Quest Partners LLC Increases Stock Holdings in FARO Technologies, Inc. (NASDAQ:FARO)

Quest Partners LLC boosted its stake in FARO Technologies, Inc. (NASDAQ:FARO) by 196.7% in the third quarter, HoldingsChannel reports. The institutional investor 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’s holdings in FARO Technologies were worth $605,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Royce & Associates LP raised its holdings in shares of FARO Technologies by 20.0% in the third 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 purchasing an additional 234,650 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of FARO Technologies by 27.6% during the 3rd quarter. GSA Capital Partners LLP now owns 78,277 shares of the scientific and technical instruments company’s stock worth $1,498,000 after buying an additional 16,944 shares in the last quarter. CWM LLC boosted its stake in shares of 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 worth $64,000 after buying an additional 968 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of FARO Technologies during the third quarter valued at approximately $141,000. Finally, Quarry LP lifted its holdings in FARO Technologies by 912.2% during the second quarter. Quarry LP now owns 1,832 shares of the scientific and technical instruments company’s stock worth $29,000 after acquiring an additional 1,651 shares during the period. 97.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FARO shares. StockNews.com upgraded FARO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Craig Hallum lifted their price objective on shares of FARO Technologies from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC increased their target price on shares of FARO Technologies from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, November 7th.

Insider Buying and Selling at FARO Technologies

In other FARO Technologies news, CEO Peter James Lau sold 5,435 shares of the business’s stock in a transaction on Friday, September 6th. The shares were 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 SEC, which is available through this link. Insiders own 2.10% of the company’s stock.

FARO Technologies Stock Up 2.7 %

Shares of NASDAQ FARO opened at $27.00 on Friday. The business’s fifty day moving average price is $19.90 and its 200-day moving average price is $18.11. FARO Technologies, Inc. has a one year low of $13.52 and a one year high of $28.04. The stock has a market capitalization of $510.76 million, a PE ratio of -76.37 and a beta of 1.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83.

FARO Technologies Profile

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.