AHL Partners LLP trimmed its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 47.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,552 shares of the scientific and technical instruments company’s stock after selling 76,715 shares during the quarter. AHL Partners LLP owned approximately 0.06% of FLIR Systems worth $3,000,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in FLIR Systems by 117.2% during the second quarter. Goldman Sachs Group Inc. now owns 1,040,675 shares of the scientific and technical instruments company’s stock valued at $36,070,000 after buying an additional 561,643 shares during the period. Clinton Group Inc. bought a new position in shares of FLIR Systems in the second quarter worth approximately $2,136,000. Employees Retirement System of Texas boosted its position in shares of FLIR Systems by 4.8% in the second quarter. Employees Retirement System of Texas now owns 195,200 shares of the scientific and technical instruments company’s stock worth $6,766,000 after purchasing an additional 9,000 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of FLIR Systems by 41.0% in the second quarter. Tudor Investment Corp ET AL now owns 25,483 shares of the scientific and technical instruments company’s stock worth $883,000 after purchasing an additional 7,410 shares during the period. Finally, HighTower Advisors LLC bought a new position in shares of FLIR Systems in the second quarter worth approximately $683,000. Institutional investors own 90.73% of the company’s stock.
FLIR Systems, Inc. (NASDAQ:FLIR) opened at 41.51 on Wednesday. FLIR Systems, Inc. has a 12-month low of $28.26 and a 12-month high of $41.55. The stock has a market cap of $5.69 billion, a P/E ratio of 26.76 and a beta of 0.60. The stock has a 50 day moving average of $39.19 and a 200 day moving average of $37.36.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. FLIR Systems had a net margin of 12.44% and a return on equity of 13.97%. The firm had revenue of $434.12 million for the quarter, compared to analysts’ expectations of $437.32 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities research analysts anticipate that FLIR Systems, Inc. will post $1.85 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on FLIR shares. Needham & Company LLC upped their price target on shares of FLIR Systems from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, July 27th. BidaskClub upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Stephens started coverage on shares of FLIR Systems in a research report on Friday, July 7th. They issued an “overweight” rating for the company. Finally, Raymond James Financial, Inc. upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target for the company in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $39.17.
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In related news, Director Earl R. Lewis sold 20,000 shares of FLIR Systems stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $38.22, for a total value of $764,400.00. Following the sale, the director now owns 509,379 shares of the company’s stock, valued at approximately $19,468,465.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Thomas A. Surran sold 261,320 shares of FLIR Systems stock in a transaction on Friday, September 1st. The shares were sold at an average price of $38.25, for a total transaction of $9,995,490.00. The disclosure for this sale can be found here. Insiders sold a total of 292,907 shares of company stock worth $11,191,737 in the last three months. 3.00% of the stock is owned by corporate insiders.
About FLIR Systems
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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