Janus Henderson Group PLC Trims Holdings in Baker Hughes (NASDAQ:BKR)

Janus Henderson Group PLC decreased its stake in shares of Baker Hughes (NASDAQ:BKR) by 33.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 642,145 shares of the company’s stock after selling 317,129 shares during the period. Janus Henderson Group PLC owned 0.06% of Baker Hughes worth $23,213,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. National Pension Service increased its holdings in shares of Baker Hughes by 6.4% in the third quarter. National Pension Service now owns 1,362,973 shares of the company’s stock worth $49,271,000 after purchasing an additional 81,625 shares during the period. Hixon Zuercher LLC bought a new position in Baker Hughes in the 3rd quarter worth about $1,980,000. Wedge Capital Management L L P NC raised its holdings in shares of Baker Hughes by 20.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 726,291 shares of the company’s stock valued at $25,544,000 after acquiring an additional 123,689 shares in the last quarter. Banque Cantonale Vaudoise raised its holdings in shares of Baker Hughes by 76.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 122,661 shares of the company’s stock valued at $4,434,000 after acquiring an additional 53,006 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Baker Hughes by 7.6% during the 2nd quarter. AQR Capital Management LLC now owns 6,424,915 shares of the company’s stock valued at $223,523,000 after acquiring an additional 455,307 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Argus upgraded shares of Baker Hughes from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. UBS Group cut their target price on shares of Baker Hughes from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, September 18th. Susquehanna raised their price target on Baker Hughes from $46.00 to $48.00 and gave the company a “positive” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus upped their price objective on Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Baker Hughes has a consensus rating of “Moderate Buy” and an average target price of $44.76.

Baker Hughes Trading Down 2.8 %

NASDAQ:BKR opened at $41.31 on Friday. The firm has a market capitalization of $40.88 billion, a P/E ratio of 18.52, a P/E/G ratio of 0.72 and a beta of 1.40. Baker Hughes has a 52 week low of $28.32 and a 52 week high of $45.17. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $40.07 and a 200 day moving average of $36.36.

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

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.84 annualized dividend and a dividend yield of 2.03%. Baker Hughes’s dividend payout ratio (DPR) is presently 37.67%.

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.