LMR Partners LLP reduced its stake in shares of Flir Systems Inc. (NASDAQ:FLIR) by 6.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,485 shares of the company’s stock after selling 477 shares during the period. LMR Partners LLP’s holdings in Flir Systems were worth $231,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in FLIR. Cardinal Capital Management boosted its stake in Flir Systems by 7.5% in the second quarter. Cardinal Capital Management now owns 9,774 shares of the company’s stock valued at $303,000 after buying an additional 686 shares during the period. Capital Fund Management S.A. bought a new stake in shares of Flir Systems during the second quarter worth approximately $634,000. Strs Ohio boosted its stake in shares of Flir Systems by 14,180.6% in the second quarter. Strs Ohio now owns 400,000 shares of the company’s stock worth $12,380,000 after buying an additional 397,199 shares during the period. First Merchants Corp boosted its stake in shares of Flir Systems by 6.4% in the second quarter. First Merchants Corp now owns 45,121 shares of the company’s stock worth $1,396,000 after buying an additional 2,699 shares during the period. Finally, Orca Investment Management LLC boosted its stake in shares of Flir Systems by 80.5% in the second quarter. Orca Investment Management LLC now owns 80,531 shares of the company’s stock worth $2,492,000 after buying an additional 35,921 shares during the period. 90.74% of the stock is owned by institutional investors.
Flir Systems Inc. (NASDAQ:FLIR) traded up 0.14% on Friday, reaching $29.28. The company’s stock had a trading volume of 452,335 shares. Flir Systems Inc. has a 52-week low of $25.12 and a 52-week high of $34.09. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 21.61 and a beta of 0.51. The firm’s 50-day moving average price is $30.89 and its 200-day moving average price is $31.33.
Flir Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, July 27th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.01. Flir Systems had a return on equity of 12.68% and a net margin of 11.85%. The business had revenue of $402.70 million for the quarter, compared to the consensus estimate of $401.56 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. 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 commented on FLIR shares. Robert W. Baird started coverage on Flir Systems in a research note on Wednesday, October 5th. They set a “neutral” rating and a $34.00 price objective for the company. Raymond James Financial Inc. cut Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 price objective for the company. in a research note on Monday, July 25th. Zacks Investment Research raised Flir Systems from a “sell” rating to a “hold” rating in a research note on Monday, July 18th. Needham & Company LLC reaffirmed 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 reaffirmed 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 issued a buy rating to the company. Flir Systems currently has a consensus rating of “Buy” and a consensus price target of $36.11.
In other news, VP Jeffrey Frank sold 10,000 shares of the 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 transaction, the vice president now directly owns 21,769 shares in the company, valued at approximately $668,961.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.00% of the stock is owned by insiders.
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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