AlphaCrest Capital Management LLC lifted its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 369.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,416 shares of the scientific and technical instruments company’s stock after acquiring an additional 40,464 shares during the period. AlphaCrest Capital Management LLC’s holdings in FLIR Systems were worth $2,446,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Osborn Williams & Donohoe LLC acquired a new stake in shares of FLIR Systems in the first quarter valued at approximately $39,000. CSat Investment Advisory L.P. raised its holdings in shares of FLIR Systems by 147.2% in the fourth quarter. CSat Investment Advisory L.P. now owns 964 shares of the scientific and technical instruments company’s stock valued at $42,000 after purchasing an additional 574 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of FLIR Systems in the first quarter valued at approximately $59,000. Bessemer Group Inc. raised its holdings in shares of FLIR Systems by 18.2% in the fourth quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock valued at $63,000 after purchasing an additional 224 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in shares of FLIR Systems by 340.6% in the first quarter. Quadrant Capital Group LLC now owns 1,542 shares of the scientific and technical instruments company’s stock valued at $69,000 after purchasing an additional 1,192 shares during the last quarter. Institutional investors and hedge funds own 90.44% of the company’s stock.
NASDAQ FLIR traded down $0.51 during trading on Wednesday, hitting $52.88. 1,000,318 shares of the company’s stock were exchanged, compared to its average volume of 899,982. The firm’s 50 day moving average price is $50.68. FLIR Systems, Inc. has a fifty-two week low of $40.52 and a fifty-two week high of $63.88. The stock has a market capitalization of $7.26 billion, a P/E ratio of 23.82 and a beta of 1.14. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 2.45.
FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The firm had revenue of $444.70 million for the quarter, compared to analysts’ expectations of $440.98 million. FLIR Systems had a return on equity of 16.84% and a net margin of 17.13%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. On average, equities analysts predict that FLIR Systems, Inc. will post 2.37 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $0.68 annualized dividend and a yield of 1.29%. FLIR Systems’s dividend payout ratio is currently 30.63%.
FLIR has been the subject of several analyst reports. ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. BidaskClub cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Raymond James cut shares of FLIR Systems from a “strong-buy” rating to an “outperform” rating in a research report on Monday, March 18th. Finally, Imperial Capital raised shares of FLIR Systems from an “in-line” rating to an “outperform” rating and lifted their price objective for the stock from $56.00 to $57.00 in a research report on Wednesday, May 22nd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. FLIR Systems has an average rating of “Buy” and a consensus price target of $62.43.
In other FLIR Systems news, Director Earl R. Lewis sold 23,116 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $51.33, for a total value of $1,186,544.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John D. Carter sold 10,300 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $51.10, for a total value of $526,330.00. Following the transaction, the director now directly owns 53,537 shares in the company, valued at $2,735,740.70. The disclosure for this sale can be found here. In the last 90 days, insiders sold 65,121 shares of company stock valued at $3,358,586. 2.00% of the stock is owned by corporate insiders.
FLIR Systems Company Profile
FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.
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