungs und Servicegesellschaft mbH Reduces Stock Holdings in Baker Hughes Company (NASDAQ:BKR)

Universal Beteiligungs und Servicegesellschaft mbH reduced its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 11.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,778,382 shares of the company's stock after selling 355,265 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.28% of Baker Hughes worth $122,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BKR. Greenleaf Trust grew its stake in Baker Hughes by 2.2% in the first quarter. Greenleaf Trust now owns 13,852 shares of the company's stock valued at $609,000 after purchasing an additional 293 shares during the last quarter. Commerce Bank grew its stake in Baker Hughes by 1.0% in the fourth quarter. Commerce Bank now owns 31,075 shares of the company's stock valued at $1,275,000 after purchasing an additional 300 shares during the last quarter. Grove Bank & Trust grew its stake in shares of Baker Hughes by 76.2% during the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after acquiring an additional 320 shares during the last quarter. Ritholtz Wealth Management boosted its stake in Baker Hughes by 1.0% in the 1st quarter. Ritholtz Wealth Management now owns 34,725 shares of the company's stock worth $1,526,000 after purchasing an additional 339 shares in the last quarter. Finally, Angeles Investment Advisors LLC boosted its stake in Baker Hughes by 2.5% in the 4th quarter. Angeles Investment Advisors LLC now owns 14,830 shares of the company's stock worth $608,000 after purchasing an additional 368 shares in the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Stock Up 0.1%

Shares of NASDAQ BKR traded up $0.06 during trading hours on Tuesday, hitting $39.91. 2,209,944 shares of the stock were exchanged, compared to its average volume of 7,215,351. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The company has a market cap of $39.54 billion, a PE ratio of 13.62, a PEG ratio of 4.96 and a beta of 0.91. The firm has a fifty day moving average price of $38.35 and a 200-day moving average price of $40.93. Baker Hughes Company has a 12 month low of $32.25 and a 12 month high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. Baker Hughes had a net margin of 10.51% and a return on equity of 14.70%. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. On average, sell-side analysts expect that Baker Hughes Company will post 2.59 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on BKR. Barclays reduced their price objective on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Evercore ISI decreased their price objective on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. TD Securities decreased their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. TD Cowen cut their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group cut their price target on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Two analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $48.44.

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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