Robeco Institutional Asset Management B.V. Decreases Holdings in Baker Hughes (NASDAQ:BKR)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Baker Hughes (NASDAQ:BKR) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,762,454 shares of the company’s stock after selling 239,416 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Baker Hughes were worth $72,296,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BKR. Geode Capital Management LLC boosted its holdings in Baker Hughes by 0.5% in the third quarter. Geode Capital Management LLC now owns 24,078,093 shares of the company’s stock valued at $867,514,000 after purchasing an additional 123,172 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Baker Hughes by 34.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company’s stock worth $394,775,000 after buying an additional 2,811,940 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Baker Hughes by 1.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,633,006 shares of the company’s stock valued at $348,233,000 after buying an additional 145,537 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Baker Hughes by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,951,703 shares of the company’s stock worth $251,304,000 after acquiring an additional 22,383 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Baker Hughes by 11.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,495,752 shares of the company’s stock valued at $198,671,000 after acquiring an additional 572,943 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insider Transactions at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BKR. Stifel Nicolaus raised 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. The Goldman Sachs Group raised their price target on Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Morgan Stanley boosted their price objective on Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Barclays raised their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, Evercore ISI upped their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.06.

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $43.07 on Thursday. Baker Hughes has a 52 week low of $28.32 and a 52 week high of $47.47. The company has a 50-day moving average price of $43.03 and a 200 day moving average price of $38.94. The company has a market cap of $42.62 billion, a P/E ratio of 19.31, a PEG ratio of 0.88 and a beta of 1.39. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37.

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.