BlueCrest Capital Management Ltd purchased a new stake in FLIR Systems, Inc. (NASDAQ:FLIR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,100 shares of the scientific and technical instruments company’s stock, valued at approximately $1,124,000.
Several other institutional investors and hedge funds also recently made changes to their positions in FLIR. Exane Derivatives purchased a new position in shares of FLIR Systems in the 4th quarter valued at about $100,000. Twin Tree Management LP grew its stake in FLIR Systems by 110.0% in the 4th quarter. Twin Tree Management LP now owns 2,404 shares of the scientific and technical instruments company’s stock valued at $112,000 after acquiring an additional 1,259 shares during the last quarter. Cerebellum GP LLC acquired a new stake in FLIR Systems in the 4th quarter valued at about $119,000. Advisory Services Network LLC grew its stake in FLIR Systems by 1,238.8% in the 4th quarter. Advisory Services Network LLC now owns 2,691 shares of the scientific and technical instruments company’s stock valued at $125,000 after acquiring an additional 2,490 shares during the last quarter. Finally, First Mercantile Trust Co. acquired a new stake in FLIR Systems in the 4th quarter valued at about $145,000. Institutional investors and hedge funds own 92.96% of the company’s stock.
FLIR has been the topic of a number of research reports. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Monday, January 8th. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Finally, Needham & Company LLC increased their price objective on shares of FLIR Systems from $50.00 to $56.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.67.
FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.03. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. The company had revenue of $494.80 million for the quarter, compared to analysts’ expectations of $501.44 million. During the same period last year, the company earned $0.48 EPS. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts anticipate that FLIR Systems, Inc. will post 2.11 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.16 per share. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, February 22nd. FLIR Systems’s dividend payout ratio (DPR) is currently 44.14%.
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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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