BB&T Securities LLC Invests $209,000 in FLIR Systems, Inc. (FLIR)

BB&T Securities LLC bought a new position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,186 shares of the scientific and technical instruments company’s stock, valued at approximately $209,000.

Several other hedge funds have also made changes to their positions in FLIR. BlackRock Inc. lifted its stake in shares of FLIR Systems by 2.8% during the fourth quarter. BlackRock Inc. now owns 9,950,564 shares of the scientific and technical instruments company’s stock valued at $463,895,000 after acquiring an additional 274,312 shares during the period. Atlanta Capital Management Co. L L C lifted its stake in shares of FLIR Systems by 10.4% during the first quarter. Atlanta Capital Management Co. L L C now owns 4,131,454 shares of the scientific and technical instruments company’s stock valued at $206,614,000 after acquiring an additional 388,482 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of FLIR Systems by 554.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,428,662 shares of the scientific and technical instruments company’s stock valued at $121,458,000 after acquiring an additional 2,057,823 shares during the period. Millennium Management LLC lifted its stake in shares of FLIR Systems by 165.4% during the fourth quarter. Millennium Management LLC now owns 2,230,146 shares of the scientific and technical instruments company’s stock valued at $103,969,000 after acquiring an additional 1,389,832 shares during the period. Finally, Segall Bryant & Hamill LLC lifted its stake in shares of FLIR Systems by 140.8% during the fourth quarter. Segall Bryant & Hamill LLC now owns 1,730,541 shares of the scientific and technical instruments company’s stock valued at $80,678,000 after acquiring an additional 1,011,871 shares during the period. Institutional investors own 93.15% of the company’s stock.

In other FLIR Systems news, 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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John D. Carter sold 13,600 shares of the stock in a transaction dated Monday, June 4th. The shares were sold at an average price of $54.68, for a total value of $743,648.00. Following the completion of the transaction, the director now directly owns 53,658 shares in the company, valued at approximately $2,934,019.44. The disclosure for this sale can be found here. Insiders sold 65,626 shares of company stock worth $3,566,256 in the last three months. Insiders own 2.00% of the company’s stock.

FLIR Systems opened at $52.21 on Wednesday, Marketbeat reports. FLIR Systems, Inc. has a 1-year low of $33.95 and a 1-year high of $55.72. The company has a current ratio of 3.91, a quick ratio of 2.72 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 27.77 and a beta of 0.69.

FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, April 25th. The scientific and technical instruments company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. FLIR Systems had a return on equity of 15.43% and a net margin of 5.66%. The firm had revenue of $439.60 million for the quarter, compared to analyst estimates of $397.84 million. During the same quarter in the prior year, the firm posted $0.36 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. research analysts anticipate that FLIR Systems, Inc. will post 2.16 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 25th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Thursday, May 24th. FLIR Systems’s payout ratio is 34.04%.

Several equities analysts have recently issued reports on FLIR shares. William Blair started coverage on FLIR Systems in a research note on Friday, May 18th. They set a “hold” rating on the stock. Zacks Investment Research lowered FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, May 18th. ValuEngine raised FLIR Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and set a $60.00 price target (up previously from $58.00) on shares of FLIR Systems in a research note on Thursday, May 31st. Finally, BidaskClub raised FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, March 3rd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. FLIR Systems presently has an average rating of “Buy” and an average target price of $52.86.

About FLIR Systems

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.

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

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