Castleark Management LLC bought a new position in FLIR Systems, Inc. (NASDAQ:FLIR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 111,295 shares of the scientific and technical instruments company’s stock, valued at approximately $5,189,000. Castleark Management LLC owned approximately 0.08% of FLIR Systems at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Exane Derivatives purchased a new stake in FLIR Systems in the 4th quarter worth approximately $100,000. Twin Tree Management LP increased its holdings in FLIR Systems by 110.0% in 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 acquiring an additional 1,259 shares in the last quarter. Cerebellum GP LLC purchased a new stake in FLIR Systems in the 4th quarter worth approximately $119,000. Advisory Services Network LLC increased its holdings in FLIR Systems by 1,238.8% in 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 acquiring an additional 2,490 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in FLIR Systems in the 4th quarter worth approximately $145,000. 92.96% of the stock is owned by institutional investors.
FLIR Systems stock opened at $49.93 on Monday. FLIR Systems, Inc. has a 52 week low of $33.95 and a 52 week high of $52.88. The company has a quick ratio of 2.57, a current ratio of 3.51 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $6,936.28, a P/E ratio of 64.01 and a beta of 0.68.
FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $494.80 million during the quarter, compared to the consensus estimate of $501.44 million. During the same period in the prior year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts anticipate that FLIR Systems, Inc. will post 2.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were given a dividend of $0.16 per share. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Thursday, February 22nd. FLIR Systems’s dividend payout ratio is currently 82.05%.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Needham & Company LLC upped their price target on FLIR Systems from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Monday, January 8th. Finally, Stephens set a $59.00 price target on FLIR Systems and gave the stock a “buy” rating in a research note on Friday, February 16th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $51.67.
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FLIR Systems 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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