Public Employees Retirement System of Ohio boosted its holdings in FARO Technologies, Inc. (NASDAQ:FARO – Free Report) by 56.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,334 shares of the scientific and technical instruments company’s stock after buying an additional 11,623 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.17% of FARO Technologies worth $492,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of FARO. Point72 Asset Management L.P. purchased a new position in FARO Technologies in the second quarter valued at $26,000. Tower Research Capital LLC TRC increased its holdings in FARO Technologies by 114.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,503 shares of the scientific and technical instruments company’s stock valued at $41,000 after buying an additional 1,335 shares during the last quarter. Royal Bank of Canada increased its holdings in FARO Technologies by 241.7% in the second quarter. Royal Bank of Canada now owns 4,183 shares of the scientific and technical instruments company’s stock valued at $68,000 after buying an additional 2,959 shares during the last quarter. Captrust Financial Advisors increased its holdings in FARO Technologies by 29.7% in the first quarter. Captrust Financial Advisors now owns 1,985 shares of the scientific and technical instruments company’s stock valued at $103,000 after buying an additional 455 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in FARO Technologies in the third quarter valued at $131,000. Hedge funds and other institutional investors own 97.19% of the company’s stock.
FARO Technologies Stock Performance
Shares of FARO stock opened at $21.61 on Thursday. The stock’s 50-day moving average is $21.80 and its two-hundred day moving average is $19.01. The firm has a market cap of $409.94 million, a price-to-earnings ratio of -7.23 and a beta of 1.41. FARO Technologies, Inc. has a 1 year low of $10.30 and a 1 year high of $25.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.00 and a current ratio of 2.31.
Analyst Upgrades and Downgrades
Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price objective on shares of FARO Technologies in a report on Thursday, February 29th.
Check Out Our Latest Stock Analysis on FARO
Insider Buying and Selling
In related news, VP Jeffrey D. Sexton sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $20.06, for a total transaction of $30,090.00. Following the transaction, the vice president now owns 27,706 shares of the company’s stock, valued at $555,782.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.
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.
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