Fenimore Asset Management Inc. boosted its stake in Flir Systems Inc. (NASDAQ:FLIR) by 2.3% during the third quarter, Holdings Channel reports. The institutional investor owned 1,138,485 shares of the company’s stock after buying an additional 25,575 shares during the period. Flir Systems accounts for approximately 1.7% of Fenimore Asset Management Inc.’s investment portfolio, making the stock its 23rd largest position. Fenimore Asset Management Inc.’s holdings in Flir Systems were worth $35,771,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Carroll Financial Associates Inc. bought a new stake in shares of Flir Systems during the second quarter worth $105,000. Nordea Investment Management AB boosted its stake in shares of Flir Systems by 9.6% in the second quarter. Nordea Investment Management AB now owns 3,763 shares of the company’s stock worth $116,000 after buying an additional 331 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Flir Systems during the second quarter worth $200,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Flir Systems during the second quarter worth $213,000. Finally, Norinchukin Bank The boosted its stake in shares of Flir Systems by 2.2% in the second quarter. Norinchukin Bank The now owns 7,218 shares of the company’s stock worth $223,000 after buying an additional 157 shares during the period. Institutional investors and hedge funds own 90.74% of the company’s stock.
Shares of Flir Systems Inc. (NASDAQ:FLIR) traded down 1.07% on Wednesday, hitting $29.55. The stock had a trading volume of 263,208 shares. The stock has a 50 day moving average price of $31.04 and a 200-day moving average price of $31.38. Flir Systems Inc. has a 12-month low of $25.12 and a 12-month high of $34.09. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 21.81 and a beta of 0.51.
Flir Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. Flir Systems had a net margin of 11.85% and a return on equity of 12.68%. The firm earned $402.70 million during the quarter, compared to analyst estimates of $401.56 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Flir Systems Inc. will post $1.61 earnings per share for the current year.
A number of equities research analysts recently weighed in on the company. Seaport Global Securities assumed coverage on Flir Systems in a research note on Friday, October 7th. They set a “buy” rating and a $36.00 price objective for the company. Zacks Investment Research upgraded Flir Systems from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Drexel Hamilton restated a “buy” rating and set a $36.00 price objective on shares of Flir Systems in a research note on Monday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $36.00 price objective on shares of Flir Systems in a research note on Tuesday, October 4th. Finally, Imperial Capital restated an “outperform” rating and set a $40.00 price objective on shares of Flir Systems in a research note on Friday, September 9th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $36.11.
In other news, VP Jeffrey Frank sold 10,000 shares of Flir Systems stock in a transaction on 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 of the company’s stock, valued at $668,961.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.00% of the stock is owned by insiders.
About Flir Systems
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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