Mason Street Advisors LLC acquired a new stake in Flir Systems Inc. (NASDAQ:FLIR) during the second quarter, Holdings Channel reports. The firm acquired 18,538 shares of the company’s stock, valued at approximately $574,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hermes Investment Management Ltd. raised its position in Flir Systems by 5.6% in the second quarter. Hermes Investment Management Ltd. now owns 1,112,874 shares of the company’s stock valued at $34,443,000 after buying an additional 58,836 shares during the last quarter. Geode Capital Management LLC raised its position in Flir Systems by 2.6% in the first quarter. Geode Capital Management LLC now owns 1,170,368 shares of the company’s stock valued at $38,486,000 after buying an additional 29,288 shares during the last quarter. Pictet Asset Management Ltd. raised its position in Flir Systems by 8.5% in the first quarter. Pictet Asset Management Ltd. now owns 168,314 shares of the company’s stock valued at $5,211,000 after buying an additional 13,200 shares during the last quarter. Victory Capital Management Inc. raised its position in Flir Systems by 37.7% in the second quarter. Victory Capital Management Inc. now owns 2,563,092 shares of the company’s stock valued at $79,328,000 after buying an additional 701,405 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in Flir Systems during the first quarter valued at approximately $12,194,000. Institutional investors and hedge funds own 90.74% of the company’s stock.
Shares of Flir Systems Inc. (NASDAQ:FLIR) opened at 31.59 on Tuesday. The stock’s 50 day moving average is $31.07 and its 200-day moving average is $31.49. The firm has a market cap of $4.34 billion, a P/E ratio of 23.31 and a beta of 0.51. Flir Systems Inc. has a 52-week low of $25.12 and a 52-week high of $34.09.
Flir Systems (NASDAQ:FLIR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The firm earned $402.70 million during 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.36 EPS. Equities analysts anticipate that Flir Systems Inc. will post $1.61 earnings per share for the current fiscal year.
FLIR has been the topic of several research reports. Zacks Investment Research lowered shares of Flir Systems from a “hold” rating to a “sell” rating in a report on Wednesday, June 8th. Raymond James Financial Inc. lowered shares of Flir Systems from a “strong-buy” rating to an “outperform” rating and set a $36.00 price objective on the stock. in a research note on Monday, July 25th. Imperial Capital reiterated an “outperform” rating and set a $40.00 price objective on shares of Flir Systems in a research note on Friday, September 9th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $36.00 price objective on shares of Flir Systems in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $36.43.
In related news, VP Jeffrey Frank sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now directly owns 21,769 shares in the company, valued at approximately $668,961.37. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.00% of the stock is owned by corporate 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.
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).
Receive News & Ratings for Flir Systems Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flir Systems Inc. and related companies with MarketBeat.com's FREE daily email newsletter.