Quantitative Systematic Strategies LLC Acquires New Holdings in FLIR Systems, Inc. (NASDAQ:FLIR)

Quantitative Systematic Strategies LLC acquired a new stake in FLIR Systems, Inc. (NASDAQ:FLIR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 43,331 shares of the scientific and technical instruments company’s stock, valued at approximately $2,344,000.

Other hedge funds also recently modified their holdings of the company. Osborn Williams & Donohoe LLC bought a new position in shares of FLIR Systems in the 1st quarter valued at approximately $39,000. Truvestments Capital LLC bought a new position in FLIR Systems in the 1st quarter worth approximately $59,000. Quadrant Capital Group LLC increased its position in FLIR Systems by 340.6% in the 1st quarter. Quadrant Capital Group LLC now owns 1,542 shares of the scientific and technical instruments company’s stock worth $69,000 after buying an additional 1,192 shares during the period. Hilton Capital Management LLC bought a new position in FLIR Systems in the 1st quarter worth approximately $92,000. Finally, Cullen Frost Bankers Inc. bought a new position in FLIR Systems in the 1st quarter worth approximately $104,000. 90.83% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director John D. Carter sold 10,300 shares of FLIR Systems stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $51.10, for a total transaction of $526,330.00. Following the sale, the director now owns 53,537 shares of the company’s stock, valued at approximately $2,735,740.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeffrey Frank sold 21,705 shares of FLIR Systems stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $51.62, for a total value of $1,120,412.10. Following the sale, the vice president now directly owns 47,344 shares in the company, valued at approximately $2,443,897.28. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Several research analysts have commented on FLIR shares. BidaskClub downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th. ValuEngine downgraded FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Imperial Capital raised FLIR Systems from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $56.00 to $57.00 in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $60.50.

NASDAQ FLIR traded down $2.26 during trading on Monday, hitting $46.55. The company’s stock had a trading volume of 41,230 shares, compared to its average volume of 883,987. The company has a current ratio of 2.47, a quick ratio of 1.61 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $53.03. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 21.18 and a beta of 1.17. FLIR Systems, Inc. has a 52 week low of $40.52 and a 52 week high of $63.88.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, July 24th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. The company had revenue of $482.00 million for the quarter, compared to the consensus estimate of $478.42 million. FLIR Systems had a return on equity of 16.56% and a net margin of 15.44%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.55 EPS. As a group, analysts predict that FLIR Systems, Inc. will post 2.34 earnings per share for the current year.

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.

Featured Story: Penny Stocks

Want to see what other hedge funds are holding FLIR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FLIR Systems, Inc. (NASDAQ:FLIR).

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

Receive News & Ratings for FLIR Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FLIR Systems and related companies with MarketBeat.com's FREE daily email newsletter.