Meag Munich Ergo Kapitalanlagegesellschaft MBH Buys New Stake in FLIR Systems, Inc. (FLIR)

Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of FLIR Systems, Inc. (NASDAQ:FLIR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,570 shares of the scientific and technical instruments company’s stock, valued at approximately $311,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI purchased a new position in FLIR Systems during the fourth quarter valued at $1,251,000. Jennison Associates LLC lifted its position in FLIR Systems by 1.0% during the fourth quarter. Jennison Associates LLC now owns 918,702 shares of the scientific and technical instruments company’s stock valued at $42,830,000 after purchasing an additional 8,911 shares in the last quarter. Cerebellum GP LLC purchased a new position in FLIR Systems during the fourth quarter valued at $119,000. First Quadrant L P CA lifted its position in FLIR Systems by 1,279.9% during the fourth quarter. First Quadrant L P CA now owns 348,176 shares of the scientific and technical instruments company’s stock valued at $16,232,000 after purchasing an additional 322,944 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its position in FLIR Systems by 41.6% during the fourth quarter. State of Alaska Department of Revenue now owns 23,050 shares of the scientific and technical instruments company’s stock valued at $1,074,000 after purchasing an additional 6,770 shares in the last quarter. Institutional investors own 91.86% of the company’s stock.

Shares of FLIR Systems, Inc. (NASDAQ FLIR) opened at $49.94 on Monday. The company has a current ratio of 3.48, a quick ratio of 2.36 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $6,920.40, a PE ratio of 27.44 and a beta of 0.66. FLIR Systems, Inc. has a twelve month low of $33.75 and a twelve month high of $52.88.

FLIR has been the topic of several analyst reports. Robert W. Baird reiterated a “hold” rating and set a $34.00 target price on shares of FLIR Systems in a research report on Tuesday, October 24th. Raymond James Financial lifted their target price on FLIR Systems to $60.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price (up from $42.00) on shares of FLIR Systems in a research report on Thursday, October 26th. Zacks Investment Research raised FLIR Systems from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a report on Thursday, October 26th. Finally, SunTrust Banks raised their price target on FLIR Systems from $37.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $46.83.

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FLIR Systems Company Profile

FLIR Systems, Inc (FLIR) designs, develops, markets and distributes thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems and threat-detection solutions. The Company’s segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

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Institutional Ownership by Quarter for FLIR Systems (NASDAQ:FLIR)

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