Robeco Institutional Asset Management B.V. lessened its stake in Baker Hughes, a GE company (NYSE:BHGE) by 21.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,709 shares of the company’s stock after selling 21,615 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Baker Hughes, a GE were worth $2,244,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Delpha Capital Management LLC purchased a new position in shares of Baker Hughes, a GE during the fourth quarter worth $106,000. MHI Funds LLC purchased a new position in Baker Hughes, a GE in the fourth quarter valued at $175,000. Baldwin Brothers Inc. MA purchased a new position in Baker Hughes, a GE in the fourth quarter valued at $190,000. Global X Management Co. LLC purchased a new position in Baker Hughes, a GE in the first quarter valued at $207,000. Finally, Advisor Partners LLC purchased a new position in Baker Hughes, a GE in the first quarter valued at $218,000. 94.77% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the company. Zacks Investment Research raised Baker Hughes, a GE from a “sell” rating to a “hold” rating in a report on Tuesday, April 17th. Susquehanna Bancshares set a $31.00 price target on Baker Hughes, a GE and gave the stock a “hold” rating in a report on Monday, April 23rd. Jefferies Financial Group set a $34.00 price target on Baker Hughes, a GE and gave the stock a “hold” rating in a report on Sunday, April 22nd. Bank of America downgraded Baker Hughes, a GE from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Thursday, May 10th. They noted that the move was a valuation call. Finally, SunTrust Banks set a $34.00 price target on Baker Hughes, a GE and gave the stock a “hold” rating in a report on Sunday, April 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $37.90.
NYSE BHGE traded down $0.38 on Thursday, hitting $33.68. 4,253,628 shares of the company’s stock were exchanged, compared to its average volume of 4,933,587. The company has a current ratio of 2.05, a quick ratio of 1.48 and a debt-to-equity ratio of 0.17. Baker Hughes, a GE company has a fifty-two week low of $25.53 and a fifty-two week high of $40.82. The stock has a market capitalization of $14.22 billion, a price-to-earnings ratio of 64.77, a PEG ratio of 5.24 and a beta of 0.71.
Baker Hughes, a GE (NYSE:BHGE) last announced its quarterly earnings results on Friday, April 20th. The company reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The business had revenue of $5.40 billion for the quarter, compared to analyst estimates of $5.41 billion. Baker Hughes, a GE had a positive return on equity of 0.25% and a negative net margin of 1.28%. The company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.23) EPS. equities analysts forecast that Baker Hughes, a GE company will post 0.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 1st. Investors of record on Tuesday, May 22nd were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Monday, May 21st. Baker Hughes, a GE’s payout ratio is currently 138.46%.
In other news, CEO Maria C. Borras sold 19,571 shares of the company’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $36.97, for a total transaction of $723,539.87. Following the completion of the sale, the chief executive officer now directly owns 3,042 shares in the company, valued at approximately $112,462.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William D. Marsh sold 6,543 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $35.82, for a total value of $234,370.26. Following the sale, the insider now owns 22,663 shares of the company’s stock, valued at $811,788.66. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.
Baker Hughes, a GE Company Profile
Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies for onshore and offshore operations.
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