Prudential Financial Inc. raised its position in Flir Systems Inc. (NASDAQ:FLIR) by 9.6% during the second quarter, Holdings Channel reports. The fund owned 186,407 shares of the company’s stock after buying an additional 16,380 shares during the period. Prudential Financial Inc. owned 0.14% of Flir Systems worth $5,770,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in FLIR. Aperio Group LLC boosted its stake in Flir Systems by 13.9% in the first quarter. Aperio Group LLC now owns 17,059 shares of the company’s stock worth $562,000 after buying an additional 2,087 shares during the last quarter. Ngam Advisors L.P. raised its stake in shares of Flir Systems by 440.7% in the first quarter. Ngam Advisors L.P. now owns 85,813 shares of the company’s stock valued at $2,828,000 after buying an additional 69,943 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Flir Systems by 24.4% in the first quarter. TIAA CREF Investment Management LLC now owns 617,372 shares of the company’s stock valued at $20,342,000 after buying an additional 121,054 shares during the period. Teachers Advisors Inc. raised its stake in shares of Flir Systems by 25.7% in the first quarter. Teachers Advisors Inc. now owns 162,223 shares of the company’s stock valued at $5,345,000 after buying an additional 33,162 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Flir Systems by 1.2% in the first quarter. BlackRock Inc. now owns 775,480 shares of the company’s stock valued at $25,553,000 after buying an additional 9,366 shares during the period. Institutional investors own 90.74% of the company’s stock.
Flir Systems Inc. (NASDAQ:FLIR) opened at 29.87 on Wednesday. Flir Systems Inc. has a one year low of $25.12 and a one year high of $34.09. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 22.04 and a beta of 0.51. The stock’s 50 day moving average price is $31.04 and its 200 day moving average price is $31.38.
Flir Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $402.70 million for the quarter, compared to the consensus estimate of $401.56 million. Flir Systems had a net margin of 11.85% and a return on equity of 12.68%. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. Equities analysts predict that Flir Systems Inc. will post $1.61 earnings per share for the current fiscal year.
FLIR has been the subject of several recent research reports. Seaport Global Securities initiated coverage on Flir Systems in a report on Friday, October 7th. They issued a “buy” rating and a $36.00 price objective for the company. Raymond James Financial Inc. lowered Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 price objective for the company. in a report on Monday, July 25th. Drexel Hamilton reissued a “buy” rating and issued a $36.00 price objective on shares of Flir Systems in a report on Monday, October 3rd. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Flir Systems in a report on Tuesday, October 4th. Finally, Zacks Investment Research raised Flir Systems from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $36.11.
In other Flir Systems news, VP Jeffrey Frank sold 10,000 shares of the 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 transaction, the vice president now owns 21,769 shares of the company’s stock, valued at $668,961.37. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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