Pensionfund Sabic Exits Position in FLIR Systems (FLIR)

FLIR Systems (FLIR) : Pensionfund Sabic has sold out all of its stake in FLIR Systems during the most recent quarter, according to a report filed by the company on Apr 4, 2016 with the SEC. The investment management company has sold out 50,000 shares of FLIR Systems which is valued at $1.6 Million.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands sold out all of its stake in FLIR during the most recent quarter. The investment firm sold 100,000 shares of FLIR which is valued $3.2 Million.

On the company’s financial health, FLIR Systems reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.48. The company had revenue of $437.60 million for the quarter, compared to analysts expectations of $429.01 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on FLIR Systems. Company shares were Reiterated by Needham on Mar 30, 2016 to “Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $35 .

FLIR Systems opened for trading at $32.16 and hit $32.54 on the upside on Monday, eventually ending the session at $32.39, with a gain of 1.03% or 0.33 points. The heightened volatility saw the trading volume jump to 6,45,643 shares. Company has a market cap of $4,456 M.

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.

Leave a Reply

FLIR Systems - Is it time to Sell?

Top Brokerage Firms are advising their investors on FLIR Systems. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.