Coldstream Capital Management Inc. Buys 1,142 Shares of FLIR Systems, Inc. (NASDAQ:FLIR)

Coldstream Capital Management Inc. grew its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 5.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 20,516 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,142 shares during the quarter. Coldstream Capital Management Inc.’s holdings in FLIR Systems were worth $894,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. lifted its position in shares of FLIR Systems by 147.2% during the 4th quarter. CSat Investment Advisory L.P. now owns 964 shares of the scientific and technical instruments company’s stock worth $42,000 after buying an additional 574 shares during the last quarter. Bessemer Group Inc. lifted its position in shares of FLIR Systems by 18.2% during the 4th quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock worth $63,000 after buying an additional 224 shares during the last quarter. Atlas Capital Advisors LLC lifted its position in shares of FLIR Systems by 493.0% during the 4th quarter. Atlas Capital Advisors LLC now owns 2,805 shares of the scientific and technical instruments company’s stock worth $122,000 after buying an additional 2,332 shares during the last quarter. Stephens Inc. AR lifted its position in shares of FLIR Systems by 31.1% during the 4th quarter. Stephens Inc. AR now owns 2,840 shares of the scientific and technical instruments company’s stock worth $124,000 after buying an additional 673 shares during the last quarter. Finally, Ffcm LLC lifted its position in shares of FLIR Systems by 660.2% during the 4th quarter. Ffcm LLC now owns 3,193 shares of the scientific and technical instruments company’s stock worth $139,000 after buying an additional 2,773 shares during the last quarter. Hedge funds and other institutional investors own 92.22% of the company’s stock.

In other news, SVP Todd M. Duchene sold 7,566 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $50.61, for a total value of $382,915.26. Following the completion of the sale, the senior vice president now owns 28,070 shares of the company’s stock, valued at $1,420,622.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Earl R. Lewis sold 132,100 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $52.11, for a total value of $6,883,731.00. Following the completion of the sale, the director now directly owns 635,487 shares of the company’s stock, valued at approximately $33,115,227.57. The disclosure for this sale can be found here. In the last three months, insiders sold 283,778 shares of company stock valued at $14,651,805. Insiders own 2.00% of the company’s stock.

FLIR traded up $0.46 on Friday, reaching $49.98. The stock had a trading volume of 683,028 shares, compared to its average volume of 752,748. The stock has a market cap of $6.77 billion, a PE ratio of 22.51 and a beta of 1.10. The company has a quick ratio of 2.98, a current ratio of 4.09 and a debt-to-equity ratio of 0.22. FLIR Systems, Inc. has a fifty-two week low of $40.52 and a fifty-two week high of $63.88.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The company had revenue of $448.50 million during the quarter, compared to analysts’ expectations of $463.91 million. FLIR Systems had a return on equity of 16.86% and a net margin of 15.90%. The business’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 earnings per share. On average, equities research analysts expect that FLIR Systems, Inc. will post 2.34 EPS for the current year.

FLIR has been the subject of several recent analyst reports. Robert W. Baird upgraded FLIR Systems from a “neutral” rating to an “outperform” rating in a research report on Friday, January 25th. SunTrust Banks upped their price objective on FLIR Systems to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. They noted that the move was a valuation call. BidaskClub downgraded FLIR Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Raymond James dropped their price objective on FLIR Systems from $70.00 to $65.00 and set a “strong-buy” rating for the company in a research report on Friday, January 11th. Finally, Imperial Capital restated an “in-line” rating and set a $56.00 price objective (up from $51.00) on shares of FLIR Systems in a research report on Wednesday, February 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $62.29.

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

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