Baker Hughes Company $BKR Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in Baker Hughes Company (NASDAQ:BKR) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,069,093 shares of the company’s stock after purchasing an additional 132,254 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Baker Hughes were worth $113,593,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC grew its position in shares of Baker Hughes by 0.6% during the 1st quarter. Bleakley Financial Group LLC now owns 25,485 shares of the company’s stock valued at $1,556,000 after purchasing an additional 163 shares in the last quarter. Resolute Wealth Strategies LLC increased its holdings in shares of Baker Hughes by 2.7% in the first quarter. Resolute Wealth Strategies LLC now owns 6,597 shares of the company’s stock worth $403,000 after purchasing an additional 172 shares during the period. Evolve Private Wealth LLC increased its holdings in shares of Baker Hughes by 2.4% in the first quarter. Evolve Private Wealth LLC now owns 8,663 shares of the company’s stock worth $529,000 after purchasing an additional 203 shares during the period. Meeder Asset Management Inc. raised its position in shares of Baker Hughes by 49.0% in the first quarter. Meeder Asset Management Inc. now owns 651 shares of the company’s stock worth $40,000 after buying an additional 214 shares in the last quarter. Finally, Anchor Investment Management LLC raised its position in shares of Baker Hughes by 36.3% in the second quarter. Anchor Investment Management LLC now owns 954 shares of the company’s stock worth $53,000 after buying an additional 254 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $56.00 on Thursday. The company’s fifty day moving average price is $59.32 and its 200-day moving average price is $60.69. The firm has a market capitalization of $55.59 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.65 and a beta of 1.04. Baker Hughes Company has a one year low of $44.26 and a one year high of $70.41. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.09 and a quick ratio of 1.76.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Monday, July 27th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.13. Baker Hughes had a net margin of 11.17% and a return on equity of 13.85%. The firm had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter last year, the company posted $0.63 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities research analysts anticipate that Baker Hughes Company will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

BKR has been the subject of several research analyst reports. Jefferies Financial Group dropped their price objective on Baker Hughes from $80.00 to $77.00 and set a “buy” rating for the company in a research note on Tuesday, September 29th. Zacks Research upgraded Baker Hughes from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 16th. Royal Bank Of Canada upped their target price on Baker Hughes from $71.00 to $76.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Barclays lowered their price target on Baker Hughes from $74.00 to $72.00 and set an “equal weight” rating on the stock in a report on Thursday, July 16th. Finally, Wolfe Research assumed coverage on Baker Hughes in a research report on Wednesday, July 8th. They set an “outperform” rating and a $70.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.10.

Baker Hughes Profile

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.