FLIR Systems Target of Unusually Large Options Trading (FLIR)

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FLIR Systems, Inc. (NASDAQ:FLIR) was the target of some unusual options trading activity on Tuesday. Stock traders bought 950 put options on the stock. This is an increase of 1,088% compared to the average volume of 80 put options.

A number of hedge funds have recently made changes to their positions in FLIR. Advisors Asset Management Inc. boosted its stake in FLIR Systems by 25.6% in the second quarter. Advisors Asset Management Inc. now owns 33,843 shares of the scientific and technical instruments company’s stock valued at $1,759,000 after acquiring an additional 6,894 shares during the last quarter. Schroder Investment Management Group boosted its stake in FLIR Systems by 175.6% in the second quarter. Schroder Investment Management Group now owns 118,026 shares of the scientific and technical instruments company’s stock valued at $6,132,000 after acquiring an additional 75,200 shares during the last quarter. Atria Investments LLC boosted its stake in FLIR Systems by 14.1% in the third quarter. Atria Investments LLC now owns 19,922 shares of the scientific and technical instruments company’s stock valued at $1,225,000 after acquiring an additional 2,466 shares during the last quarter. Varma Mutual Pension Insurance Co bought a new position in FLIR Systems in the third quarter valued at approximately $4,594,000. Finally, First Hawaiian Bank bought a new position in shares of FLIR Systems during the third quarter worth $853,000. 90.84% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on the stock. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research reissued a “sell” rating on shares of FLIR Systems in a research note on Tuesday, November 13th. ValuEngine raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Needham & Company LLC decreased their price target on shares of FLIR Systems from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. FLIR Systems presently has a consensus rating of “Buy” and an average price target of $61.83.

Shares of FLIR stock opened at $51.68 on Thursday. FLIR Systems has a 52-week low of $40.52 and a 52-week high of $63.88. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 27.49 and a beta of 1.12. The company has a current ratio of 4.21, a quick ratio of 3.04 and a debt-to-equity ratio of 0.22.

FLIR Systems (NASDAQ:FLIR) last announced its quarterly earnings data on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.03. FLIR Systems had a net margin of 7.33% and a return on equity of 16.74%. The firm had revenue of $448.50 million for the quarter, compared to analysts’ expectations of $463.91 million. During the same period last year, the firm earned $0.58 earnings per share. The business’s revenue for the quarter was down 9.4% on a year-over-year basis. As a group, equities analysts anticipate that FLIR Systems will post 2.21 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 22nd will be paid a $0.17 dividend. This is a boost from FLIR Systems’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. FLIR Systems’s dividend payout ratio (DPR) is presently 34.04%.

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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.

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