Worldquant Millennium Quantitative Strategies LLC Has $1.27 Million Position in Baker Hughes A GE Co (BHGE)

Worldquant Millennium Quantitative Strategies LLC grew its position in Baker Hughes A GE Co (NYSE:BHGE) by 24.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,915 shares of the company’s stock after purchasing an additional 11,421 shares during the period. Worldquant Millennium Quantitative Strategies LLC’s holdings in Baker Hughes A GE were worth $1,267,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. First Trust Advisors LP lifted its position in shares of Baker Hughes A GE by 134.5% during the 3rd quarter. First Trust Advisors LP now owns 17,564 shares of the company’s stock valued at $594,000 after buying an additional 10,075 shares in the last quarter. Private Advisor Group LLC purchased a new position in Baker Hughes A GE in the 3rd quarter worth approximately $214,000. Wells Fargo & Company MN lifted its holdings in Baker Hughes A GE by 6.5% in the 3rd quarter. Wells Fargo & Company MN now owns 999,227 shares of the company’s stock worth $33,805,000 after purchasing an additional 60,929 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Baker Hughes A GE by 0.6% in the 3rd quarter. Prudential Financial Inc. now owns 467,646 shares of the company’s stock worth $15,820,000 after purchasing an additional 2,830 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Baker Hughes A GE by 9.1% in the 3rd quarter. Alliancebernstein L.P. now owns 856,776 shares of the company’s stock worth $28,985,000 after purchasing an additional 71,603 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BHGE traded down $0.43 during midday trading on Monday, reaching $25.95. 2,829,155 shares of the stock were exchanged, compared to its average volume of 4,580,484. The company has a current ratio of 1.66, a quick ratio of 1.15 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $27.63 billion, a price-to-earnings ratio of 39.32, a PEG ratio of 0.54 and a beta of 0.88. Baker Hughes A GE Co has a 52 week low of $20.09 and a 52 week high of $37.76.

Baker Hughes A GE (NYSE:BHGE) last issued its quarterly earnings data on Thursday, January 31st. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $6.26 billion for the quarter, compared to analysts’ expectations of $6.04 billion. Baker Hughes A GE had a return on equity of 0.76% and a net margin of 0.85%. During the same quarter last year, the company earned $0.15 earnings per share. On average, equities research analysts predict that Baker Hughes A GE Co will post 1.02 EPS for the current year.

In related news, insider William D. Marsh sold 1,242 shares of the company’s stock in a transaction on Friday, January 25th. The stock was sold at an average price of $23.31, for a total transaction of $28,951.02. Following the completion of the sale, the insider now directly owns 35,257 shares in the company, valued at approximately $821,840.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.21% of the company’s stock.

A number of research firms recently commented on BHGE. Zacks Investment Research cut Baker Hughes A GE from a “hold” rating to a “sell” rating in a report on Wednesday, April 3rd. Cowen reissued an “outperform” rating and issued a $32.00 price target (down from $34.00) on shares of Baker Hughes A GE in a report on Monday, February 4th. Credit Suisse Group reissued an “outperform” rating and issued a $23.57 price target (down from $28.00) on shares of Baker Hughes A GE in a report on Friday, February 1st. Goldman Sachs Group started coverage on Baker Hughes A GE in a report on Sunday, March 10th. They issued a “conviction-buy” rating and a $36.00 price target on the stock. Finally, Barclays reaffirmed a “buy” rating and set a $32.00 price objective on shares of Baker Hughes A GE in a report on Friday, January 18th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $35.88.

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About Baker Hughes A GE

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.

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Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHGE)

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