Russell Investments Group Ltd. Has $22.03 Million Stock Holdings in FLIR Systems, Inc. (NASDAQ:FLIR)


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Russell Investments Group Ltd. grew its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 45.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 502,786 shares of the scientific and technical instruments company’s stock after buying an additional 157,717 shares during the quarter. Russell Investments Group Ltd.’s holdings in FLIR Systems were worth $22,029,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Y Intercept Hong Kong Ltd acquired a new stake in FLIR Systems in the fourth quarter worth about $505,000. Ceredex Value Advisors LLC increased its position in FLIR Systems by 4.8% in the fourth quarter. Ceredex Value Advisors LLC now owns 2,584,147 shares of the scientific and technical instruments company’s stock worth $113,263,000 after purchasing an additional 117,647 shares during the period. SG Americas Securities LLC increased its position in FLIR Systems by 356.5% in the fourth quarter. SG Americas Securities LLC now owns 14,598 shares of the scientific and technical instruments company’s stock worth $640,000 after purchasing an additional 11,400 shares during the period. Vestmark Advisory Solutions Inc. increased its position in FLIR Systems by 1.5% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 33,965 shares of the scientific and technical instruments company’s stock worth $1,489,000 after purchasing an additional 493 shares during the period. Finally, Graves Light Private Wealth Management Inc. acquired a new stake in FLIR Systems in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

NASDAQ:FLIR opened at $55.04 on Tuesday. FLIR Systems, Inc. has a fifty-two week low of $23.85 and a fifty-two week high of $57.47. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.52 and a quick ratio of 1.55. The stock has a market capitalization of $7.22 billion, a PE ratio of 52.42 and a beta of 1.52. The business’s 50-day simple moving average is $53.96 and its 200-day simple moving average is $41.83.

A number of analysts recently commented on FLIR shares. Raymond James lowered FLIR Systems from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, January 5th. Berenberg Bank cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Thursday, January 7th. William Blair cut FLIR Systems from an “outperform” rating to a “market perform” rating in a report on Monday, January 4th. Needham & Company LLC cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Tuesday, January 5th. Finally, Truist raised their target price on FLIR Systems from $40.00 to $56.00 in a report on Tuesday, January 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $48.13.

FLIR Systems Profile

FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.

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

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