FLIR Systems (FLIR) : Spf Beheer Bv reduced its stake in FLIR Systems by 5.13% during the most recent quarter end. The investment management company now holds a total of 1,680,110 shares of FLIR Systems which is valued at $52,688,250 after selling 90,838 shares in FLIR Systems , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.FLIR Systems makes up approximately 2.68% of Spf Beheer Bv’s portfolio.
Other Hedge Funds, Including , Retirement Systems Of Alabama reduced its stake in FLIR by selling 123,410 shares or 63.75% in the most recent quarter. The Hedge Fund company now holds 70,166 shares of FLIR which is valued at $2,276,185. FLIR Systems makes up approx 0.01% of Retirement Systems Of Alabama’s portfolio.Sprucegrove Investment Management Ltd reduced its stake in FLIR by selling 53,500 shares or 6.02% in the most recent quarter. The Hedge Fund company now holds 835,198 shares of FLIR which is valued at $27,093,823. FLIR Systems makes up approx 1.07% of Sprucegrove Investment Management Ltd’s portfolio.
FLIR Systems opened for trading at $30.92 and hit $31.08 on the upside on Monday, eventually ending the session at $30.98, with a gain of 0.19% or 0.06 points. The heightened volatility saw the trading volume jump to 7,55,694 shares. Company has a market cap of $4,253 M.
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.
Investors should note that on Jul 27, 2016, FLIR Systems announced a cash dividend of $0.1200. The company’s management has announced Aug 17, 2016 as the ex-dividend date and fixed the record date on Aug 19, 2016. The payable date has been fixed on Sep 2, 2016.
Many Wall Street Analysts have commented on FLIR Systems. 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 Companys 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.