Trexquant Investment LP increased its position in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 23.8% during the second quarter, Holdings Channel reports. The institutional investor owned 12,500 shares of the scientific and technical instruments company’s stock after buying an additional 2,400 shares during the period. Trexquant Investment LP’s holdings in FLIR Systems were worth $433,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. First Merchants Corp boosted its position in FLIR Systems by 5.5% in the first quarter. First Merchants Corp now owns 54,102 shares of the scientific and technical instruments company’s stock valued at $1,962,000 after buying an additional 2,815 shares during the period. Russell Investments Group Ltd. increased its stake in shares of FLIR Systems by 46.5% in the first quarter. Russell Investments Group Ltd. now owns 558,897 shares of the scientific and technical instruments company’s stock valued at $20,278,000 after buying an additional 177,495 shares in the last quarter. Shell Asset Management Co. increased its stake in shares of FLIR Systems by 5.0% in the first quarter. Shell Asset Management Co. now owns 8,860 shares of the scientific and technical instruments company’s stock valued at $321,000 after buying an additional 422 shares in the last quarter. Cardinal Capital Management increased its stake in shares of FLIR Systems by 1.6% in the first quarter. Cardinal Capital Management now owns 12,987 shares of the scientific and technical instruments company’s stock valued at $471,000 after buying an additional 204 shares in the last quarter. Finally, Glen Harbor Capital Management LLC increased its stake in shares of FLIR Systems by 0.4% in the first quarter. Glen Harbor Capital Management LLC now owns 37,536 shares of the scientific and technical instruments company’s stock valued at $1,362,000 after buying an additional 136 shares in the last quarter. Institutional investors and hedge funds own 87.44% of the company’s stock.

Shares of FLIR Systems, Inc. (FLIR) opened at 37.71 on Tuesday. The company has a 50-day moving average of $36.85 and a 200-day moving average of $36.55. FLIR Systems, Inc. has a 52 week low of $28.26 and a 52 week high of $38.94. The firm has a market capitalization of $5.17 billion, a PE ratio of 24.31 and a beta of 0.59.

FLIR Systems (NASDAQ:FLIR) last released its earnings results on Wednesday, July 26th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $434.12 million for the quarter, compared to analyst estimates of $437.32 million. FLIR Systems had a return on equity of 11.78% and a net margin of 11.84%. FLIR Systems’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. On average, equities analysts forecast that FLIR Systems, Inc. will post $1.85 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Wednesday, August 23rd. FLIR Systems’s payout ratio is currently 38.46%.

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Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Thursday, July 27th. BidaskClub downgraded shares of FLIR Systems from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. UBS AG upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating in a research report on Monday, July 10th. Stephens began coverage on shares of FLIR Systems in a research report on Friday, July 7th. They issued an “overweight” rating for the company. Finally, Raymond James Financial, Inc. upgraded shares of FLIR Systems from a “market perform” rating to a “strong-buy” rating and set a $43.00 price target for the company in a research report on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. FLIR Systems currently has a consensus rating of “Buy” and an average target price of $38.13.

In related news, Director Earl R. Lewis sold 11,587 shares of FLIR Systems stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $37.27, for a total value of $431,847.49. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jeffrey Frank sold 13,971 shares of FLIR Systems stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $37.40, for a total value of $522,515.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,358 shares of company stock worth $2,349,223. 3.00% of the stock is owned by corporate insiders.

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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