FLIR Systems, Inc. (FLIR) Shares Bought by Segall Bryant & Hamill LLC

Share on StockTwits

Segall Bryant & Hamill LLC grew its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,493,701 shares of the scientific and technical instruments company’s stock after acquiring an additional 146,473 shares during the quarter. FLIR Systems makes up approximately 1.1% of Segall Bryant & Hamill LLC’s holdings, making the stock its 9th largest position. Segall Bryant & Hamill LLC’s holdings in FLIR Systems were worth $65,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FLIR. D. E. Shaw & Co. Inc. boosted its position in FLIR Systems by 67.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,660,531 shares of the scientific and technical instruments company’s stock valued at $72,300,000 after purchasing an additional 667,024 shares during the period. King Luther Capital Management Corp boosted its position in FLIR Systems by 72.6% during the 4th quarter. King Luther Capital Management Corp now owns 1,118,637 shares of the scientific and technical instruments company’s stock worth $48,705,000 after acquiring an additional 470,501 shares during the period. Janus Henderson Group PLC boosted its position in FLIR Systems by 61.6% during the 3rd quarter. Janus Henderson Group PLC now owns 1,023,772 shares of the scientific and technical instruments company’s stock worth $62,931,000 after acquiring an additional 390,135 shares during the period. Panagora Asset Management Inc. boosted its position in FLIR Systems by 2,171.2% during the 3rd quarter. Panagora Asset Management Inc. now owns 399,346 shares of the scientific and technical instruments company’s stock worth $24,548,000 after acquiring an additional 381,763 shares during the period. Finally, Fenimore Asset Management Inc. boosted its position in FLIR Systems by 29.1% during the 4th quarter. Fenimore Asset Management Inc. now owns 1,428,791 shares of the scientific and technical instruments company’s stock worth $62,210,000 after acquiring an additional 322,158 shares during the period. Institutional investors and hedge funds own 91.23% of the company’s stock.

A number of brokerages have issued reports on FLIR. BidaskClub lowered FLIR Systems from a “hold” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded FLIR Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. ValuEngine upgraded FLIR Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. SunTrust Banks boosted their price target on FLIR Systems to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. Finally, Raymond James lowered FLIR Systems from a “strong-buy” rating to an “outperform” rating in a research report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $62.29.

Shares of FLIR stock opened at $48.18 on Thursday. The company has a quick ratio of 2.98, a current ratio of 4.09 and a debt-to-equity ratio of 0.22. FLIR Systems, Inc. has a 1 year low of $40.52 and a 1 year high of $63.88. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 21.70 and a beta of 1.11.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.02. FLIR Systems had a return on equity of 16.86% and a net margin of 15.90%. The company had revenue of $448.50 million during the quarter, compared to analyst estimates of $463.91 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’s quarterly revenue was down 9.4% on a year-over-year basis. Equities analysts expect that FLIR Systems, Inc. will post 2.34 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 22nd were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Thursday, February 21st. This is an increase from FLIR Systems’s previous quarterly dividend of $0.16. FLIR Systems’s payout ratio is currently 30.63%.

In other news, SVP Todd M. Duchene sold 10,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $50.60, for a total transaction of $506,000.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Earl R. Lewis sold 132,100 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $52.11, for a total value of $6,883,731.00. Following the sale, the director now directly owns 635,487 shares in the company, valued at $33,115,227.57. The disclosure for this sale can be found here. Insiders sold a total of 283,778 shares of company stock worth $14,651,805 in the last three months. Company insiders own 2.00% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4238712/flir-systems-inc-flir-shares-bought-by-segall-bryant-hamill-llc.html.

About FLIR Systems

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

Further Reading: Cryptocurrencies

Want to see what other hedge funds are holding FLIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FLIR Systems, Inc. (NASDAQ:FLIR).

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

Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Capital Management Corp VA Has $3.34 Million Position in Charles Schwab Co.
Capital Management Corp VA Has $3.34 Million Position in Charles Schwab Co.
Capital Management Corp VA Raises Position in Hospitality Properties Trust
Capital Management Corp VA Raises Position in Hospitality Properties Trust
Donald L. Hagan LLC Invests $1.47 Million in Invesco Ltd.  Stock
Donald L. Hagan LLC Invests $1.47 Million in Invesco Ltd. Stock
Philip Morris International Inc.  Shares Sold by Valeo Financial Advisors LLC
Philip Morris International Inc. Shares Sold by Valeo Financial Advisors LLC
State of Alaska Department of Revenue Has $200,000 Stake in Regis Co.
State of Alaska Department of Revenue Has $200,000 Stake in Regis Co.
Union Pacific Co.  Shares Bought by Vigilant Capital Management LLC
Union Pacific Co. Shares Bought by Vigilant Capital Management LLC


© 2006-2019 Ticker Report