Alliancebernstein L.P. lowered its holdings in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 48.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,166 shares of the scientific and technical instruments company’s stock after selling 340,321 shares during the period. Alliancebernstein L.P. owned approximately 0.26% of FLIR Systems worth $16,558,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Geode Capital Management LLC boosted its stake in FLIR Systems by 3.9% during the fourth quarter. Geode Capital Management LLC now owns 1,651,406 shares of the scientific and technical instruments company’s stock worth $76,845,000 after acquiring an additional 62,308 shares in the last quarter. Lazard Asset Management LLC lifted its stake in shares of FLIR Systems by 5.9% in the fourth quarter. Lazard Asset Management LLC now owns 936,206 shares of the scientific and technical instruments company’s stock worth $43,645,000 after buying an additional 52,420 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of FLIR Systems in the fourth quarter worth approximately $339,000. Amalgamated Bank lifted its stake in shares of FLIR Systems by 6.9% in the fourth quarter. Amalgamated Bank now owns 29,258 shares of the scientific and technical instruments company’s stock worth $1,364,000 after buying an additional 1,885 shares in the last quarter. Finally, Arrow Investment Advisors LLC bought a new position in shares of FLIR Systems in the fourth quarter worth approximately $943,000. 92.93% of the stock is currently owned by institutional investors and hedge funds.

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FLIR Systems stock opened at $50.61 on Thursday. The company has a current ratio of 3.51, a quick ratio of 2.57 and a debt-to-equity ratio of 0.23. FLIR Systems, Inc. has a twelve month low of $33.95 and a twelve month high of $52.88. The firm has a market cap of $6,868.19, a P/E ratio of 64.89 and a beta of 0.68.

FLIR Systems (NASDAQ:FLIR) last released its quarterly earnings data on Wednesday, February 14th. The scientific and technical instruments company reported $0.58 earnings per share for the quarter, beating the 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 firm had revenue of $494.80 million during the quarter, compared to analysts’ expectations of $501.44 million. During the same period in the previous year, the company earned $0.48 earnings per share. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. analysts anticipate that FLIR Systems, Inc. will post 2.11 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.26%. This is a boost from FLIR Systems’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Thursday, February 22nd. FLIR Systems’s payout ratio is presently 82.05%.

Several research analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $58.00 target price (up previously from $56.00) on shares of FLIR Systems in a research note on Monday, March 12th. ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research downgraded shares of FLIR Systems from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. BidaskClub upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Saturday, March 3rd. Finally, Stephens set a $59.00 target price on shares of FLIR Systems and gave the stock a “buy” rating in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $51.67.

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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.

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

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