Allianz Asset Management GmbH Has $20.81 Million Holdings in Badger Meter, Inc. $BMI

Allianz Asset Management GmbH cut its holdings in shares of Badger Meter, Inc. (NYSE:BMI) by 15.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,510 shares of the scientific and technical instruments company’s stock after selling 21,180 shares during the period. Allianz Asset Management GmbH’s holdings in Badger Meter were worth $20,806,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BMI. Salomon & Ludwin LLC bought a new position in shares of Badger Meter during the 3rd quarter valued at about $38,000. Cullen Frost Bankers Inc. increased its position in shares of Badger Meter by 170.5% during the second quarter. Cullen Frost Bankers Inc. now owns 165 shares of the scientific and technical instruments company’s stock worth $41,000 after acquiring an additional 104 shares in the last quarter. Global X Japan Co. Ltd. lifted its position in Badger Meter by 27.3% in the 3rd quarter. Global X Japan Co. Ltd. now owns 266 shares of the scientific and technical instruments company’s stock valued at $48,000 after acquiring an additional 57 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Badger Meter during the 2nd quarter worth about $49,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of Badger Meter in the 2nd quarter valued at about $54,000. 89.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BMI has been the subject of several recent research reports. Barclays set a $136.00 price objective on Badger Meter and gave the stock an “underweight” rating in a research report on Thursday, January 29th. Robert W. Baird set a $165.00 price target on shares of Badger Meter in a research note on Thursday, January 29th. Argus downgraded shares of Badger Meter from a “buy” rating to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Badger Meter in a research report on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $167.00 target price on shares of Badger Meter in a research report on Thursday, January 29th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Badger Meter presently has a consensus rating of “Hold” and an average target price of $181.88.

Badger Meter Stock Performance

Shares of NYSE:BMI opened at $150.96 on Friday. Badger Meter, Inc. has a 52-week low of $139.14 and a 52-week high of $256.08. The company has a market capitalization of $4.45 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. The company has a 50-day simple moving average of $171.72 and a 200 day simple moving average of $178.68.

Badger Meter (NYSE:BMI) last released its quarterly earnings data on Wednesday, January 28th. The scientific and technical instruments company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.01). Badger Meter had a net margin of 15.45% and a return on equity of 20.71%. The business had revenue of $220.71 million during the quarter, compared to the consensus estimate of $232.30 million. During the same quarter in the prior year, the company earned $1.04 EPS. Badger Meter’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that Badger Meter, Inc. will post 4.65 earnings per share for the current year.

About Badger Meter

Badger Meter, founded in 1905 and headquartered in Milwaukee, Wisconsin, is a global leader in flow measurement and control solutions. The company’s core business centers on the design, manufacture and sale of water meters, control valves and related accessories for municipal and industrial water utilities. Over its more than a century of operation, Badger Meter has built a reputation for precision engineering, durability and compliance with international regulatory standards.

The company’s product portfolio includes mechanical and ultrasonic water meters, electromagnetic flow meters for industrial applications, and a range of control valves that help utilities manage pressure and flow in distribution networks.