Badger Meter, Inc. (NYSE:BMI) Shares Sold by Values First Advisors Inc.

Values First Advisors Inc. cut its holdings in Badger Meter, Inc. (NYSE:BMI) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 8,686 shares of the scientific and technical instruments company’s stock after selling 335 shares during the period. Badger Meter accounts for about 1.0% of Values First Advisors Inc.’s holdings, making the stock its 23rd biggest position. Values First Advisors Inc.’s holdings in Badger Meter were worth $1,842,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BMI. Charles Schwab Investment Management Inc. grew its stake in shares of Badger Meter by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 338,198 shares of the scientific and technical instruments company’s stock valued at $73,866,000 after buying an additional 19,848 shares during the period. KBC Group NV grew its stake in shares of Badger Meter by 0.8% during the 3rd quarter. KBC Group NV now owns 331,769 shares of the scientific and technical instruments company’s stock valued at $72,462,000 after buying an additional 2,515 shares during the period. Congress Asset Management Co. grew its stake in shares of Badger Meter by 2.8% during the 3rd quarter. Congress Asset Management Co. now owns 295,027 shares of the scientific and technical instruments company’s stock valued at $64,437,000 after buying an additional 7,967 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Badger Meter by 26.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 83,270 shares of the scientific and technical instruments company’s stock valued at $18,187,000 after buying an additional 17,483 shares during the period. Finally, Algert Global LLC grew its stake in shares of Badger Meter by 39.3% during the 3rd quarter. Algert Global LLC now owns 77,333 shares of the scientific and technical instruments company’s stock valued at $16,890,000 after buying an additional 21,799 shares during the period. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Badger Meter Trading Up 0.4 %

Shares of Badger Meter stock opened at $216.43 on Wednesday. The company has a fifty day moving average price of $217.23 and a 200 day moving average price of $212.03. Badger Meter, Inc. has a twelve month low of $147.96 and a twelve month high of $239.11. The stock has a market cap of $6.37 billion, a price-to-earnings ratio of 51.16, a price-to-earnings-growth ratio of 3.85 and a beta of 0.78.

Badger Meter (NYSE:BMI) last announced its quarterly earnings results on Friday, January 31st. The scientific and technical instruments company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. Badger Meter had a net margin of 15.12% and a return on equity of 21.77%. Analysts forecast that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on BMI. Maxim Group boosted their price objective on shares of Badger Meter from $235.00 to $245.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Robert W. Baird upped their price target on shares of Badger Meter from $184.00 to $203.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, Stifel Nicolaus upped their price target on shares of Badger Meter from $208.00 to $209.00 and gave the stock a “hold” rating in a research report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $218.75.

About Badger Meter

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.