Guggenheim Capital LLC Has $4.73 Million Holdings in FLIR Systems, Inc. (NASDAQ:FLIR)
Guggenheim Capital LLC lowered its position in FLIR Systems, Inc. (NASDAQ:FLIR) by 42.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 148,281 shares of the scientific and technical instruments company’s stock after selling 110,938 shares during the period. Guggenheim Capital LLC’s holdings in FLIR Systems were worth $4,729,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in FLIR Systems in the 1st quarter valued at $25,000. NWK Group Inc. purchased a new stake in FLIR Systems in the 4th quarter valued at about $31,000. TCI Wealth Advisors Inc. bought a new position in shares of FLIR Systems during the 1st quarter worth approximately $32,000. Marshall Wace North America L.P. bought a new position in shares of FLIR Systems during the 4th quarter worth approximately $49,000. Finally, First Bank & Trust grew its holdings in shares of FLIR Systems by 138.6% in the first quarter. First Bank & Trust now owns 1,866 shares of the scientific and technical instruments company’s stock valued at $59,000 after acquiring an additional 1,084 shares in the last quarter. Institutional investors own 92.81% of the company’s stock.
In related news, Director Steven E. Wynne sold 21,300 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $48.88, for a total transaction of $1,041,144.00. Following the completion of the sale, the director now directly owns 49,661 shares in the company, valued at $2,427,429.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.58% of the stock is owned by insiders.
FLIR Systems (NASDAQ:FLIR) last posted its quarterly earnings results on Wednesday, May 6th. The scientific and technical instruments company reported $0.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $450.90 million during the quarter, compared to analyst estimates of $437.48 million. FLIR Systems had a net margin of 6.62% and a return on equity of 15.71%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, analysts forecast that FLIR Systems, Inc. will post 2.07 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 21st. This represents a $0.68 annualized dividend and a yield of 1.70%. FLIR Systems’s payout ratio is 30.49%.
A number of equities analysts recently weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $52.00 price target on shares of FLIR Systems in a report on Wednesday, May 6th. BidaskClub cut shares of FLIR Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, June 12th. William Blair restated a “buy” rating on shares of FLIR Systems in a research report on Wednesday, June 17th. Imperial Capital lifted their price objective on shares of FLIR Systems from $45.00 to $52.00 and gave the stock an “in-line” rating in a report on Wednesday, May 13th. Finally, SunTrust Banks reduced their target price on FLIR Systems from $50.00 to $44.00 and set a “hold” rating on the stock in a research note on Thursday, April 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. FLIR Systems presently has a consensus rating of “Hold” and an average price target of $50.88.
About FLIR Systems
FLIR Systems, Inc designs, develops, markets, and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company operates in three segments: Industrial Business Unit, Government and Defense Business Unit, and Commercial Business Unit.
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