FLIR Systems Target of Unusually Large Options Trading (FLIR)

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FLIR Systems, Inc. (NASDAQ:FLIR) was the target of unusually large options trading activity on Tuesday. Stock investors bought 950 put options on the company. This represents an increase of 1,088% compared to the average volume of 80 put options.

A number of hedge funds have recently modified their holdings of FLIR. Bessemer Group Inc. increased its stake in FLIR Systems by 18.2% in the 4th quarter. Bessemer Group Inc. now owns 1,454 shares of the scientific and technical instruments company’s stock valued at $63,000 after buying an additional 224 shares during the last quarter. Atlas Capital Advisors LLC increased its stake in shares of FLIR Systems by 493.0% during the 4th quarter. Atlas Capital Advisors LLC now owns 2,805 shares of the scientific and technical instruments company’s stock worth $122,000 after purchasing an additional 2,332 shares during the last quarter. Stephens Inc. AR increased its stake in shares of FLIR Systems by 31.1% during the 4th quarter. Stephens Inc. AR now owns 2,840 shares of the scientific and technical instruments company’s stock worth $124,000 after purchasing an additional 673 shares during the last quarter. Zions Bancorporation acquired a new position in shares of FLIR Systems during the 3rd quarter worth about $130,000. Finally, Ffcm LLC increased its stake in shares of FLIR Systems by 660.2% during the 4th quarter. Ffcm LLC now owns 3,193 shares of the scientific and technical instruments company’s stock worth $139,000 after purchasing an additional 2,773 shares during the last quarter. Hedge funds and other institutional investors own 90.84% of the company’s stock.

A number of brokerages recently commented on FLIR. BidaskClub upgraded shares of FLIR Systems from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Zacks Investment Research lowered shares of FLIR Systems from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Imperial Capital lowered shares of FLIR Systems from an “outperform” rating to an “in-line” rating in a report on Friday, October 19th. ValuEngine upgraded shares of FLIR Systems from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Needham & Company LLC lowered their price target on shares of FLIR Systems from $62.00 to $60.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $61.83.

Shares of FLIR stock opened at $51.68 on Thursday. 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 has a 1 year low of $40.52 and a 1 year high of $63.88. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 27.49 and a beta of 1.12.

FLIR Systems (NASDAQ:FLIR) last issued its quarterly earnings results on Wednesday, February 13th. The scientific and technical instruments company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. FLIR Systems had a net margin of 7.33% and a return on equity of 16.74%. The firm had revenue of $448.50 million for the quarter, compared to analyst estimates of $463.91 million. During the same period in the previous year, the business earned $0.58 EPS. The company’s revenue was down 9.4% compared to the same quarter last year. Research analysts expect that FLIR Systems will post 2.21 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 22nd will be paid a $0.17 dividend. This is a positive change from FLIR Systems’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 1.32%. FLIR Systems’s payout ratio is presently 34.04%.

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About FLIR Systems

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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