FLIR Systems (FLIR) Position Lowered by Tyers Asset Management LLC

Tyers Asset Management LLC lowered its position in FLIR Systems (NASDAQ:FLIR) by 34.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,880 shares of the scientific and technical instruments company’s stock after selling 8,688 shares during the period. Tyers Asset Management LLC’s holdings in FLIR Systems were worth $844,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FLIR. Atria Investments LLC increased its position in shares of FLIR Systems by 32.4% in the 4th quarter. Atria Investments LLC now owns 9,441 shares of the scientific and technical instruments company’s stock valued at $440,000 after buying an additional 2,309 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in FLIR Systems by 3.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 670,223 shares of the scientific and technical instruments company’s stock worth $31,246,000 after purchasing an additional 21,291 shares during the period. State of Alaska Department of Revenue boosted its stake in FLIR Systems by 41.6% in the 4th quarter. State of Alaska Department of Revenue now owns 23,050 shares of the scientific and technical instruments company’s stock worth $1,074,000 after purchasing an additional 6,770 shares during the period. First Quadrant L P CA boosted its stake in FLIR Systems by 1,279.9% in the 4th quarter. First Quadrant L P CA now owns 348,176 shares of the scientific and technical instruments company’s stock worth $16,232,000 after purchasing an additional 322,944 shares during the period. Finally, Cerebellum GP LLC acquired a new position in FLIR Systems in the 4th quarter worth $119,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

In other news, Director Angus L. Macdonald sold 12,532 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $54.11, for a total transaction of $678,106.52. Following the completion of the transaction, the director now directly owns 33,209 shares in the company, valued at approximately $1,796,938.99. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Angus L. Macdonald sold 22,368 shares of the stock in a transaction dated Friday, May 4th. The stock was sold at an average price of $54.09, for a total transaction of $1,209,885.12. Following the transaction, the director now owns 21,745 shares of the company’s stock, valued at $1,176,187.05. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

FLIR Systems stock opened at $54.38 on Friday. FLIR Systems has a one year low of $33.95 and a one year high of $55.67. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.91 and a quick ratio of 2.72. The stock has a market cap of $7.46 billion, a PE ratio of 28.93 and a beta of 0.69.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, April 25th. The scientific and technical instruments company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.06. FLIR Systems had a net margin of 5.66% and a return on equity of 15.43%. The company had revenue of $439.60 million during the quarter, compared to the consensus estimate of $397.84 million. During the same period in the prior year, the business posted $0.36 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. sell-side analysts expect that FLIR Systems will post 2.16 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Stockholders of record on Friday, May 25th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.18%. FLIR Systems’s dividend payout ratio is 34.04%.

A number of brokerages recently weighed in on FLIR. Needham & Company LLC upped their target price on shares of FLIR Systems from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday. Drexel Hamilton lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. William Blair began coverage on shares of FLIR Systems in a research note on Friday. They issued a “hold” rating for the company. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday. Finally, BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $52.71.

FLIR Systems Company Profile

FLIR Systems, Inc designs, develops, manufactures, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in six segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection.

Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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