Baker Hughes (NASDAQ:BKR) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in shares of Baker Hughes (NASDAQ:BKR) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 143,614 shares of the company’s stock after buying an additional 1,279 shares during the period. Pacer Advisors Inc.’s holdings in Baker Hughes were worth $5,891,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BKR. Geode Capital Management LLC raised its holdings in Baker Hughes by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 24,078,093 shares of the company’s stock worth $867,514,000 after buying an additional 123,172 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Baker Hughes by 34.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company’s stock valued at $394,775,000 after acquiring an additional 2,811,940 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Baker Hughes by 1.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,633,006 shares of the company’s stock valued at $348,233,000 after acquiring an additional 145,537 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Baker Hughes by 0.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,951,703 shares of the company’s stock valued at $251,304,000 after acquiring an additional 22,383 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Baker Hughes by 11.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,495,752 shares of the company’s stock worth $198,671,000 after purchasing an additional 572,943 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Price Performance

NASDAQ BKR opened at $43.07 on Thursday. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $47.47. The company has a fifty day simple moving average of $43.03 and a 200 day simple moving average of $38.94. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a market cap of $42.62 billion, a P/E ratio of 19.31, a P/E/G ratio of 0.88 and a beta of 1.39.

Insiders Place Their Bets

In other news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the sale, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Evercore ISI increased their target price on Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Royal Bank of Canada increased their price objective on Baker Hughes from $43.00 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets raised their price objective on Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Atb Cap Markets downgraded Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Piper Sandler initiated coverage on shares of Baker Hughes in a report on Thursday, December 19th. They set an “overweight” rating and a $53.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and an average price target of $48.06.

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.