Bbva Compass Bancshares Inc. Has $1.66 Million Holdings in Badger Meter, Inc. (BMI)

Bbva Compass Bancshares Inc. raised its stake in Badger Meter, Inc. (NYSE:BMI) by 5.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,422 shares of the scientific and technical instruments company’s stock after purchasing an additional 1,535 shares during the period. Bbva Compass Bancshares Inc. owned about 0.11% of Badger Meter worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in Badger Meter by 5.8% in the first quarter. Legal & General Group Plc now owns 60,350 shares of the scientific and technical instruments company’s stock worth $2,837,000 after purchasing an additional 3,334 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in Badger Meter in the first quarter worth $224,000. Amalgamated Bank acquired a new stake in Badger Meter in the second quarter worth $209,000. Alps Advisors Inc. acquired a new stake in Badger Meter in the second quarter worth $665,000. Finally, TD Asset Management Inc. acquired a new stake in Badger Meter in the second quarter worth $746,000. 85.56% of the stock is currently owned by institutional investors.

BMI has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Badger Meter from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, October 9th. Berenberg Bank initiated coverage on shares of Badger Meter in a report on Wednesday, October 3rd. They issued a “sell” rating and a $43.00 price target for the company. Stifel Nicolaus raised their price target on shares of Badger Meter from $49.00 to $50.00 and gave the stock a “hold” rating in a report on Monday, October 8th. Maxim Group initiated coverage on shares of Badger Meter in a report on Monday. They issued a “buy” rating and a $65.00 price target for the company. Finally, Robert W. Baird restated a “hold” rating and issued a $45.00 price target on shares of Badger Meter in a report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Badger Meter presently has a consensus rating of “Hold” and a consensus target price of $50.83.

In other news, Chairman Richard A. Meeusen sold 22,430 shares of Badger Meter stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $50.01, for a total transaction of $1,121,724.30. Following the completion of the transaction, the chairman now directly owns 83,562 shares in the company, valued at $4,178,935.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Richard E. Johnson sold 19,000 shares of Badger Meter stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $50.43, for a total transaction of $958,170.00. Following the transaction, the vice president now owns 56,982 shares of the company’s stock, valued at $2,873,602.26. The disclosure for this sale can be found here. Insiders have sold 49,792 shares of company stock valued at $2,538,748 over the last quarter. Corporate insiders own 2.80% of the company’s stock.

NYSE:BMI opened at $52.12 on Wednesday. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 43.80, a P/E/G ratio of 3.73 and a beta of 0.70. Badger Meter, Inc. has a 12 month low of $41.00 and a 12 month high of $56.40.

Badger Meter (NYSE:BMI) last issued its quarterly earnings data on Wednesday, October 17th. The scientific and technical instruments company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $110.60 million during the quarter, compared to analysts’ expectations of $109.67 million. Badger Meter had a net margin of 5.58% and a return on equity of 14.21%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the company earned $0.27 earnings per share. Equities analysts predict that Badger Meter, Inc. will post 1.5 EPS for the current fiscal year.

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Badger Meter Profile

Badger Meter, Inc provides flow measurement, control, and communication solutions worldwide. It offers mechanical and electronic water meters, and related technologies and services to municipal water utilities; and meters and valves to measure and control materials flowing through a pipe or pipeline, including water, air, steam, oil, and other liquids and gases, as well as for use in water/wastewater, heating, ventilating and air conditioning, oil and gas, chemical and petrochemical, test and measurement, automotive aftermarket, and the concrete construction process industries.

Further Reading: Fundamental Analysis and Individual Investors

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Institutional Ownership by Quarter for Badger Meter (NYSE:BMI)

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