Foyston Gordon & Payne Inc Acquires Shares of 140,613 Baker Hughes, a GE company Class A (BHGE)

Foyston Gordon & Payne Inc acquired a new position in Baker Hughes, a GE company Class A (NYSE:BHGE) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 140,613 shares of the company’s stock, valued at approximately $5,149,000. Baker Hughes, a GE company Class A accounts for 0.9% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its 28th largest position.

Several other large investors have also modified their holdings of BHGE. ValueAct Holdings L.P. bought a new position in shares of Baker Hughes, a GE company Class A in the 3rd quarter worth approximately $1,150,154,000. American Century Companies Inc. bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $219,160,000. TCW Group Inc. bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $139,949,000. Bank of New York Mellon Corp bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $126,754,000. Finally, Janus Henderson Group PLC bought a new stake in Baker Hughes, a GE company Class A during the 3rd quarter worth approximately $84,073,000. Hedge funds and other institutional investors own 89.29% of the company’s stock.

Baker Hughes, a GE company Class A (NYSE:BHGE) traded up $0.59 during mid-day trading on Tuesday, hitting $32.23. 3,652,200 shares of the company were exchanged, compared to its average volume of 3,351,200. Baker Hughes, a GE company Class A has a 1 year low of $29.62 and a 1 year high of $65.80. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.90. The stock has a market capitalization of $13,550.00 and a price-to-earnings ratio of -4.92.

Baker Hughes, a GE company Class A (NYSE:BHGE) last posted its earnings results on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.07). Baker Hughes, a GE company Class A had a negative net margin of 6.66% and a negative return on equity of 0.84%. The business had revenue of $5.38 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Baker Hughes, a GE company Class A’s revenue was up 77.7% compared to the same quarter last year. research analysts anticipate that Baker Hughes, a GE company Class A will post 0.45 EPS for the current fiscal year.

A number of equities research analysts have commented on BHGE shares. Cowen set a $50.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Royal Bank of Canada set a $44.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research note on Saturday, October 7th. Morgan Stanley set a $53.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research note on Monday, October 23rd. Citigroup decreased their target price on shares of Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, October 25th. Finally, Barclays set a $41.00 target price on shares of Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company’s stock. Baker Hughes, a GE company Class A has an average rating of “Hold” and an average target price of $40.58.

In other Baker Hughes, a GE company Class A news, insider Matthias L. Heilmann bought 1,500 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was purchased at an average cost of $30.04 per share, with a total value of $45,060.00. Following the completion of the acquisition, the insider now owns 3,500 shares in the company, valued at approximately $105,140. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.66% of the company’s stock.

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Baker Hughes, a GE company Class A Company Profile

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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