UMB Bank n.a. Acquires 81,143 Shares of Baker Hughes (NASDAQ:BKR)

UMB Bank n.a. grew its holdings in Baker Hughes (NASDAQ:BKR) by 3,901.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,223 shares of the company’s stock after acquiring an additional 81,143 shares during the period. UMB Bank n.a.’s holdings in Baker Hughes were worth $3,414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Diversify Advisory Services LLC purchased a new position in shares of Baker Hughes during the 4th quarter valued at about $294,000. Artemis Investment Management LLP lifted its holdings in Baker Hughes by 29.4% during the fourth quarter. Artemis Investment Management LLP now owns 1,053,947 shares of the company’s stock valued at $43,233,000 after purchasing an additional 239,773 shares in the last quarter. Aaron Wealth Advisors LLC bought a new position in shares of Baker Hughes in the fourth quarter worth approximately $211,000. HB Wealth Management LLC increased its stake in shares of Baker Hughes by 6.3% in the fourth quarter. HB Wealth Management LLC now owns 26,969 shares of the company’s stock worth $1,106,000 after purchasing an additional 1,589 shares in the last quarter. Finally, Premier Path Wealth Partners LLC bought a new stake in shares of Baker Hughes during the 4th quarter valued at $242,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Up 0.5 %

NASDAQ BKR opened at $46.54 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. Baker Hughes has a 52 week low of $28.32 and a 52 week high of $47.47. The firm has a market capitalization of $46.05 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 0.79 and a beta of 1.39. The company has a fifty day moving average of $42.74 and a two-hundred day moving average of $38.38.

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Argus upgraded Baker Hughes from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Atb Cap Markets cut Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Citigroup boosted their price target on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Stifel Nicolaus increased their price objective on shares of Baker Hughes from $45.00 to $48.00 and gave the company a “buy” rating in a report on Monday, November 25th. Finally, Wells Fargo & Company boosted their target price on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Baker Hughes currently has an average rating of “Moderate Buy” and an average price target of $47.53.

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.