Vident Investment Advisory LLC lifted its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 18.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 418,185 shares of the scientific and technical instruments company’s stock after acquiring an additional 64,375 shares during the quarter. FLIR Systems makes up 0.9% of Vident Investment Advisory LLC’s investment portfolio, making the stock its 19th largest position. Vident Investment Advisory LLC’s holdings in FLIR Systems were worth $19,496,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Exane Derivatives purchased a new stake in FLIR Systems during the 4th quarter worth about $100,000. Twin Tree Management LP lifted its holdings in FLIR Systems by 110.0% during the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock worth $112,000 after purchasing an additional 1,259 shares in the last quarter. Cerebellum GP LLC purchased a new stake in FLIR Systems during the 4th quarter worth about $119,000. Advisory Services Network LLC lifted its holdings in FLIR Systems by 1,238.8% during the 4th quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock worth $125,000 after purchasing an additional 2,490 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in FLIR Systems during the 4th quarter worth about $145,000. Institutional investors own 92.96% of the company’s stock.
A number of brokerages recently issued reports on FLIR. Needham & Company LLC increased their price objective on FLIR Systems from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. BidaskClub cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Stephens set a $59.00 price objective on FLIR Systems and gave the stock a “buy” rating in a report on Friday, February 16th. ValuEngine cut FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $51.67.
Shares of FLIR Systems, Inc. (NASDAQ FLIR) opened at $50.57 on Thursday. FLIR Systems, Inc. has a 1-year low of $33.95 and a 1-year high of $52.88. The firm has a market capitalization of $7,136.31, a PE ratio of 27.32 and a beta of 0.68. The company has a quick ratio of 2.57, a current ratio of 3.51 and a debt-to-equity ratio of 0.23.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.03. FLIR Systems had a return on equity of 14.54% and a net margin of 5.96%. The firm had revenue of $494.80 million for the quarter, compared to analysts’ expectations of $501.44 million. During the same quarter last year, the firm posted $0.48 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. equities research analysts forecast that FLIR Systems, Inc. will post 2.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a $0.16 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $0.64 annualized dividend and a dividend yield of 1.27%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. FLIR Systems’s dividend payout ratio (DPR) is presently 82.05%.
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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 threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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