Unigestion Holding SA Has $22.13 Million Stake in FLIR Systems, Inc. (FLIR)

Unigestion Holding SA lifted its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 19.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 359,975 shares of the scientific and technical instruments company’s stock after buying an additional 58,788 shares during the quarter. Unigestion Holding SA owned about 0.26% of FLIR Systems worth $22,127,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vident Investment Advisory LLC grew its position in shares of FLIR Systems by 51.6% during the 2nd quarter. Vident Investment Advisory LLC now owns 725,192 shares of the scientific and technical instruments company’s stock worth $37,689,000 after buying an additional 246,978 shares during the period. Aureus Asset Management LLC grew its position in shares of FLIR Systems by 42.4% during the 2nd quarter. Aureus Asset Management LLC now owns 5,694 shares of the scientific and technical instruments company’s stock worth $296,000 after buying an additional 1,694 shares during the period. Schroder Investment Management Group grew its holdings in FLIR Systems by 175.6% during the second quarter. Schroder Investment Management Group now owns 118,026 shares of the scientific and technical instruments company’s stock valued at $6,132,000 after purchasing an additional 75,200 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in FLIR Systems by 53.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 93,474 shares of the scientific and technical instruments company’s stock valued at $4,858,000 after purchasing an additional 32,689 shares during the period. Finally, Sterling Capital Management LLC grew its holdings in FLIR Systems by 27.0% during the second quarter. Sterling Capital Management LLC now owns 52,468 shares of the scientific and technical instruments company’s stock valued at $2,727,000 after purchasing an additional 11,151 shares during the period. Institutional investors own 90.72% of the company’s stock.

Shares of NASDAQ FLIR opened at $48.61 on Friday. The company has a market cap of $6.70 billion, a P/E ratio of 25.86 and a beta of 1.10. The company has a quick ratio of 3.04, a current ratio of 4.21 and a debt-to-equity ratio of 0.22. FLIR Systems, Inc. has a 52-week low of $45.00 and a 52-week high of $63.88.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings data 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. The firm had revenue of $434.89 million during the quarter, compared to analysts’ expectations of $445.46 million. FLIR Systems had a net margin of 7.33% and a return on equity of 16.74%. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. As a group, equities research analysts predict that FLIR Systems, Inc. will post 2.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 23rd will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, November 21st. FLIR Systems’s payout ratio is currently 34.04%.

In other FLIR Systems news, VP Jeffrey Frank sold 42,912 shares of FLIR Systems stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $62.19, for a total value of $2,668,697.28. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Todd M. Duchene sold 1,000 shares of FLIR Systems stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $60.01, for a total transaction of $60,010.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,912 shares of company stock worth $5,594,537. Insiders own 2.00% of the company’s stock.

FLIR has been the subject of a number of analyst reports. ValuEngine cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Zacks Investment Research cut shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. BidaskClub upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Needham & Company LLC boosted their price objective on shares of FLIR Systems from $60.00 to $62.00 and gave the company a “buy” rating in a report on Thursday, July 26th. Finally, Stephens boosted their price objective on shares of FLIR Systems from $61.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, July 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.17.

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

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