Flir Systems (FLIR) Shareholder Marathon Asset Management Llp Has Decreased Stake as Market Value Rose; Montrusco Bolton Investments Has Boosted Its Stake in Canadian Natl Ry Co (CNI) as Valuation Declined

April 16, 2018 - By Nellie Frank

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Montrusco Bolton Investments Inc increased its stake in Canadian Natl Ry Co (CNI) by 2.11% based on its latest 2017Q4 regulatory filing with the SEC. Montrusco Bolton Investments Inc bought 6,834 shares as the company’s stock declined 12.30% with the market. The institutional investor held 331,384 shares of the railroads company at the end of 2017Q4, valued at $27.41M, up from 324,550 at the end of the previous reported quarter. Montrusco Bolton Investments Inc who had been investing in Canadian Natl Ry Co for a number of months, seems to be bullish on the $53.58B market cap company. The stock increased 1.16% or $0.86 during the last trading session, reaching $75.25. About 370,359 shares traded. Canadian National Railway Company (NYSE:CNI) has declined 1.34% since April 16, 2017 and is downtrending. It has underperformed by 12.89% the S&P500.

Bruce J. Richards decreased its stake in Flir Systems Inc (FLIR) by 24.74% based on its latest 2017Q4 regulatory filing with the SEC. Marathon Asset Management Llp sold 292,714 shares as the company’s stock rose 5.43% while stock markets declined. The hedge fund run by Bruce J. Richards held 890,262 shares of the capital goods company at the end of 2017Q4, valued at $41.50M, down from 1.18M at the end of the previous reported quarter. Marathon Asset Management Llp who had been investing in Flir Systems Inc for a number of months, seems to be less bullish one the $7.20 billion market cap company. The stock increased 0.93% or $0.48 during the last trading session, reaching $51.85. About 137,958 shares traded. FLIR Systems, Inc. (NASDAQ:FLIR) has risen 39.35% since April 16, 2017 and is uptrending. It has outperformed by 27.80% the S&P500.

Among 27 analysts covering Canadian National Railway (NYSE:CNI), 11 have Buy rating, 3 Sell and 13 Hold. Therefore 41% are positive. Canadian National Railway had 72 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Canadian National Railway Company (NYSE:CNI) has “Buy” rating given on Monday, July 17 by Cowen & Co. The company was maintained on Friday, September 22 by Cowen & Co. The stock of Canadian National Railway Company (NYSE:CNI) earned “Equal-Weight” rating by Barclays Capital on Tuesday, April 26. Bank of America maintained Canadian National Railway Company (NYSE:CNI) rating on Monday, February 22. Bank of America has “Buy” rating and $59 target. The rating was initiated by Argus Research on Tuesday, June 21 with “Buy”. The firm earned “Hold” rating on Thursday, March 8 by Credit Suisse. The stock of Canadian National Railway Company (NYSE:CNI) has “Equal-Weight” rating given on Monday, October 5 by Barclays Capital. Raymond James upgraded the stock to “Outperform” rating in Wednesday, January 4 report. As per Wednesday, October 25, the company rating was upgraded by Desjardins Securities. The firm has “Outperform” rating by Raymond James given on Wednesday, September 9.

Montrusco Bolton Investments Inc, which manages about $6.00B and $1.83B US Long portfolio, decreased its stake in Thomson Reuters Corp (NYSE:TRI) by 1.47M shares to 326,673 shares, valued at $14.29 million in 2017Q4, according to the filing. It also reduced its holding in Wells Fargo Co New (NYSE:WFC) by 16,952 shares in the quarter, leaving it with 88,156 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

Since October 27, 2017, it had 0 insider purchases, and 6 selling transactions for $8.57 million activity. WYNNE STEVEN E had sold 11,200 shares worth $530,208. $530,432 worth of FLIR Systems, Inc. (NASDAQ:FLIR) shares were sold by CARTER JOHN D. DUCHENE TODD M sold 9,000 shares worth $423,000. 1,836 shares were sold by HARDING BRIAN E, worth $86,108. The insider LEWIS EARL R sold $6.47 million.

Investors sentiment decreased to 1.19 in 2017 Q4. Its down 0.18, from 1.37 in 2017Q3. It worsened, as 26 investors sold FLIR shares while 135 reduced holdings. 67 funds opened positions while 124 raised stakes. 121.46 million shares or 1.09% less from 122.80 million shares in 2017Q3 were reported. Goldman Sachs Group owns 1.29M shares. Banque Pictet And Cie Sa reported 45,882 shares. State Teachers Retirement Systems reported 229,007 shares or 0.03% of all its holdings. Wells Fargo & Company Mn accumulated 908,349 shares or 0.01% of the stock. Stifel Fincl Corp invested in 67,889 shares or 0.01% of the stock. The Ohio-based Public Employees Retirement Of Ohio has invested 0.04% in FLIR Systems, Inc. (NASDAQ:FLIR). New York-based Mutual Of America Cap Mgmt Ltd Liability Company has invested 0.01% in FLIR Systems, Inc. (NASDAQ:FLIR). Quantres Asset Management Limited accumulated 7,500 shares or 0.22% of the stock. Dimensional Fund LP holds 1.37 million shares or 0.03% of its portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 6,570 shares or 0.01% of the stock. Segall Bryant & Hamill Limited Com, a Illinois-based fund reported 1.73M shares. Louisiana State Employees Retirement holds 0.02% or 8,400 shares in its portfolio. Moreover, Victory Cap Mngmt has 0.01% invested in FLIR Systems, Inc. (NASDAQ:FLIR) for 55,172 shares. Quantum Capital Mgmt invested 0.37% in FLIR Systems, Inc. (NASDAQ:FLIR). Pittenger Anderson Inc holds 0% or 800 shares.

Marathon Asset Management Llp, which manages about $50.94B and $6.49B US Long portfolio, upped its stake in Wells Fargo Co (NYSE:WFC) by 210,066 shares to 2.00 million shares, valued at $121.54 million in 2017Q4, according to the filing. It also increased its holding in First Republic Bank (NYSE:FRC) by 6,842 shares in the quarter, for a total of 435,590 shares, and has risen its stake in Markel Corp (NYSE:MKL).

Among 11 analysts covering FLIR Systems (NASDAQ:FLIR), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. FLIR Systems had 28 analyst reports since October 29, 2015 according to SRatingsIntel. The stock of FLIR Systems, Inc. (NASDAQ:FLIR) has “Buy” rating given on Thursday, February 15 by Seaport Global. Imperial Capital maintained FLIR Systems, Inc. (NASDAQ:FLIR) on Friday, November 4 with “Outperform” rating. Seaport Global Securities initiated the shares of FLIR in report on Friday, October 7 with “Buy” rating. The company was maintained on Tuesday, December 1 by Needham. The stock has “Equal-Weight” rating by Stephens on Friday, January 15. The rating was downgraded by Imperial Capital on Thursday, February 23 to “In-Line”. Robert W. Baird maintained the stock with “Hold” rating in Thursday, February 15 report. The stock has “Buy” rating by Stephens on Friday, February 16. The rating was downgraded by Raymond James on Tuesday, February 14 to “Mkt Perform”. As per Wednesday, January 17, the company rating was maintained by Stephens.

Analysts await FLIR Systems, Inc. (NASDAQ:FLIR) to report earnings on April, 25. They expect $0.43 earnings per share, up 19.44% or $0.07 from last year’s $0.36 per share. FLIR’s profit will be $59.74 million for 30.15 P/E if the $0.43 EPS becomes a reality. After $0.58 actual earnings per share reported by FLIR Systems, Inc. for the previous quarter, Wall Street now forecasts -25.86% negative EPS growth.

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