Achmea Investment Management B.V. Has $417,000 Position in FLIR Systems, Inc. (NASDAQ:FLIR)
Achmea Investment Management B.V. trimmed its holdings in FLIR Systems, Inc. (NASDAQ:FLIR) by 63.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 6,800 shares of the scientific and technical instruments company’s stock after selling 11,705 shares during the period. Achmea Investment Management B.V.’s holdings in FLIR Systems were worth $417,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in FLIR. Fort L.P. purchased a new position in FLIR Systems during the second quarter worth about $117,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new position in FLIR Systems during the second quarter worth about $130,000. Zions Bancorporation purchased a new position in FLIR Systems during the third quarter worth about $130,000. Almanack Investment Partners LLC. purchased a new position in FLIR Systems during the second quarter worth about $185,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in FLIR Systems by 54.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,586 shares of the scientific and technical instruments company’s stock worth $186,000 after purchasing an additional 1,265 shares in the last quarter. 90.86% of the stock is owned by institutional investors and hedge funds.
FLIR has been the subject of several analyst reports. William Blair raised shares of FLIR Systems from a “market perform” rating to an “outperform” rating in a report on Monday, August 20th. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, September 1st. Imperial Capital cut shares of FLIR Systems from an “outperform” rating to an “in-line” rating in a report on Friday, October 19th. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $58.17.
FLIR Systems stock traded down $1.41 during mid-day trading on Friday, reaching $43.33. The company had a trading volume of 816,708 shares, compared to its average volume of 1,043,337. FLIR Systems, Inc. has a 1 year low of $43.22 and a 1 year high of $63.88. The company has a current ratio of 4.21, a quick ratio of 3.04 and a debt-to-equity ratio of 0.22. The stock has a market cap of $6.19 billion, a PE ratio of 23.05 and a beta of 1.09.
FLIR Systems (NASDAQ:FLIR) last issued its earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.57. FLIR Systems had a net margin of 7.33% and a return on equity of 16.74%. The company had revenue of $434.89 million during the quarter, compared to analysts’ expectations of $445.46 million. During the same period last year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that FLIR Systems, Inc. will post 2.21 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 23rd were given a $0.16 dividend. The ex-dividend date was Wednesday, November 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.48%. FLIR Systems’s dividend payout ratio is presently 34.04%.
About FLIR Systems
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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