Jefferies Group LLC trimmed its stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) by 52.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,113 shares of the scientific and technical instruments company’s stock after selling 94,456 shares during the period. Jefferies Group LLC’s holdings in FLIR Systems were worth $5,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FLIR. Fort L.P. purchased a new stake in shares of FLIR Systems during the second quarter valued at $117,000. OLD Mutual Customised Solutions Proprietary Ltd. purchased a new stake in shares of FLIR Systems during the second quarter valued at $130,000. Zions Bancorporation purchased a new stake in shares of FLIR Systems during the third quarter valued at $130,000. Almanack Investment Partners LLC. purchased a new stake in shares of FLIR Systems during the second quarter valued at $185,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of FLIR Systems during the third quarter valued at $206,000. 90.86% of the stock is owned by institutional investors and hedge funds.

NASDAQ:FLIR opened at $43.33 on Friday. The firm has a market cap of $6.19 billion, a P/E ratio of 20.52 and a beta of 1.09. FLIR Systems, Inc. has a 1-year low of $43.22 and a 1-year high of $63.88. The company has a current ratio of 4.21, a quick ratio of 3.04 and a debt-to-equity ratio of 0.22.

FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Tuesday, October 30th. The scientific and technical instruments company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $434.89 million for the quarter, compared to analyst estimates of $445.46 million. FLIR Systems had a return on equity of 16.74% and a net margin of 7.33%. FLIR Systems’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share. Equities research analysts predict that FLIR Systems, Inc. will post 2.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 23rd were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.48%. The ex-dividend date was Wednesday, November 21st. FLIR Systems’s payout ratio is 34.04%.

In other FLIR Systems news, SVP Todd M. Duchene sold 1,000 shares of the company’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $55.63, for a total value of $55,630.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Several research analysts recently weighed in on the company. BidaskClub raised FLIR Systems from a “hold” rating to a “buy” rating in a research report on Saturday, September 1st. William Blair raised FLIR Systems from a “market perform” rating to an “outperform” rating in a research report on Monday, August 20th. Zacks Investment Research lowered FLIR Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Imperial Capital lowered FLIR Systems from an “outperform” rating to an “in-line” rating in a research report on Friday, October 19th. Finally, Needham & Company LLC dropped their price target on FLIR Systems from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $58.17.

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FLIR Systems Company Profile

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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