GSA Capital Partners LLP Has $808,000 Position in Badger Meter, Inc. (NYSE:BMI)

GSA Capital Partners LLP trimmed its holdings in shares of Badger Meter, Inc. (NYSE:BMI - Free Report) by 45.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,698 shares of the scientific and technical instruments company's stock after selling 3,040 shares during the period. GSA Capital Partners LLP's holdings in Badger Meter were worth $808,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Badger Meter by 0.6% during the first quarter. Vanguard Group Inc. now owns 3,674,493 shares of the scientific and technical instruments company's stock worth $594,570,000 after buying an additional 22,707 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Badger Meter by 15.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 22,636 shares of the scientific and technical instruments company's stock worth $4,218,000 after acquiring an additional 2,964 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in Badger Meter by 33.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,540 shares of the scientific and technical instruments company's stock valued at $1,867,000 after purchasing an additional 2,888 shares during the period. Private Advisor Group LLC increased its stake in Badger Meter by 4.5% in the third quarter. Private Advisor Group LLC now owns 1,635 shares of the scientific and technical instruments company's stock valued at $357,000 after purchasing an additional 71 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new stake in Badger Meter in the second quarter worth $1,704,000. 89.01% of the stock is currently owned by institutional investors and hedge funds.

Badger Meter Trading Down 2.0 %

Shares of BMI stock traded down $4.33 on Friday, hitting $215.32. 160,164 shares of the stock were exchanged, compared to its average volume of 199,884. The firm has a market capitalization of $6.33 billion, a P/E ratio of 53.43, a price-to-earnings-growth ratio of 2.70 and a beta of 0.78. Badger Meter, Inc. has a fifty-two week low of $139.50 and a fifty-two week high of $230.76. The business has a 50-day moving average of $213.72 and a 200 day moving average of $201.09.

Badger Meter (NYSE:BMI - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The scientific and technical instruments company reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.11 by ($0.03). Badger Meter had a return on equity of 21.56% and a net margin of 14.80%. The firm had revenue of $208.44 million for the quarter, compared to analyst estimates of $212.08 million. During the same period last year, the company earned $0.88 EPS. The company's revenue was up 11.9% compared to the same quarter last year. As a group, research analysts forecast that Badger Meter, Inc. will post 4.19 EPS for the current fiscal year.

Badger Meter Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.34 per share. The ex-dividend date is Friday, November 22nd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.63%. Badger Meter's dividend payout ratio is 33.75%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Badger Meter from a "buy" rating to a "hold" rating in a report on Thursday, August 1st. Robert W. Baird increased their price target on Badger Meter from $184.00 to $203.00 and gave the stock a "neutral" rating in a report on Friday, October 18th. Maxim Group raised their price target on Badger Meter from $216.00 to $235.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. Stifel Nicolaus boosted their price objective on Badger Meter from $189.00 to $203.00 and gave the company a "hold" rating in a research report on Wednesday, October 16th. Finally, Argus raised their target price on shares of Badger Meter from $204.00 to $218.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $214.75.

Insider Activity at Badger Meter

In other Badger Meter news, VP Kimberly K. Stoll sold 1,097 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $205.00, for a total value of $224,885.00. Following the completion of the sale, the vice president now owns 3,861 shares in the company, valued at $791,505. This trade represents a 22.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is owned by company insiders.

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.