Quest Partners LLC boosted its holdings in FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 196.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,622 shares of the scientific and technical instruments company's stock after buying an additional 20,963 shares during the quarter. Quest Partners LLC owned approximately 0.16% of FARO Technologies worth $605,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in FARO. Royce & Associates LP raised its holdings in FARO Technologies by 20.0% in the 3rd quarter. Royce & Associates LP now owns 1,409,031 shares of the scientific and technical instruments company's stock valued at $26,969,000 after buying an additional 234,650 shares during the last quarter. Kennedy Capital Management LLC increased its position in FARO Technologies by 105.1% during the 1st quarter. Kennedy Capital Management LLC now owns 437,589 shares of the scientific and technical instruments company's stock valued at $9,413,000 after purchasing an additional 224,273 shares during the period. Swedbank AB acquired a new stake in FARO Technologies during the 1st quarter valued at approximately $3,226,000. Divisar Capital Management LLC increased its position in FARO Technologies by 5.1% during the 2nd quarter. Divisar Capital Management LLC now owns 1,838,777 shares of the scientific and technical instruments company's stock valued at $29,420,000 after purchasing an additional 90,000 shares during the period. Finally, Vanguard Group Inc. increased its position in FARO Technologies by 4.2% during the 1st quarter. Vanguard Group Inc. now owns 1,589,519 shares of the scientific and technical instruments company's stock valued at $34,191,000 after purchasing an additional 64,095 shares during the period. Institutional investors own 97.19% of the company's stock.
FARO Technologies Trading Up 2.7 %
Shares of FARO stock traded up $0.70 during trading hours on Friday, hitting $27.00. 272,437 shares of the company were exchanged, compared to its average volume of 183,704. FARO Technologies, Inc. has a fifty-two week low of $13.52 and a fifty-two week high of $28.04. The company has a 50 day simple moving average of $19.90 and a two-hundred day simple moving average of $18.11. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17.
Insider Buying and Selling
In other FARO Technologies news, CEO Peter James Lau sold 5,435 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $16.67, for a total transaction of $90,601.45. Following the transaction, the chief executive officer now directly owns 133,975 shares in the company, valued at approximately $2,233,363.25. This trade represents a 3.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of research firms have weighed in on FARO. Craig Hallum increased their target price on shares of FARO Technologies from $25.00 to $30.00 and gave the company a "buy" rating in a research report on Thursday, November 7th. Needham & Company LLC raised their price objective on shares of FARO Technologies from $24.00 to $26.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Finally, StockNews.com raised shares of FARO Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th.
Read Our Latest Analysis on FARO
FARO Technologies Company Profile
(
Free Report)
FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.
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