Today The FLIR Systems, Inc. (FLIR) Research Coverage Started at SunTrust Banks, Inc.

Today The FLIR Systems, Inc. (FLIR) Research Coverage Started at SunTrust Banks, Inc.

SunTrust Banks, Inc. assumed coverage on shares of FLIR Systems, Inc. (NASDAQ:FLIR) in a research report report published on Thursday morning. The brokerage issued a hold rating and a $35.00 price objective on the stock.

Several other analysts have also commented on the stock. Zacks Investment Research raised shares of FLIR Systems from a sell rating to a hold rating in a research report on Wednesday, January 4th. Needham & Company LLC lifted their price target on shares of FLIR Systems from $36.00 to $40.00 and gave the company a buy rating in a research report on Thursday, December 1st. Imperial Capital reduced their price target on shares of FLIR Systems from $40.00 to $36.00 and set an outperform rating on the stock in a research report on Friday, November 4th. Seaport Global Securities began coverage on shares of FLIR Systems in a research report on Friday, October 7th. They set a buy rating and a $36.00 price target on the stock. Finally, Robert W. Baird began coverage on shares of FLIR Systems in a research report on Wednesday, October 5th. They set a neutral rating and a $34.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $36.40.

Shares of FLIR Systems (NASDAQ:FLIR) traded up 1.369% during mid-day trading on Thursday, reaching $35.175. The company’s stock had a trading volume of 165,776 shares. The stock has a market cap of $4.79 billion, a P/E ratio of 27.653 and a beta of 0.53. The stock has a 50 day moving average of $36.00 and a 200-day moving average of $32.94. FLIR Systems has a one year low of $26.48 and a one year high of $37.17.

In other FLIR Systems news, Director John D. Carter sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $32.66, for a total value of $653,200.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Earl R. Lewis sold 52,000 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $32.40, for a total value of $1,684,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 92,541 shares of company stock worth $3,013,053. 3.00% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in FLIR Systems by 1.4% in the second quarter. Vanguard Group Inc. now owns 12,550,865 shares of the company’s stock worth $388,450,000 after buying an additional 167,560 shares in the last quarter. Capital World Investors raised its stake in FLIR Systems by 18.7% in the third quarter. Capital World Investors now owns 6,434,182 shares of the company’s stock worth $202,162,000 after buying an additional 1,015,756 shares in the last quarter. Shapiro Capital Management LLC raised its stake in FLIR Systems by 46.4% in the third quarter. Shapiro Capital Management LLC now owns 3,426,274 shares of the company’s stock worth $107,654,000 after buying an additional 1,085,927 shares in the last quarter. Victory Capital Management Inc. raised its stake in FLIR Systems by 20.5% in the third quarter. Victory Capital Management Inc. now owns 3,089,778 shares of the company’s stock worth $97,081,000 after buying an additional 526,686 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in FLIR Systems by 3.8% in the third quarter. BlackRock Fund Advisors now owns 2,283,338 shares of the company’s stock worth $71,742,000 after buying an additional 82,574 shares in the last quarter. 90.40% of the stock is currently owned by institutional investors and hedge funds.

About FLIR Systems

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 segments include Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime and Detection.

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