Flir Systems Inc. (FLIR) Position Boosted by Cardinal Capital Management
Cardinal Capital Management boosted its position in shares of Flir Systems Inc. (NASDAQ:FLIR) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 9,774 shares of the company’s stock after buying an additional 686 shares during the period. Cardinal Capital Management’s holdings in Flir Systems were worth $303,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Fund Management S.A. purchased a new position in shares of Flir Systems during the second quarter worth approximately $634,000. Strs Ohio boosted its position in shares of Flir Systems by 14,180.6% in the second quarter. Strs Ohio now owns 400,000 shares of the company’s stock worth $12,380,000 after buying an additional 397,199 shares during the last quarter. First Merchants Corp boosted its position in shares of Flir Systems by 6.4% in the second quarter. First Merchants Corp now owns 45,121 shares of the company’s stock worth $1,396,000 after buying an additional 2,699 shares during the last quarter. Orca Investment Management LLC boosted its position in shares of Flir Systems by 80.5% in the second quarter. Orca Investment Management LLC now owns 80,531 shares of the company’s stock worth $2,492,000 after buying an additional 35,921 shares during the last quarter. Finally, Bank of Montreal Can purchased a new position in shares of Flir Systems during the second quarter worth approximately $1,299,000. Institutional investors own 90.74% of the company’s stock.
Flir Systems Inc. (NASDAQ:FLIR) traded up 0.16% during trading on Wednesday, hitting $30.84. 733,627 shares of the stock were exchanged. The stock has a market cap of $4.23 billion, a P/E ratio of 22.76 and a beta of 0.51. Flir Systems Inc. has a 52 week low of $25.12 and a 52 week high of $34.09. The stock has a 50 day moving average of $31.07 and a 200-day moving average of $31.48.
Flir Systems (NASDAQ:FLIR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. Flir Systems had a return on equity of 12.68% and a net margin of 11.85%. The company had revenue of $402.70 million for the quarter, compared to the consensus estimate of $401.56 million. During the same period in the prior year, the firm posted $0.36 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. Equities analysts expect that Flir Systems Inc. will post $1.61 EPS for the current fiscal year.
A number of analysts recently weighed in on the company. Robert W. Baird assumed coverage on Flir Systems in a report on Wednesday. They issued a “neutral” rating for the company. Zacks Investment Research upgraded Flir Systems from a “sell” rating to a “hold” rating in a report on Monday, August 1st. Drexel Hamilton restated a “buy” rating and issued a $36.00 price objective on shares of Flir Systems in a report on Monday. Needham & Company LLC restated a “buy” rating and issued a $36.00 price objective on shares of Flir Systems in a report on Tuesday. Finally, Imperial Capital restated an “outperform” rating and issued a $40.00 price objective on shares of Flir Systems in a report on Friday, September 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $36.43.
In other Flir Systems news, VP Jeffrey Frank sold 10,000 shares of the business’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $30.73, for a total value of $307,300.00. Following the completion of the sale, the vice president now directly owns 21,769 shares of the company’s stock, valued at $668,961.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.00% of the stock is currently owned by company insiders.
About Flir Systems
FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and advanced threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.
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