Andra AP fonden Grows Holdings in FLIR Systems, Inc. (FLIR)

Andra AP fonden boosted its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 129,300 shares of the scientific and technical instruments company’s stock after purchasing an additional 3,100 shares during the quarter. Andra AP fonden owned about 0.09% of FLIR Systems worth $7,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of FLIR Systems by 12.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,721,947 shares of the scientific and technical instruments company’s stock valued at $141,459,000 after acquiring an additional 293,285 shares during the period. Artisan Partners Limited Partnership increased its holdings in shares of FLIR Systems by 23.1% in the 2nd quarter. Artisan Partners Limited Partnership now owns 2,101,834 shares of the scientific and technical instruments company’s stock valued at $109,232,000 after acquiring an additional 394,412 shares during the period. SPF Beheer BV increased its holdings in shares of FLIR Systems by 1.7% in the 2nd quarter. SPF Beheer BV now owns 1,613,227 shares of the scientific and technical instruments company’s stock valued at $83,839,000 after acquiring an additional 27,418 shares during the period. Eagle Asset Management Inc. increased its holdings in shares of FLIR Systems by 8.4% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,232,175 shares of the scientific and technical instruments company’s stock valued at $64,036,000 after acquiring an additional 95,863 shares during the period. Finally, Argent Capital Management LLC increased its holdings in shares of FLIR Systems by 109.6% in the 2nd quarter. Argent Capital Management LLC now owns 1,230,485 shares of the scientific and technical instruments company’s stock valued at $63,948,000 after acquiring an additional 643,290 shares during the period. Institutional investors own 90.58% of the company’s stock.

FLIR Systems stock opened at $56.70 on Friday. The company has a quick ratio of 2.85, a current ratio of 4.07 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $8.48 billion, a PE ratio of 30.16 and a beta of 0.68. FLIR Systems, Inc. has a 1-year low of $43.00 and a 1-year high of $63.88.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.06. The firm had revenue of $452.70 million during the quarter, compared to analysts’ expectations of $429.12 million. FLIR Systems had a return on equity of 16.44% and a net margin of 6.70%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. As a group, equities research analysts expect that FLIR Systems, Inc. will post 2.22 EPS for the current fiscal year.

A number of research analysts have recently issued reports on FLIR shares. BidaskClub upgraded FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, July 23rd. Stephens lifted their price target on FLIR Systems from $61.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, July 30th. Seaport Global Securities reiterated a “buy” rating and issued a $66.00 price target on shares of FLIR Systems in a report on Thursday, July 26th. Finally, Needham & Company LLC lifted their price target on FLIR Systems from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $56.75.

In other news, Director Earl R. Lewis sold 39,508 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $59.05, for a total value of $2,332,947.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeffrey Frank sold 42,912 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $62.19, for a total value of $2,668,697.28. The disclosure for this sale can be found here. Insiders sold a total of 130,420 shares of company stock valued at $7,927,485 in the last three months. Insiders own 2.00% of the company’s stock.

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.

Featured Story: Intrinsic Value

Want to see what other hedge funds are holding FLIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FLIR Systems, Inc. (NASDAQ:FLIR).

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

Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply