FLIR Systems, Inc. (FLIR) Position Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 48.4% during the first quarter, Holdings Channel reports. The institutional investor owned 1,365,560 shares of the scientific and technical instruments company’s stock after buying an additional 445,500 shares during the period. Renaissance Technologies LLC’s holdings in FLIR Systems were worth $49,543,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tyers Asset Management LLC raised its position in shares of FLIR Systems by 0.4% in the first quarter. Tyers Asset Management LLC now owns 17,664 shares of the scientific and technical instruments company’s stock valued at $641,000 after buying an additional 64 shares during the period. Elkfork Partners LLC raised its position in shares of FLIR Systems by 0.4% in the first quarter. Elkfork Partners LLC now owns 24,288 shares of the scientific and technical instruments company’s stock valued at $881,000 after buying an additional 88 shares during the period. Arizona State Retirement System raised its position in shares of FLIR Systems by 0.3% in the first quarter. Arizona State Retirement System now owns 33,722 shares of the scientific and technical instruments company’s stock valued at $1,223,000 after buying an additional 100 shares during the period. Keybank National Association OH raised its position in shares of FLIR Systems by 1.0% in the fourth quarter. Keybank National Association OH now owns 10,848 shares of the scientific and technical instruments company’s stock valued at $393,000 after buying an additional 109 shares during the period. Finally, Meadow Creek Investment Management LLC raised its position in shares of FLIR Systems by 0.4% in the first quarter. Meadow Creek Investment Management LLC now owns 30,912 shares of the scientific and technical instruments company’s stock valued at $1,121,000 after buying an additional 112 shares during the period. 92.19% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

FLIR Systems, Inc. (NASDAQ:FLIR) traded down 0.22% on Tuesday, hitting $35.58. 361,347 shares of the stock traded hands. The firm’s 50-day moving average price is $37.09 and its 200-day moving average price is $36.34. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 23.70 and a beta of 0.49. FLIR Systems, Inc. has a 12-month low of $28.26 and a 12-month high of $38.94.

FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, April 26th. The scientific and technical instruments company reported $0.36 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.36. FLIR Systems had a return on equity of 13.58% and a net margin of 12.32%. The business had revenue of $406.80 million during the quarter, compared to analysts’ expectations of $408.57 million. During the same quarter in the previous year, the business earned $0.30 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that FLIR Systems, Inc. will post $1.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Stockholders of record on Friday, May 26th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, May 24th. FLIR Systems’s payout ratio is currently 39.47%.

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Several research analysts have weighed in on the stock. BidaskClub lowered shares of FLIR Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of FLIR Systems in a research note on Tuesday, February 21st. Imperial Capital lowered shares of FLIR Systems from an “outperform” rating to an “in-line” rating and set a $38.00 target price for the company. in a research note on Thursday, February 23rd. Finally, Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $36.63.

In other news, Director William Wright Crouch sold 38,800 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $35.95, for a total transaction of $1,394,860.00. Following the completion of the sale, the director now owns 36,006 shares in the company, valued at approximately $1,294,415.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Travis D. Merrill sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $37.23, for a total value of $148,920.00. The disclosure for this sale can be found here. Insiders have sold a total of 71,771 shares of company stock valued at $2,625,195 in the last quarter. Company insiders own 3.00% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FLIR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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