Baker Hughes (NASDAQ:BKR) Shares Sold by Massmutual Trust Co. FSB ADV



Massmutual Trust Co. FSB ADV trimmed its position in shares of Baker Hughes (NASDAQ:BKR – Free Report) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,674 shares of the company’s stock after selling 325 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Baker Hughes were worth $56,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKR. Blue Trust Inc. increased its holdings in shares of Baker Hughes by 15.5% in the 4th quarter. Blue Trust Inc. now owns 2,432 shares of the company’s stock valued at $85,000 after acquiring an additional 327 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Baker Hughes by 6.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,400 shares of the company’s stock worth $219,000 after purchasing an additional 398 shares during the period. Aspire Private Capital LLC lifted its position in shares of Baker Hughes by 9.3% in the 4th quarter. Aspire Private Capital LLC now owns 5,733 shares of the company’s stock worth $196,000 after buying an additional 486 shares during the last quarter. Montag A & Associates Inc. boosted its holdings in shares of Baker Hughes by 100.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,000 shares of the company’s stock valued at $34,000 after buying an additional 500 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of Baker Hughes by 0.8% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 67,295 shares of the company’s stock valued at $2,300,000 after buying an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Performance

BKR stock opened at $32.93 on Friday. The firm has a 50 day moving average of $32.37 and a two-hundred day moving average of $31.95. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $37.58. The company has a market capitalization of $32.86 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 0.56 and a beta of 1.43. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.38.

Baker Hughes (NASDAQ:BKR – Get Free Report) last posted its earnings results on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes had a net margin of 6.95% and a return on equity of 11.42%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. As a group, equities analysts anticipate that Baker Hughes will post 2.09 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Shareholders of record on Monday, May 6th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.55%. Baker Hughes’s payout ratio is currently 46.93%.

Insider Buying and Selling at Baker Hughes

In related news, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction on Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now owns 14,998 shares in the company, valued at approximately $508,132.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Baker Hughes news, SVP James E. Apostolides sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the sale, the senior vice president now owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria C. Borras sold 55,980 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $32.00, for a total value of $1,791,360.00. Following the transaction, the executive vice president now owns 92,035 shares of the company’s stock, valued at $2,945,120. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group increased their price objective on Baker Hughes from $35.00 to $36.00 in a research report on Tuesday, April 23rd. Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of Baker Hughes in a research note on Wednesday, April 24th. Morgan Stanley raised their target price on shares of Baker Hughes from $40.00 to $43.00 in a report on Tuesday, April 23rd. The Goldman Sachs Group boosted their price target on shares of Baker Hughes from $36.00 to $38.00 in a report on Tuesday, April 23rd. Finally, Susquehanna reiterated a “positive” rating and set a $40.00 price objective on shares of Baker Hughes in a research report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.13.

Read Our Latest Analysis on Baker Hughes

Baker Hughes Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Baker Hughes (NASDAQ:BKR)



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