Fenimore Asset Management Inc buys $34,006,547 stake in FLIR Systems (FLIR)

FLIR Systems (FLIR) : Fenimore Asset Management Inc scooped up 25,575 additional shares in FLIR Systems during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 1,138,485 shares of FLIR Systems which is valued at $34,006,547.FLIR Systems makes up approximately 1.66% of Fenimore Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in FLIR by selling 20 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 8,681 shares of FLIR which is valued at $259,301. FLIR Systems makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Cutler Group Lp sold out all of its stake in FLIR during the most recent quarter. The investment firm sold 50 shares of FLIR which is valued $1,521. Advisory Services Network added FLIR to its portfolio by purchasing 460 company shares during the most recent quarter which is valued at $13,970.Bnp Paribas Arbitrage Sa reduced its stake in FLIR by selling 6,763 shares or 31.23% in the most recent quarter. The Hedge Fund company now holds 14,895 shares of FLIR which is valued at $459,362.Independent Portfolio Consultants reduced its stake in FLIR by selling 2,855 shares or 26.35% in the most recent quarter. The Hedge Fund company now holds 7,980 shares of FLIR which is valued at $246,103. FLIR Systems makes up approx 0.08% of Independent Portfolio Consultants’s portfolio.

FLIR Systems closed down -0.55 points or -1.81% at $29.87 with 4,14,606 shares getting traded on Tuesday. Post opening the session at $30.41, the shares hit an intraday low of $29.7 and an intraday high of $30.41 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, FLIR Systems reported $0.34 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $0.35. The company had revenue of $402.73 million for the quarter, compared to analysts expectations of $402.77 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on FLIR Systems. Seaport Global Securities Initiated FLIR Systems on Oct 7, 2016 to “Buy”, Price Target of the shares are set at $36.FLIR Systems was Downgraded by Raymond James to ” Outperform” on Jul 25, 2016.

FLIR Systems Inc. (FLIR) designs develops markets and distributes thermal imaging systems visible-light imaging systems locater systems measurement and diagnostic systems and advanced threat-detection solutions. The Company’s operating segments include: Surveillance Instruments OEM and Emerging Markets Maritime Security and Detection. The Surveillance segment provides enhanced imaging and recognition solutions. The Instruments segments provide devices that image measure and assess thermal energy gases and related elements. The OEM and Emerging Markets segment provides thermal imaging camera cores and components. The Maritime segment develops and manufactures electronics and imaging instruments. The Security segment develops and manufactures cameras and video recording systems. The Detection segment offers sensors instruments and integrated platform solutions for the detection identification and suppression of chemical and other related threats.

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