Ameritas Advisory Services LLC Buys Shares of 2,534 Baker Hughes Company $BKR

Ameritas Advisory Services LLC bought a new stake in shares of Baker Hughes Company (NASDAQ:BKR) during the 2nd quarter, Holdings Channel reports. The firm bought 2,534 shares of the company’s stock, valued at approximately $97,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BKR. Nuveen LLC bought a new position in Baker Hughes during the 1st quarter valued at about $404,385,000. Pacer Advisors Inc. lifted its stake in Baker Hughes by 2,585.6% during the 1st quarter. Pacer Advisors Inc. now owns 3,856,915 shares of the company’s stock valued at $169,511,000 after acquiring an additional 3,713,301 shares during the period. 1832 Asset Management L.P. bought a new position in Baker Hughes during the 1st quarter valued at about $70,685,000. Strs Ohio bought a new position in Baker Hughes during the 1st quarter valued at about $60,490,000. Finally, AQR Capital Management LLC lifted its stake in Baker Hughes by 27.8% during the 1st quarter. AQR Capital Management LLC now owns 5,457,164 shares of the company’s stock valued at $234,958,000 after acquiring an additional 1,185,456 shares during the period. Institutional investors own 92.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Industrial Alliance Securities set a $53.00 target price on shares of Baker Hughes in a research note on Wednesday, July 30th. Royal Bank Of Canada increased their price objective on shares of Baker Hughes from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday. Seaport Res Ptn cut shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 29th. Morgan Stanley increased their price objective on shares of Baker Hughes from $45.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Finally, The Goldman Sachs Group lowered their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, July 2nd. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and a consensus target price of $52.57.

Insider Buying and Selling at Baker Hughes

In related news, CAO Rebecca L. Charlton sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the transaction, the chief accounting officer directly owned 11,772 shares of the company’s stock, valued at approximately $588,600. This trade represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of the transaction, the executive vice president directly owned 40,520 shares of the company’s stock, valued at approximately $2,026,000. This trade represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 553,068 shares of company stock valued at $24,712,651 in the last three months. 0.27% of the stock is currently owned by corporate insiders.

Baker Hughes Trading Down 6.0%

Shares of BKR opened at $45.04 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00. Baker Hughes Company has a 1 year low of $33.60 and a 1 year high of $50.92. The company has a 50 day simple moving average of $45.93 and a two-hundred day simple moving average of $41.34. The firm has a market cap of $44.40 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 2.18 and a beta of 0.99.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The business had revenue of $5.09 billion during the quarter. On average, equities analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s dividend payout ratio (DPR) is 30.07%.

Baker Hughes Company 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.