SG Americas Securities LLC Increases Stake in FARO Technologies, Inc. (NASDAQ:FARO)

SG Americas Securities LLC lifted its position in FARO Technologies, Inc. (NASDAQ:FARO) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,345 shares of the scientific and technical instruments company’s stock after buying an additional 966 shares during the period. SG Americas Securities LLC’s holdings in FARO Technologies were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of FARO. Range Financial Group LLC purchased a new position in shares of FARO Technologies in the 4th quarter worth $374,000. Barclays PLC boosted its position in FARO Technologies by 41.4% in the third quarter. Barclays PLC now owns 61,125 shares of the scientific and technical instruments company’s stock valued at $1,171,000 after buying an additional 17,892 shares during the last quarter. Geode Capital Management LLC grew its position in shares of FARO Technologies by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 450,899 shares of the scientific and technical instruments company’s stock valued at $8,633,000 after acquiring an additional 19,005 shares during the period. Polar Asset Management Partners Inc. raised its holdings in FARO Technologies by 0.4% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 676,796 shares of the scientific and technical instruments company’s stock worth $12,954,000 after purchasing an additional 2,700 shares during the period. Finally, Needham Investment Management LLC grew its holdings in FARO Technologies by 20.0% in the third quarter. Needham Investment Management LLC now owns 1,029,250 shares of the scientific and technical instruments company’s stock valued at $19,700,000 after purchasing an additional 171,300 shares during the period. Institutional investors own 97.19% of the company’s stock.

FARO Technologies Stock Performance

NASDAQ:FARO opened at $29.49 on Friday. FARO Technologies, Inc. has a 12 month low of $13.52 and a 12 month high of $32.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83. The firm has a market capitalization of $557.95 million, a PE ratio of -84.25 and a beta of 1.40. The business’s fifty day moving average price is $27.99 and its 200 day moving average price is $22.02.

Analyst Ratings Changes

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

Insider Transactions at FARO Technologies

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

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.