Natixis Sells 46,593 Shares of FLIR Systems, Inc. (NASDAQ:FLIR)

Natixis decreased its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 24.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,455 shares of the scientific and technical instruments company’s stock after selling 46,593 shares during the quarter. Natixis owned about 0.10% of FLIR Systems worth $7,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of FLIR. Geode Capital Management LLC grew its position in shares of FLIR Systems by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 2,162,798 shares of the scientific and technical instruments company’s stock valued at $94,034,000 after purchasing an additional 122,436 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in FLIR Systems by 5.5% in the first quarter. Crossmark Global Holdings Inc. now owns 9,801 shares of the scientific and technical instruments company’s stock worth $466,000 after acquiring an additional 507 shares in the last quarter. Victory Capital Management Inc. grew its position in FLIR Systems by 2,964.4% in the first quarter. Victory Capital Management Inc. now owns 62,361 shares of the scientific and technical instruments company’s stock worth $2,967,000 after acquiring an additional 60,326 shares in the last quarter. California Public Employees Retirement System boosted its position in FLIR Systems by 24.4% during the first quarter. California Public Employees Retirement System now owns 898,387 shares of the scientific and technical instruments company’s stock valued at $42,745,000 after buying an additional 176,501 shares during the period. Finally, Stephens Inc. AR boosted its position in FLIR Systems by 31.8% during the first quarter. Stephens Inc. AR now owns 3,743 shares of the scientific and technical instruments company’s stock valued at $178,000 after buying an additional 903 shares during the period. 91.07% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on FLIR shares. Berenberg Bank started coverage on shares of FLIR Systems in a research report on Friday, September 6th. They set a “buy” rating and a $60.00 price target for the company. Imperial Capital upgraded shares of FLIR Systems from an “in-line” rating to an “outperform” rating and upped their price target for the company from $56.00 to $57.00 in a research report on Wednesday, May 22nd. ValuEngine lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $60.40.



FLIR stock traded up $0.08 during trading on Thursday, reaching $52.71. The company had a trading volume of 18,484 shares, compared to its average volume of 881,603. FLIR Systems, Inc. has a 52 week low of $40.52 and a 52 week high of $63.88. The company has a market cap of $6.98 billion, a P/E ratio of 23.74 and a beta of 1.17. The business has a 50 day moving average of $48.87 and a 200 day moving average of $50.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.47 and a quick ratio of 1.61.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 23rd were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Thursday, August 22nd. FLIR Systems’s dividend payout ratio (DPR) is presently 30.63%.

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

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