Natixis Asset Management reduced its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 21.6% during the third quarter, Holdings Channel reports. The firm owned 17,200 shares of the company’s stock after selling 4,727 shares during the period. Natixis Asset Management’s holdings in FLIR Systems were worth $540,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of FLIR. Vanguard Group Inc. increased its position in shares of FLIR Systems by 1.4% in the second quarter. Vanguard Group Inc. now owns 12,550,865 shares of the company’s stock worth $388,450,000 after buying an additional 167,560 shares during the period. Victory Capital Management Inc. increased its position in FLIR Systems by 20.5% in the third quarter. Victory Capital Management Inc. now owns 3,089,778 shares of the company’s stock valued at $97,081,000 after buying an additional 526,686 shares during the period. BlackRock Fund Advisors increased its position in FLIR Systems by 3.8% in the third quarter. BlackRock Fund Advisors now owns 2,283,338 shares of the company’s stock valued at $71,742,000 after buying an additional 82,574 shares during the period. Chevy Chase Trust Holdings Inc. increased its position in FLIR Systems by 31.9% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 1,494,375 shares of the company’s stock valued at $46,953,000 after buying an additional 361,040 shares during the period. Finally, Northern Trust Corp increased its position in FLIR Systems by 0.3% in the third quarter. Northern Trust Corp now owns 1,405,331 shares of the company’s stock valued at $44,155,000 after buying an additional 3,971 shares during the period. Institutional investors and hedge funds own 89.19% of the company’s stock.
Shares of FLIR Systems, Inc. (NASDAQ:FLIR) traded up 0.43% during mid-day trading on Wednesday, reaching $35.40. 550,368 shares of the company traded hands. The stock’s 50-day moving average is $36.11 and its 200-day moving average is $32.85. The company has a market capitalization of $4.82 billion, a P/E ratio of 27.83 and a beta of 0.53. FLIR Systems, Inc. has a 52 week low of $26.48 and a 52 week high of $37.17.
FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Wednesday, October 26th. The company reported $0.43 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $405.20 million for the quarter, compared to the consensus estimate of $161.36 million. FLIR Systems had a net margin of 10.79% and a return on equity of 12.80%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. On average, equities analysts predict that FLIR Systems, Inc. will post $1.61 EPS for the current fiscal year.
Several research firms recently weighed in on FLIR. Zacks Investment Research downgraded shares of FLIR Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, December 27th. Needham & Company LLC upped their price target on shares of FLIR Systems from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, December 1st. Imperial Capital reduced their price target on shares of FLIR Systems from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Friday, November 4th. Drexel Hamilton restated a “buy” rating and set a $36.00 price target on shares of FLIR Systems in a research report on Monday, October 3rd. Finally, Robert W. Baird began coverage on shares of FLIR Systems in a research report on Wednesday, October 5th. They set a “neutral” rating and a $34.00 price target for the company. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $36.56.
In other news, Director Earl R. Lewis sold 52,000 shares of FLIR Systems stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $32.40, for a total value of $1,684,800.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John D. Carter sold 20,000 shares of FLIR Systems stock in a transaction dated Friday, October 28th. The shares were sold at an average price of $32.66, for a total transaction of $653,200.00. The disclosure for this sale can be found here. 3.00% of the stock is currently 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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