FLIR Systems, Inc. (FLIR) Holdings Raised by Millennium Management LLC

Millennium Management LLC boosted its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 35.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 496,309 shares of the scientific and technical instruments company’s stock after buying an additional 129,795 shares during the period. Millennium Management LLC owned approximately 0.36% of FLIR Systems worth $21,609,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of FLIR. CSat Investment Advisory L.P. boosted its position in shares of FLIR Systems by 147.2% in 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 purchasing an additional 574 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of FLIR Systems by 18.2% in the 4th quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock worth $63,000 after purchasing an additional 224 shares in the last quarter. Atlas Capital Advisors LLC boosted its position in shares of FLIR Systems by 493.0% in 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 purchasing an additional 2,332 shares in the last quarter. Stephens Inc. AR boosted its position in shares of FLIR Systems by 31.1% in the 4th quarter. Stephens Inc. AR now owns 2,840 shares of the scientific and technical instruments company’s stock worth $124,000 after purchasing an additional 673 shares in the last quarter. Finally, Ffcm LLC boosted its position in shares of FLIR Systems by 660.2% in the 4th quarter. Ffcm LLC now owns 3,193 shares of the scientific and technical instruments company’s stock worth $139,000 after purchasing an additional 2,773 shares in the last quarter. 92.22% of the stock is owned by institutional investors.

FLIR has been the topic of a number of analyst reports. BidaskClub cut FLIR Systems from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Raymond James decreased their price objective on shares of FLIR Systems from $70.00 to $65.00 and set a “strong-buy” rating for the company in a report on Friday, January 11th. Zacks Investment Research lowered shares of FLIR Systems from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Robert W. Baird upgraded shares of FLIR Systems from a “neutral” rating to an “outperform” rating in a report on Friday, January 25th. Finally, ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $62.29.

FLIR traded up $2.77 during mid-day trading on Wednesday, reaching $53.42. 3,436,069 shares of the company traded hands, compared to its average volume of 964,724. The firm has a market cap of $6.80 billion, a PE ratio of 24.06 and a beta of 1.10. The company has a current ratio of 4.09, a quick ratio of 2.98 and a debt-to-equity ratio of 0.22. FLIR Systems, Inc. has a 52-week low of $40.52 and a 52-week high of $63.88.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, April 24th. The scientific and technical instruments company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.48 by $0.05. The firm had revenue of $444.70 million during the quarter, compared to analyst estimates of $440.98 million. FLIR Systems had a return on equity of 16.86% and a net margin of 15.90%. FLIR Systems’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. As a group, research analysts forecast that FLIR Systems, Inc. will post 2.34 EPS for the current fiscal year.

In other news, Director Earl R. Lewis sold 132,100 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was 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 in the company, valued at approximately $33,115,227.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffrey Frank sold 14,278 shares of the company’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $51.77, for a total value of $739,172.06. The disclosure for this sale can be found here. Insiders sold a total of 283,778 shares of company stock valued at $14,651,805 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

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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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