Rice Hall James & Associates LLC reduced its position in shares of Flir Systems Inc. (NASDAQ:FLIR) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,102 shares of the company’s stock after selling 2,738 shares during the period. Rice Hall James & Associates LLC’s holdings in Flir Systems were worth $2,943,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in FLIR. Hermes Investment Management Ltd. raised its position in Flir Systems by 5.6% in the second quarter. Hermes Investment Management Ltd. now owns 1,112,874 shares of the company’s stock valued at $34,443,000 after buying an additional 58,836 shares during the period. Geode Capital Management LLC raised its position in Flir Systems by 2.6% in the first quarter. Geode Capital Management LLC now owns 1,170,368 shares of the company’s stock valued at $38,486,000 after buying an additional 29,288 shares during the period. Pictet Asset Management Ltd. raised its position in Flir Systems by 8.5% in the first quarter. Pictet Asset Management Ltd. now owns 168,314 shares of the company’s stock valued at $5,211,000 after buying an additional 13,200 shares during the period. Loomis Sayles & Co. L P acquired a new position in Flir Systems during the first quarter valued at $12,194,000. Finally, Orca Investment Management LLC raised its position in Flir Systems by 80.5% in the second quarter. Orca Investment Management LLC now owns 80,531 shares of the company’s stock valued at $2,492,000 after buying an additional 35,921 shares during the period. Hedge funds and other institutional investors own 90.74% of the company’s stock.
Shares of Flir Systems Inc. (NASDAQ:FLIR) traded down 0.49% during trading on Thursday, reaching $30.69. 857,688 shares of the company traded hands. The stock has a market cap of $4.21 billion, a P/E ratio of 22.65 and a beta of 0.51. The stock’s 50 day moving average price is $31.07 and its 200-day moving average price is $31.47. Flir Systems Inc. has a 12 month low of $25.12 and a 12 month high of $34.09.
Flir Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. The firm earned $402.70 million during the quarter, compared to analyst estimates of $401.56 million. Flir Systems had a return on equity of 12.68% and a net margin of 11.85%. Flir Systems’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.36 earnings per share. On average, equities research analysts expect that Flir Systems Inc. will post $1.61 EPS for the current fiscal year.
FLIR has been the subject of a number of analyst reports. Imperial Capital reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Flir Systems in a research note on Friday, September 9th. Drexel Hamilton reaffirmed a “buy” rating and set a $36.00 price objective on shares of Flir Systems in a research note on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price objective on shares of Flir Systems in a research note on Tuesday. Robert W. Baird initiated coverage on shares of Flir Systems in a research note on Wednesday. They set a “neutral” rating and a $34.00 price objective for the company. Finally, Raymond James Financial Inc. lowered shares of Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 price objective for the company. in a research note on Monday, July 25th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $36.13.
In related news, VP Jeffrey Frank sold 10,000 shares of Flir Systems stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $30.73, for a total value of $307,300.00. Following the completion of the sale, the vice president now directly owns 21,769 shares in the company, valued at $668,961.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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