Y Intercept Hong Kong Ltd Purchases Shares of 875 Badger Meter, Inc. $BMI

Y Intercept Hong Kong Ltd purchased a new position in Badger Meter, Inc. (NYSE:BMI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 875 shares of the scientific and technical instruments company’s stock, valued at approximately $214,000.

A number of other large investors have also modified their holdings of the business. SBI Securities Co. Ltd. boosted its stake in Badger Meter by 83.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 194 shares of the scientific and technical instruments company’s stock worth $37,000 after purchasing an additional 88 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in Badger Meter during the 1st quarter valued at approximately $37,000. Cullen Frost Bankers Inc. raised its holdings in shares of Badger Meter by 170.5% in the second quarter. Cullen Frost Bankers Inc. now owns 165 shares of the scientific and technical instruments company’s stock worth $41,000 after buying an additional 104 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Badger Meter during the first quarter worth $67,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Badger Meter during the second quarter worth $80,000. Hedge funds and other institutional investors own 89.01% of the company’s stock.

Analysts Set New Price Targets

BMI has been the subject of a number of research analyst reports. Weiss Ratings lowered Badger Meter from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Robert W. Baird set a $205.00 price objective on Badger Meter and gave the company a “neutral” rating in a report on Monday, October 20th. Zacks Research upgraded Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. JPMorgan Chase & Co. assumed coverage on Badger Meter in a research report on Tuesday, September 9th. They issued an “overweight” rating and a $230.00 target price on the stock. Finally, Royal Bank Of Canada set a $229.00 price target on shares of Badger Meter and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $227.33.

Badger Meter Stock Performance

NYSE BMI opened at $187.68 on Friday. The firm has a market capitalization of $5.53 billion, a P/E ratio of 39.93, a PEG ratio of 3.02 and a beta of 0.94. The stock has a 50-day simple moving average of $180.05 and a two-hundred day simple moving average of $208.54. Badger Meter, Inc. has a fifty-two week low of $162.17 and a fifty-two week high of $256.08.

Badger Meter (NYSE:BMI) last issued its earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.08. The firm had revenue of $235.65 million for the quarter, compared to the consensus estimate of $231.88 million. Badger Meter had a return on equity of 21.12% and a net margin of 15.40%.The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.08 earnings per share. As a group, analysts forecast that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Badger Meter 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.