Vinva Investment Management Ltd Has $1.57 Million Holdings in Baker Hughes (NASDAQ:BKR)

Vinva Investment Management Ltd lessened its holdings in Baker Hughes (NASDAQ:BKR) by 27.0% in the 4th quarter, Holdings Channel reports. The firm owned 38,425 shares of the company’s stock after selling 14,179 shares during the quarter. Vinva Investment Management Ltd’s holdings in Baker Hughes were worth $1,573,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Xponance Inc. lifted its position in Baker Hughes by 0.3% during the 4th quarter. Xponance Inc. now owns 143,421 shares of the company’s stock worth $5,883,000 after acquiring an additional 367 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Baker Hughes during the 4th quarter worth $7,824,000. Advisors Asset Management Inc. lifted its position in Baker Hughes by 11.7% during the 4th quarter. Advisors Asset Management Inc. now owns 99,942 shares of the company’s stock worth $4,100,000 after acquiring an additional 10,454 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Baker Hughes by 10.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 496,223 shares of the company’s stock worth $20,355,000 after acquiring an additional 48,550 shares during the last quarter. Finally, Tocqueville Asset Management L.P. lifted its position in Baker Hughes by 7.3% during the 4th quarter. Tocqueville Asset Management L.P. now owns 87,393 shares of the company’s stock worth $3,585,000 after acquiring an additional 5,975 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the sale, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of research analyst reports. Barclays boosted their target price on shares of Baker Hughes from $51.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Stifel Nicolaus boosted their target price on shares of Baker Hughes from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Jefferies Financial Group boosted their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Benchmark restated a “buy” rating and set a $57.00 price objective on shares of Baker Hughes in a report on Tuesday, February 11th. Finally, Royal Bank of Canada boosted their price objective on shares of Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, Baker Hughes currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.06.

Baker Hughes Stock Performance

NASDAQ BKR opened at $44.69 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The stock has a market cap of $44.25 billion, a P/E ratio of 15.00, a PEG ratio of 2.00 and a beta of 1.30. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40. The company’s 50-day simple moving average is $44.95 and its 200 day simple moving average is $41.26.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, research analysts forecast that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.06%. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes’s dividend payout ratio is currently 30.87%.

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.