First Quadrant L P CA raised its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 3,681.6% during the second quarter, Holdings Channel reports. The fund owned 75,631 shares of the scientific and technical instruments company’s stock after buying an additional 73,631 shares during the period. First Quadrant L P CA’s holdings in FLIR Systems were worth $2,621,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. boosted its position in shares of FLIR Systems by 4.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,638 shares of the scientific and technical instruments company’s stock worth $123,000 after buying an additional 163 shares during the last quarter. DnB Asset Management AS acquired a new position in shares of FLIR Systems during the first quarter worth approximately $437,000. Cribstone Capital Management LLC acquired a new position in shares of FLIR Systems during the first quarter worth approximately $106,000. Fox Run Management L.L.C. acquired a new position in shares of FLIR Systems during the first quarter worth approximately $287,000. Finally, Bank of Montreal Can boosted its position in shares of FLIR Systems by 809.4% in the first quarter. Bank of Montreal Can now owns 352,523 shares of the scientific and technical instruments company’s stock worth $12,790,000 after buying an additional 313,757 shares during the last quarter. 92.10% of the stock is currently owned by institutional investors and hedge funds.
FLIR Systems, Inc. (NASDAQ FLIR) opened at 38.12 on Monday. The firm has a market capitalization of $5.20 billion, a PE ratio of 25.40 and a beta of 0.58. The firm has a 50-day moving average of $36.32 and a 200 day moving average of $36.29. FLIR Systems, Inc. has a 52 week low of $28.26 and a 52 week high of $38.94.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $406.80 million for the quarter, compared to analyst estimates of $408.57 million. FLIR Systems had a return on equity of 13.58% and a net margin of 12.32%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share. Analysts predict that FLIR Systems, Inc. will post $1.85 earnings per share for the current year.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a report on Tuesday, June 27th. Raymond James Financial, Inc. raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a report on Monday, July 10th. UBS AG raised shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a report on Monday, July 10th. Finally, Stephens assumed coverage on shares of FLIR Systems in a report on Friday, July 7th. They issued an “overweight” rating on the stock. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $37.63.
In other news, VP Jeffrey Frank sold 13,971 shares of FLIR Systems stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $37.40, for a total transaction of $522,515.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William Wright Crouch sold 38,800 shares of FLIR Systems stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $35.95, for a total value of $1,394,860.00. Following the sale, the director now owns 36,006 shares of the company’s stock, valued at $1,294,415.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 71,771 shares of company stock worth $2,625,195. 3.00% of the stock is owned by corporate insiders.
FLIR Systems Company Profile
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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