Baker Hughes, a GE company Class A (BHGE) Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP boosted its stake in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,076 shares of the company’s stock after purchasing an additional 10,716 shares during the quarter. RWC Asset Management LLP’s holdings in Baker Hughes, a GE company Class A were worth $4,116,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in BHGE. Cacti Asset Management LLC acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at $12,142,000. Park National Corp OH acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at $1,601,000. Eqis Capital Management Inc. acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at $236,000. Osborn Williams & Donohoe LLC acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at $514,000. Finally, Indiana Trust & Investment Management CO acquired a new position in Baker Hughes, a GE company Class A during the 3rd quarter valued at $375,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Shares of Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $26.85 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 2.08 and a debt-to-equity ratio of 0.16. Baker Hughes, a GE company Class A has a fifty-two week low of $25.68 and a fifty-two week high of $62.24. The firm has a market cap of $11,346.67, a PE ratio of -26.07, a PEG ratio of 4.47 and a beta of 0.68.

Baker Hughes, a GE company Class A (NYSE:BHGE) last posted its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Baker Hughes, a GE company Class A had a negative net margin of 2.79% and a positive return on equity of 0.10%. The business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.60 billion. The company’s revenue was down 2.7% on a year-over-year basis. research analysts expect that Baker Hughes, a GE company Class A will post 0.85 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Monday, February 5th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, February 2nd. Baker Hughes, a GE company Class A’s payout ratio is -209.71%.

In other news, insider William D. Marsh sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the insider now owns 25,190 shares of the company’s stock, valued at approximately $881,650. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Several research firms recently commented on BHGE. JPMorgan Chase & Co. cut their target price on shares of Baker Hughes, a GE company Class A from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Barclays dropped their price objective on shares of Baker Hughes, a GE company Class A from $41.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. BMO Capital Markets dropped their price objective on shares of Baker Hughes, a GE company Class A from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Morgan Stanley dropped their price objective on shares of Baker Hughes, a GE company Class A from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, Jefferies Group set a $35.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “hold” rating in a research note on Thursday, January 4th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company. Baker Hughes, a GE company Class A currently has a consensus rating of “Hold” and an average target price of $38.26.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NYSE:BHGE)

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