Versor Investments LP Makes New $221,000 Investment in Badger Meter, Inc. $BMI

Versor Investments LP acquired a new stake in shares of Badger Meter, Inc. (NYSE:BMI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 903 shares of the scientific and technical instruments company’s stock, valued at approximately $221,000.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its position in shares of 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 during the period. Banque Cantonale Vaudoise bought a new position in Badger Meter in the first quarter worth about $37,000. Cullen Frost Bankers Inc. raised its stake in 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 in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Badger Meter in the first quarter worth about $67,000. Finally, Catalyst Capital Advisors LLC bought a new stake in Badger Meter during the 2nd quarter valued at approximately $80,000. 89.01% of the stock is owned by hedge funds and other institutional investors.

Badger Meter Trading Up 0.3%

Badger Meter stock opened at $186.69 on Friday. The business’s fifty day simple moving average is $179.95 and its two-hundred day simple moving average is $208.63. Badger Meter, Inc. has a 12 month low of $162.17 and a 12 month high of $256.08. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 39.72, a price-to-earnings-growth ratio of 3.02 and a beta of 0.94.

Badger Meter (NYSE:BMI) last issued its quarterly earnings results on Wednesday, October 22nd. The scientific and technical instruments company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.08. The firm had revenue of $235.65 million during 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% on a year-over-year basis. During the same period last year, the company earned $1.08 earnings per share. On average, equities research analysts predict that Badger Meter, Inc. will post 4.65 EPS for the current year.

Wall Street Analysts Forecast Growth

BMI has been the subject of several research reports. Royal Bank Of Canada set a $229.00 target price on Badger Meter and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. started coverage on Badger Meter in a research note on Tuesday, September 9th. They issued an “overweight” rating and a $230.00 price target on the stock. Weiss Ratings lowered Badger Meter from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Stifel Nicolaus upgraded shares of Badger Meter from a “hold” rating to a “buy” rating and boosted their target price for the company from $208.00 to $215.00 in a report on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of Badger Meter from a “strong sell” rating to a “hold” rating in a research note on Monday, September 22nd. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Badger Meter has a consensus rating of “Moderate Buy” and a consensus target price of $227.33.

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.