Meadow Creek Investment Management LLC Sells 6,468 Shares of FLIR Systems, Inc. (FLIR)

Meadow Creek Investment Management LLC reduced its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 12.6% during the 4th quarter, HoldingsChannel reports. The fund owned 44,744 shares of the scientific and technical instruments company’s stock after selling 6,468 shares during the period. Meadow Creek Investment Management LLC’s holdings in FLIR Systems were worth $2,086,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of FLIR Systems by 23.9% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,901 shares of the scientific and technical instruments company’s stock valued at $275,000 after acquiring an additional 1,138 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in FLIR Systems by 11.6% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 26,051 shares of the scientific and technical instruments company’s stock valued at $1,214,000 after purchasing an additional 2,705 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in FLIR Systems by 2.7% during the 4th quarter. TIAA CREF Investment Management LLC now owns 763,000 shares of the scientific and technical instruments company’s stock valued at $35,571,000 after purchasing an additional 19,975 shares during the last quarter. Teachers Advisors LLC lifted its holdings in FLIR Systems by 29.9% during the 4th quarter. Teachers Advisors LLC now owns 666,037 shares of the scientific and technical instruments company’s stock valued at $31,051,000 after purchasing an additional 153,294 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in FLIR Systems by 4.9% during the 4th quarter. Captrust Financial Advisors now owns 28,673 shares of the scientific and technical instruments company’s stock valued at $1,337,000 after purchasing an additional 1,344 shares during the last quarter. Institutional investors and hedge funds own 92.93% of the company’s stock.

How to Become a New Pot Stock Millionaire

Several equities analysts recently issued reports on FLIR shares. BidaskClub raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. ValuEngine raised shares of FLIR Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Stephens set a $59.00 price target on shares of FLIR Systems and gave the company a “buy” rating in a report on Friday, February 16th. SunTrust Banks raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Monday, January 8th. Finally, Zacks Investment Research raised shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $51.67.

FLIR Systems stock opened at $49.93 on Monday. FLIR Systems, Inc. has a 12 month low of $33.95 and a 12 month high of $52.88. The firm has a market cap of $6,936.26, a PE ratio of 64.01 and a beta of 0.68. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.51 and a quick ratio of 2.57.

FLIR Systems (NASDAQ:FLIR) last announced its earnings results on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. FLIR Systems had a net margin of 5.96% and a return on equity of 14.54%. The company had revenue of $494.80 million during the quarter, compared to the consensus estimate of $501.44 million. During the same period in the previous year, the firm posted $0.48 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. sell-side analysts anticipate that FLIR Systems, Inc. will post 2.11 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a $0.16 dividend. The ex-dividend date was Thursday, February 22nd. This is an increase from FLIR Systems’s previous quarterly dividend of $0.15. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.28%. FLIR Systems’s payout ratio is currently 82.05%.

WARNING: This news story was published by Markets Daily and is the sole property of of Markets Daily. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.themarketsdaily.com/2018/03/19/meadow-creek-investment-management-llc-sells-6468-shares-of-flir-systems-inc-flir.html.

FLIR Systems Company Profile

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

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.

Leave a Reply