Ananym Capital Management LP Takes $20.38 Million Position in Baker Hughes (NASDAQ:BKR)

Ananym Capital Management LP bought a new position in shares of Baker Hughes (NASDAQ:BKR) in the 4th quarter, Holdings Channel.com reports. The fund bought 496,760 shares of the company’s stock, valued at approximately $20,377,000. Baker Hughes accounts for approximately 12.3% of Ananym Capital Management LP’s investment portfolio, making the stock its 4th largest position.

Other large investors also recently bought and sold shares of the company. Aptus Capital Advisors LLC purchased a new position in shares of Baker Hughes in the 4th quarter valued at about $364,000. AXA S.A. lifted its stake in Baker Hughes by 96.3% in the fourth quarter. AXA S.A. now owns 220,710 shares of the company’s stock worth $9,054,000 after acquiring an additional 108,261 shares during the last quarter. Meiji Yasuda Life Insurance Co lifted its stake in Baker Hughes by 4.0% in the fourth quarter. Meiji Yasuda Life Insurance Co now owns 18,129 shares of the company’s stock worth $744,000 after acquiring an additional 690 shares during the last quarter. Wahed Invest LLC grew its holdings in Baker Hughes by 2.6% during the 4th quarter. Wahed Invest LLC now owns 24,857 shares of the company’s stock worth $1,020,000 after acquiring an additional 621 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in shares of Baker Hughes by 11.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 27,515 shares of the company’s stock valued at $1,129,000 after purchasing an additional 2,919 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on BKR shares. TD Securities dropped their target price on Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. Benchmark reissued a “buy” rating and set a $57.00 target price on shares of Baker Hughes in a research report on Tuesday, February 11th. Barclays lowered their price target on Baker Hughes from $54.00 to $48.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Wells Fargo & Company boosted their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, Susquehanna lowered their target price on shares of Baker Hughes from $48.00 to $46.00 and set a “positive” rating for the company in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, Baker Hughes currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.11.

Baker Hughes Stock Up 2.5 %

Baker Hughes stock opened at $37.10 on Friday. The stock has a 50 day moving average of $40.44 and a two-hundred day moving average of $42.00. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40. The stock has a market capitalization of $36.73 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 2.00 and a beta of 1.08. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. As a group, research analysts expect that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Tuesday, May 6th. Baker Hughes’s dividend payout ratio is presently 31.40%.

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.