Baker Hughes A GE Co (BHGE) Shares Sold by Macquarie Group Ltd.

Macquarie Group Ltd. lessened its stake in Baker Hughes A GE Co (NYSE:BHGE) by 17.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,700 shares of the company’s stock after selling 1,800 shares during the quarter. Macquarie Group Ltd.’s holdings in Baker Hughes A GE were worth $187,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BHGE. Meeder Asset Management Inc. bought a new position in shares of Baker Hughes A GE in the fourth quarter valued at approximately $35,000. Bremer Trust National Association bought a new stake in Baker Hughes A GE during the fourth quarter worth approximately $36,000. JOYN Advisors Inc. boosted its holdings in Baker Hughes A GE by 271.0% during the fourth quarter. JOYN Advisors Inc. now owns 1,929 shares of the company’s stock worth $41,000 after buying an additional 1,409 shares in the last quarter. First Hawaiian Bank boosted its holdings in Baker Hughes A GE by 76.0% during the fourth quarter. First Hawaiian Bank now owns 2,295 shares of the company’s stock worth $49,000 after buying an additional 991 shares in the last quarter. Finally, CKW Financial Group boosted its holdings in Baker Hughes A GE by 25.0% during the fourth quarter. CKW Financial Group now owns 2,500 shares of the company’s stock worth $54,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Shares of Baker Hughes A GE stock traded down $0.34 during midday trading on Thursday, reaching $22.61. 6,085,449 shares of the company’s stock traded hands, compared to its average volume of 4,619,404. The company has a market capitalization of $24.01 billion, a P/E ratio of 34.26, a P/E/G ratio of 0.82 and a beta of 0.80. The company has a current ratio of 1.65, a quick ratio of 1.11 and a debt-to-equity ratio of 0.18. Baker Hughes A GE Co has a 52 week low of $20.09 and a 52 week high of $37.41.

Baker Hughes A GE (NYSE:BHGE) last released its quarterly earnings results on Tuesday, April 30th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $5.62 billion for the quarter, compared to the consensus estimate of $5.63 billion. Baker Hughes A GE had a net margin of 0.68% and a return on equity of 0.88%. Baker Hughes A GE’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 EPS. On average, equities research analysts predict that Baker Hughes A GE Co will post 0.99 earnings per share for the current year.

A number of brokerages recently weighed in on BHGE. Zacks Investment Research upgraded shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Royal Bank of Canada reduced their target price on shares of Baker Hughes A GE to $33.00 and set an “average” rating for the company in a report on Wednesday, May 1st. Wells Fargo & Co reduced their target price on shares of Baker Hughes A GE from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. Societe Generale started coverage on shares of Baker Hughes A GE in a research report on Wednesday, February 27th. They issued a “buy” rating and a $36.00 price target for the company. Finally, ValuEngine upgraded shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $35.56.

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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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