FARO Technologies, Inc. (NASDAQ:FARO) Stock Holdings Decreased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of FARO Technologies, Inc. (NASDAQ:FARO) by 13.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,581 shares of the scientific and technical instruments company’s stock after selling 11,537 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.37% of FARO Technologies worth $1,389,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of FARO. Royce & Associates LP lifted its holdings in FARO Technologies by 20.0% during the 3rd quarter. Royce & Associates LP now owns 1,409,031 shares of the scientific and technical instruments company’s stock worth $26,969,000 after buying an additional 234,650 shares during the last quarter. Swedbank AB acquired a new stake in shares of FARO Technologies during the 1st quarter valued at approximately $3,226,000. Divisar Capital Management LLC lifted its stake in FARO Technologies by 5.1% during the second quarter. Divisar Capital Management LLC now owns 1,838,777 shares of the scientific and technical instruments company’s stock worth $29,420,000 after purchasing an additional 90,000 shares during the last quarter. Vanguard Group Inc. boosted its holdings in FARO Technologies by 4.2% in the first quarter. Vanguard Group Inc. now owns 1,589,519 shares of the scientific and technical instruments company’s stock worth $34,191,000 after purchasing an additional 64,095 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in FARO Technologies by 10.8% during the second quarter. Dimensional Fund Advisors LP now owns 604,432 shares of the scientific and technical instruments company’s stock valued at $9,671,000 after purchasing an additional 59,142 shares during the last quarter. 97.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FARO Technologies

In other FARO Technologies news, CEO Peter James Lau sold 5,435 shares of FARO Technologies 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 sale, the chief executive officer now owns 133,975 shares of the company’s stock, valued at $2,233,363.25. The trade was a 3.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

FARO Technologies Stock Performance

Shares of FARO opened at $26.40 on Wednesday. The firm has a fifty day moving average of $20.28 and a 200-day moving average of $18.22. The company has a market cap of $499.41 million, a price-to-earnings ratio of -75.89 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17. FARO Technologies, Inc. has a 1 year low of $13.52 and a 1 year high of $28.04.

Analysts Set New Price Targets

Several research analysts have recently commented on FARO shares. StockNews.com raised shares of FARO Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Needham & Company LLC lifted their target price on FARO Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Finally, Craig Hallum upped their target price on FARO Technologies from $25.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, November 7th.

About FARO Technologies

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.