Three Peaks Capital Management LLC cut its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 23.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,145 shares of the scientific and technical instruments company’s stock after selling 20,701 shares during the quarter. Three Peaks Capital Management LLC owned 0.05% of FLIR Systems worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Evoke Wealth LLC purchased a new position in shares of FLIR Systems in the third quarter valued at $33,000. Harvest Fund Management Co. Ltd acquired a new stake in FLIR Systems in the second quarter valued at $41,000. MUFG Americas Holdings Corp acquired a new stake in FLIR Systems in the third quarter valued at $60,000. Quest Capital Management Inc. ADV acquired a new stake in FLIR Systems in the third quarter valued at $65,000. Finally, Point72 Asset Management L.P. acquired a new stake in FLIR Systems in the second quarter valued at $87,000. Institutional investors and hedge funds own 94.41% of the company’s stock.
Several analysts recently issued reports on FLIR shares. William Blair reaffirmed an “outperform” rating on shares of FLIR Systems in a report on Friday, November 15th. SunTrust Banks set a $58.00 price target on shares of FLIR Systems and gave the company a “buy” rating in a report on Friday, November 1st. BidaskClub raised shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Friday, January 10th. Finally, Zacks Investment Research cut shares of FLIR Systems from a “hold” rating to a “sell” rating and set a $57.00 price target on the stock. in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $58.00.
Shares of NASDAQ:FLIR traded up $0.33 on Friday, reaching $54.76. 6,729 shares of the company’s stock were exchanged, compared to its average volume of 498,872. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 24.70 and a beta of 1.15. FLIR Systems, Inc. has a fifty-two week low of $43.60 and a fifty-two week high of $55.54. The business’s 50-day moving average is $52.98 and its two-hundred day moving average is $52.16. The company has a quick ratio of 1.53, a current ratio of 2.38 and a debt-to-equity ratio of 0.34.
FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Thursday, October 31st. The scientific and technical instruments company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.01. The company had revenue of $471.25 million for the quarter, compared to analysts’ expectations of $486.51 million. FLIR Systems had a net margin of 14.54% and a return on equity of 16.71%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. Analysts predict that FLIR Systems, Inc. will post 2.3 earnings per share for the current fiscal year.
In other news, SVP Anthony D. Buffum sold 2,785 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $53.41, for a total value of $148,746.85. Following the completion of the sale, the senior vice president now directly owns 14,137 shares of the company’s stock, valued at $755,057.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven E. Wynne sold 10,300 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $53.58, for a total transaction of $551,874.00. Following the completion of the sale, the director now directly owns 118,445 shares of the company’s stock, valued at $6,346,283.10. The disclosure for this sale can be found here. Insiders have sold 17,585 shares of company stock worth $939,391 over the last three months. 2.00% of the stock is owned by corporate insiders.
FLIR Systems 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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