Teachers Advisors LLC boosted its stake in Faro Technologies (NASDAQ:FARO) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,362 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,400 shares during the period. Teachers Advisors LLC owned 0.27% of Faro Technologies worth $2,132,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in FARO. Paradice Investment Management LLC bought a new stake in shares of Faro Technologies in the fourth quarter valued at approximately $24,698,000. Global X Management Co. LLC grew its stake in Faro Technologies by 123.2% during the fourth quarter. Global X Management Co. LLC now owns 180,691 shares of the scientific and technical instruments company’s stock valued at $8,492,000 after acquiring an additional 99,723 shares in the last quarter. Deutsche Bank AG grew its stake in Faro Technologies by 150.4% in the 4th quarter. Deutsche Bank AG now owns 110,346 shares of the scientific and technical instruments company’s stock worth $5,185,000 after buying an additional 66,279 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Faro Technologies by 5.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,096,494 shares of the scientific and technical instruments company’s stock worth $41,941,000 after buying an additional 59,528 shares in the last quarter. Finally, Princeton Capital Management LLC purchased a new position in Faro Technologies in the 4th quarter worth approximately $1,767,000. 92.58% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Simon Raab sold 11,700 shares of Faro Technologies stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $59.93, for a total value of $701,181.00. Following the completion of the sale, the insider now directly owns 38,478 shares in the company, valued at $2,305,986.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jody Storm Gale sold 10,666 shares of the business’s stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $59.77, for a total transaction of $637,506.82. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
NASDAQ FARO opened at $63.40 on Tuesday. The firm has a market cap of $1,075.64, a price-to-earnings ratio of 218.79 and a beta of 1.43. Faro Technologies has a 52 week low of $32.00 and a 52 week high of $65.35.
Faro Technologies (NASDAQ:FARO) last posted its quarterly earnings data on Wednesday, February 21st. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.36 by $0.14. Faro Technologies had a negative net margin of 4.02% and a positive return on equity of 1.39%. The company had revenue of $106.40 million during the quarter, compared to analyst estimates of $104.31 million. During the same period in the previous year, the firm earned $0.21 earnings per share. Faro Technologies’s quarterly revenue was up 16.0% compared to the same quarter last year. equities analysts anticipate that Faro Technologies will post 1.03 EPS for the current fiscal year.
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Faro Technologies Profile
FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven, three-dimensional (3D) measurement, imaging, and realization systems. The company offers FaroArm, a combination of six or seven-axis, articulated measurement arm, a computer, and CAM2 software programs; and FARO ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products.
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