2,019 Shares in Badger Meter, Inc. (NYSE:BMI) Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP acquired a new position in Badger Meter, Inc. (NYSE:BMI) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 2,019 shares of the scientific and technical instruments company’s stock, valued at approximately $327,000.

Other large investors have also modified their holdings of the company. Wealth Alliance acquired a new position in Badger Meter during the 4th quarter valued at about $204,000. Allianz Asset Management GmbH increased its stake in Badger Meter by 2.9% during the 4th quarter. Allianz Asset Management GmbH now owns 254,870 shares of the scientific and technical instruments company’s stock valued at $39,344,000 after buying an additional 7,094 shares during the period. Vanguard Group Inc. increased its stake in Badger Meter by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,674,493 shares of the scientific and technical instruments company’s stock valued at $594,570,000 after buying an additional 22,707 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Badger Meter by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 288,004 shares of the scientific and technical instruments company’s stock valued at $44,459,000 after buying an additional 4,766 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Badger Meter during the 4th quarter valued at about $1,069,000. Institutional investors and hedge funds own 89.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Maxim Group raised their target price on shares of Badger Meter from $190.00 to $207.00 and gave the company a “buy” rating in a research note on Friday, April 19th. StockNews.com upgraded shares of Badger Meter from a “hold” rating to a “buy” rating in a research report on Wednesday, July 17th. Argus raised their price objective on shares of Badger Meter from $204.00 to $218.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Stifel Nicolaus raised their price objective on shares of Badger Meter from $175.00 to $192.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Finally, Northcoast Research upgraded shares of Badger Meter from a “sell” rating to a “neutral” rating in a research report on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Badger Meter presently has a consensus rating of “Moderate Buy” and an average target price of $184.20.

Badger Meter Price Performance

Shares of BMI opened at $206.28 on Thursday. Badger Meter, Inc. has a one year low of $134.06 and a one year high of $210.29. The company has a 50-day moving average of $192.28 and a two-hundred day moving average of $173.85. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 59.45, a PEG ratio of 2.78 and a beta of 0.78.

Badger Meter (NYSE:BMI) last announced its earnings results on Friday, July 19th. The scientific and technical instruments company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.03 by $0.09. Badger Meter had a net margin of 14.44% and a return on equity of 21.42%. The company had revenue of $216.70 million during the quarter, compared to analysts’ expectations of $203.39 million. During the same period last year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts anticipate that Badger Meter, Inc. will post 4.06 earnings per share for the current year.

Badger Meter Company Profile

Badger Meter, Inc manufactures and markets flow measurement, quality, control, and communication solutions worldwide. It offers mechanical or static water meters, and related radio and software technologies and services to municipal water utilities market. The company also provides flow instrumentation products, including meters, valves, and other sensing instruments to measure and control fluids going through a pipe or pipeline, including water, air, steam, and other liquids and gases to original equipment manufacturers as the primary flow measurement device within a product or system, as well as through manufacturers' representatives.