Clarius Group LLC Buys 2,415 Shares of Baker Hughes Company (NASDAQ:BKR)

Clarius Group LLC boosted its stake in Baker Hughes Company (NASDAQ:BKR) by 31.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,212 shares of the company’s stock after purchasing an additional 2,415 shares during the period. Clarius Group LLC’s holdings in Baker Hughes were worth $449,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Principal Securities Inc. boosted its stake in shares of Baker Hughes by 336.5% during the 4th quarter. Principal Securities Inc. now owns 15,577 shares of the company’s stock worth $639,000 after acquiring an additional 12,008 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of Baker Hughes during the 4th quarter worth $640,000. JFS Wealth Advisors LLC boosted its stake in shares of Baker Hughes by 135.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of Baker Hughes by 3.2% during the 4th quarter. CIBC Asset Management Inc now owns 318,401 shares of the company’s stock worth $13,061,000 after acquiring an additional 9,764 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new position in shares of Baker Hughes during the 4th quarter worth $2,452,000. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Performance

Shares of NASDAQ BKR opened at $38.98 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.93 and a current ratio of 1.34. The company has a market cap of $38.62 billion, a P/E ratio of 13.30, a P/E/G ratio of 4.21 and a beta of 0.91. The firm’s fifty day moving average is $37.45 and its two-hundred day moving average is $41.30. Baker Hughes Company has a 52-week low of $32.12 and a 52-week high of $49.40.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a net margin of 10.51% and a return on equity of 14.70%. As a group, analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.36%. Baker Hughes’s dividend payout ratio is currently 31.40%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BKR shares. Barclays dropped their price target on shares of Baker Hughes from $54.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Piper Sandler dropped their price target on shares of Baker Hughes from $53.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Evercore ISI lowered their target price on shares of Baker Hughes from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Morgan Stanley lowered their target price on shares of Baker Hughes from $55.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, May 16th. Finally, Susquehanna lowered their target price on shares of Baker Hughes from $48.00 to $46.00 and set a “positive” rating on the stock in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average target price of $49.11.

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.