FARO Technologies, Inc. (NASDAQ:FARO) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in FARO Technologies, Inc. (NASDAQ:FARO) by 13.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,345 shares of the scientific and technical instruments company’s stock after purchasing an additional 966 shares during the period. SG Americas Securities LLC’s holdings in FARO Technologies were worth $212,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CWM LLC grew its stake in FARO Technologies by 41.0% in the 3rd quarter. CWM LLC now owns 3,328 shares of the scientific and technical instruments company’s stock valued at $64,000 after acquiring an additional 968 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of FARO Technologies in the third quarter valued at about $213,000. Range Financial Group LLC acquired a new stake in shares of FARO Technologies in the fourth quarter valued at approximately $374,000. Quest Partners LLC increased its stake in shares of FARO Technologies by 196.7% during the 3rd quarter. Quest Partners LLC now owns 31,622 shares of the scientific and technical instruments company’s stock worth $605,000 after purchasing an additional 20,963 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of FARO Technologies during the 2nd quarter worth approximately $901,000. Hedge funds and other institutional investors own 97.19% of the company’s stock.

Insider Activity at FARO Technologies

In other FARO Technologies news, Director Yuval Wasserman sold 5,658 shares of FARO Technologies stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $31.35, for a total value of $177,378.30. Following the completion of the sale, the director now owns 153,512 shares in the company, valued at $4,812,601.20. The trade was a 3.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FARO. Needham & Company LLC raised their price target on FARO Technologies from $26.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. StockNews.com upgraded FARO Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Finally, Craig Hallum upped their target price on shares of FARO Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a report on Thursday, December 12th.

FARO Technologies Trading Down 4.1 %

Shares of FARO opened at $29.49 on Friday. FARO Technologies, Inc. has a fifty-two week low of $13.52 and a fifty-two week high of $32.90. The stock has a fifty day moving average of $27.99 and a two-hundred day moving average of $22.02. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17. The company has a market capitalization of $557.95 million, a PE ratio of -84.25 and a beta of 1.40.

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.