Universal Beteiligungs und Servicegesellschaft mbH Sells 233,547 Shares of Baker Hughes Company $BKR

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in Baker Hughes Company (NASDAQ:BKR) by 8.4% in the third quarter, Holdings Channel reports. The firm owned 2,553,589 shares of the company’s stock after selling 233,547 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Baker Hughes were worth $124,411,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BKR. E Fund Management Hong Kong Co. Ltd. grew its stake in Baker Hughes by 104.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock valued at $32,000 after buying an additional 337 shares during the last quarter. Harbour Investments Inc. boosted its position in shares of Baker Hughes by 61.7% during the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after acquiring an additional 326 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Baker Hughes during the 2nd quarter worth $36,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Baker Hughes in the 2nd quarter valued at approximately $36,000. Finally, LRI Investments LLC boosted its position in Baker Hughes by 59.3% in the second quarter. LRI Investments LLC now owns 1,032 shares of the company’s stock valued at $40,000 after buying an additional 384 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Price Performance

Baker Hughes stock opened at $51.26 on Wednesday. The company’s 50 day moving average price is $48.10 and its two-hundred day moving average price is $46.30. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 52 week low of $33.60 and a 52 week high of $52.33. The stock has a market cap of $50.58 billion, a P/E ratio of 17.68, a P/E/G ratio of 1.64 and a beta of 0.89.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Thursday, October 23rd. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.81 billion. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%.The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.67 EPS. On average, equities analysts predict that Baker Hughes Company will post 2.59 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BKR shares. Zephirin Group upped their price objective on Baker Hughes from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, October 2nd. TD Cowen reduced their target price on shares of Baker Hughes from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. Weiss Ratings restated a “buy (b)” rating on shares of Baker Hughes in a research report on Monday, December 29th. Cowen reiterated a “buy” rating on shares of Baker Hughes in a report on Wednesday, January 7th. Finally, Susquehanna increased their target price on shares of Baker Hughes from $56.00 to $58.00 and gave the company a “positive” rating in a research report on Wednesday, January 7th. Twenty-three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Baker Hughes presently has an average rating of “Moderate Buy” and a consensus target price of $54.04.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.