UMB Bank n.a. Buys 81,143 Shares of Baker Hughes (NASDAQ:BKR)

UMB Bank n.a. boosted its stake in shares of Baker Hughes (NASDAQ:BKR) by 3,901.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 83,223 shares of the company’s stock after purchasing an additional 81,143 shares during the period. UMB Bank n.a.’s holdings in Baker Hughes were worth $3,414,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Baker Hughes in the third quarter valued at approximately $30,000. True Wealth Design LLC lifted its holdings in shares of Baker Hughes by 2,181.6% in the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock worth $31,000 after buying an additional 829 shares during the period. Groupama Asset Managment grew its position in shares of Baker Hughes by 1,045.1% during the 3rd quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock worth $32,000 after buying an additional 811,711 shares in the last quarter. Continuum Advisory LLC increased its stake in shares of Baker Hughes by 442.2% during the third quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock valued at $35,000 after buying an additional 796 shares during the period. Finally, Quarry LP raised its holdings in shares of Baker Hughes by 81.1% in the second quarter. Quarry LP now owns 1,594 shares of the company’s stock valued at $56,000 after acquiring an additional 714 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Stock Up 0.5 %

Baker Hughes stock opened at $46.54 on Tuesday. The business’s 50-day simple moving average is $42.74 and its two-hundred day simple moving average is $38.38. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. The company has a market cap of $46.05 billion, a PE ratio of 20.87, a PEG ratio of 0.79 and a beta of 1.39. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $47.47.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the prior year, the company earned $0.42 EPS. Baker Hughes’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts anticipate that Baker Hughes will post 2.29 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BKR. TD Cowen cut their target price on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Argus raised shares of Baker Hughes from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus increased their target price on Baker Hughes from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Evercore ISI boosted their price target on Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Finally, Benchmark reaffirmed a “buy” rating and set a $42.00 price objective on shares of Baker Hughes in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.53.

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.