Laurion Capital Management LP Purchases New Holdings in FLIR Systems, Inc. (FLIR)

Laurion Capital Management LP bought a new position in FLIR Systems, Inc. (NASDAQ:FLIR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 15,387 shares of the scientific and technical instruments company’s stock, valued at approximately $800,000.

Several other large investors have also recently made changes to their positions in the company. Mackay Shields LLC acquired a new position in FLIR Systems during the 1st quarter valued at about $1,166,000. Robeco Institutional Asset Management B.V. increased its stake in FLIR Systems by 66.6% during 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 buying an additional 5,098 shares during the period. Schwab Charles Investment Management Inc. increased its stake in 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 buying an additional 41,284 shares during the period. Eagle Asset Management Inc. increased its stake in FLIR Systems by 14.8% during the 1st quarter. Eagle Asset Management Inc. now owns 1,136,312 shares of the scientific and technical instruments company’s stock valued at $56,826,000 after buying an additional 146,671 shares during the period. Finally, Eagle Boston Investment Management Inc. increased its stake in FLIR Systems by 20.1% during the 1st quarter. Eagle Boston Investment Management Inc. now owns 65,474 shares of the scientific and technical instruments company’s stock valued at $3,274,000 after buying an additional 10,945 shares during the period. 90.58% of the stock is owned by hedge funds and other institutional investors.

In other FLIR Systems news, SVP Todd M. Duchene sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $60.01, for a total value of $60,010.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jeffrey Frank sold 42,912 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $62.19, for a total transaction of $2,668,697.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 133,264 shares of company stock valued at $8,081,353. Insiders own 2.00% of the company’s stock.

Several equities analysts have commented on the stock. William Blair raised shares of FLIR Systems from a “market perform” rating to an “outperform” rating in a research note on Monday, August 20th. Imperial Capital reissued an “outperform” rating and set a $60.00 target price (up previously from $53.00) on shares of FLIR Systems in a research note on Wednesday, August 1st. Zacks Investment Research cut shares of FLIR Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Needham & Company LLC raised their target price on shares of FLIR Systems from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Thursday, July 26th. Finally, Seaport Global Securities reissued a “buy” rating and set a $66.00 target price on shares of FLIR Systems in a research note on Thursday, July 26th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $56.75.

NASDAQ:FLIR opened at $58.62 on Tuesday. FLIR Systems, Inc. has a twelve month low of $40.92 and a twelve month high of $63.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 4.07 and a quick ratio of 2.85. The stock has a market cap of $8.48 billion, a PE ratio of 31.53 and a beta of 0.68.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, July 25th. The scientific and technical instruments company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.06. FLIR Systems had a net margin of 6.70% and a return on equity of 16.44%. The company had revenue of $452.70 million during the quarter, compared to analyst estimates of $429.12 million. During the same quarter last year, the firm posted $0.42 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts expect that FLIR Systems, Inc. will post 2.22 earnings per share for the current year.

FLIR Systems Company 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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Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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