UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $348.23 Million Stock Holdings in Baker Hughes (NASDAQ:BKR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Baker Hughes (NASDAQ:BKR) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,633,006 shares of the company’s stock after purchasing an additional 145,537 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.97% of Baker Hughes worth $348,233,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BKR. Ashton Thomas Securities LLC bought a new position in shares of Baker Hughes in the third quarter valued at about $30,000. Alta Advisers Ltd bought a new position in shares of Baker Hughes in the second quarter valued at about $42,000. Headlands Technologies LLC bought a new position in shares of Baker Hughes in the second quarter valued at about $48,000. Quarry LP raised its holdings in shares of Baker Hughes by 81.1% in the second quarter. Quarry LP now owns 1,594 shares of the company’s stock valued at $56,000 after buying an additional 714 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Baker Hughes by 18.4% in the second quarter. UMB Bank n.a. now owns 1,873 shares of the company’s stock valued at $66,000 after buying an additional 291 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Price Performance

Shares of BKR opened at $43.61 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. The stock has a 50 day simple moving average of $39.23 and a 200 day simple moving average of $35.92. Baker Hughes has a 52-week low of $28.32 and a 52-week high of $45.17. The firm has a market capitalization of $43.15 billion, a PE ratio of 19.56, a P/E/G ratio of 0.73 and a beta of 1.38.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period in the previous year, the firm earned $0.42 EPS. Baker Hughes’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts predict that Baker Hughes will post 2.29 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a $0.21 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.93%. Baker Hughes’s dividend payout ratio is presently 37.67%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Argus raised Baker Hughes from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Barclays boosted their price objective on Baker Hughes from $41.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Susquehanna boosted their price objective on Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a report on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and set a $43.00 price objective on shares of Baker Hughes in a report on Thursday, October 24th. Finally, UBS Group dropped their price objective on Baker Hughes from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $44.76.

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.