Jane Street Group LLC lifted its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 262.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,157 shares of the scientific and technical instruments company’s stock after acquiring an additional 21,828 shares during the quarter. Jane Street Group LLC’s holdings in FLIR Systems were worth $1,173,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Commonwealth Bank of Australia grew its stake in shares of FLIR Systems by 14.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 3,250 shares of the scientific and technical instruments company’s stock valued at $111,000 after acquiring an additional 400 shares during the period. Acrospire Investment Management LLC bought a new position in shares of FLIR Systems during the 2nd quarter valued at approximately $116,000. ETF Managers Group LLC bought a new position in shares of FLIR Systems during the 2nd quarter valued at approximately $171,000. Sei Investments Co. boosted its stake in FLIR Systems by 76.3% in the 3rd quarter. Sei Investments Co. now owns 4,507 shares of the scientific and technical instruments company’s stock worth $175,000 after purchasing an additional 1,951 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in FLIR Systems in the 3rd quarter worth approximately $211,000. Institutional investors own 91.55% of the company’s stock.
In related news, VP Brian E. Harding sold 1,836 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $46.90, for a total transaction of $86,108.40. Following the sale, the vice president now owns 6,646 shares in the company, valued at approximately $311,697.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven E. Wynne sold 11,200 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $47.34, for a total value of $530,208.00. The disclosure for this sale can be found here. Insiders have sold a total of 22,036 shares of company stock worth $1,039,316 over the last ninety days. Insiders own 3.00% of the company’s stock.
Several research analysts have weighed in on the company. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. SunTrust Banks upped their price target on FLIR Systems from $37.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target (up from $42.00) on shares of FLIR Systems in a research note on Thursday, October 26th. Robert W. Baird restated a “hold” rating and issued a $34.00 price target on shares of FLIR Systems in a research note on Tuesday, October 24th. Finally, Zacks Investment Research upgraded FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $46.33.
Shares of FLIR Systems, Inc. (NASDAQ FLIR) opened at $46.24 on Tuesday. The stock has a market capitalization of $6,428.46, a P/E ratio of 25.49 and a beta of 0.62. FLIR Systems, Inc. has a twelve month low of $33.75 and a twelve month high of $48.06. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22.
FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data on Wednesday, October 25th. The scientific and technical instruments company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.04. The business had revenue of $464.70 million for the quarter, compared to analysts’ expectations of $446.06 million. FLIR Systems had a return on equity of 14.30% and a net margin of 12.30%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 EPS. equities research analysts predict that FLIR Systems, Inc. will post 1.86 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 1.30%. FLIR Systems’s dividend payout ratio (DPR) is 37.74%.
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FLIR Systems Profile
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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