WCM Investment Management CA lowered its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 11.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,790 shares of the scientific and technical instruments company’s stock after selling 10,012 shares during the quarter. WCM Investment Management CA owned approximately 0.05% of FLIR Systems worth $3,887,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of FLIR. Robeco Institutional Asset Management B.V. boosted its holdings in shares of FLIR Systems by 66.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 12,754 shares of the scientific and technical instruments company’s stock valued at $637,000 after purchasing an additional 5,098 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of FLIR Systems by 6.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 711,507 shares of the scientific and technical instruments company’s stock valued at $35,583,000 after acquiring an additional 41,284 shares in the last quarter. Rockefeller Capital Management L.P. acquired a new stake in shares of FLIR Systems during the 1st quarter valued at $442,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of FLIR Systems by 1.8% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 58,585 shares of the scientific and technical instruments company’s stock valued at $2,930,000 after acquiring an additional 1,026 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of FLIR Systems during the 1st quarter valued at $2,488,000. Institutional investors own 90.58% of the company’s stock.
In other news, VP Jeffrey Frank sold 42,912 shares of FLIR Systems stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $62.19, for a total value of $2,668,697.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Todd M. Duchene sold 1,000 shares of FLIR Systems stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $60.01, for a total value of $60,010.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 133,264 shares of company stock valued at $8,081,353. Corporate insiders own 2.00% of the company’s stock.
FLIR has been the topic of several recent research reports. Zacks Investment Research downgraded FLIR Systems from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. BidaskClub downgraded FLIR Systems from a “buy” rating to a “hold” rating in a report on Saturday, July 7th. Seaport Global Securities reissued a “buy” rating and set a $66.00 price objective on shares of FLIR Systems in a report on Thursday, July 26th. Needham & Company LLC raised their price objective on FLIR Systems from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Stephens raised their price objective on FLIR Systems from $61.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, July 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.75.
FLIR traded up $0.86 during midday trading on Friday, hitting $56.06. 714,940 shares of the company were exchanged, compared to its average volume of 952,968. The company has a market capitalization of $8.48 billion, a PE ratio of 29.82 and a beta of 0.68. FLIR Systems, Inc. has a 1-year low of $42.33 and a 1-year high of $63.88. The company has a current ratio of 4.07, a quick ratio of 2.85 and a debt-to-equity ratio of 0.23.
FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.06. The firm had revenue of $452.70 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. Equities research analysts predict that FLIR Systems, Inc. will post 2.22 EPS for the current fiscal year.
FLIR Systems 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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