FARO Technologies, Inc. (NASDAQ:FARO) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 744,222 shares of the scientific and technical instruments company's stock after acquiring an additional 62,305 shares during the period. Dimensional Fund Advisors LP owned approximately 3.93% of FARO Technologies worth $18,874,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its position in FARO Technologies by 244.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 213,423 shares of the scientific and technical instruments company's stock valued at $5,412,000 after buying an additional 151,382 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in FARO Technologies during the fourth quarter valued at approximately $3,562,000. Hodges Capital Management Inc. acquired a new position in FARO Technologies during the fourth quarter valued at approximately $3,144,000. EAM Investors LLC acquired a new position in FARO Technologies during the fourth quarter valued at approximately $1,021,000. Finally, Los Angeles Capital Management LLC acquired a new position in FARO Technologies during the fourth quarter valued at approximately $716,000. 97.19% of the stock is owned by institutional investors and hedge funds.

FARO Technologies Stock Up 0.1%

NASDAQ:FARO traded up $0.04 on Tuesday, reaching $42.20. The stock had a trading volume of 424,982 shares, compared to its average volume of 262,088. The company has a current ratio of 2.17, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $28.91 and a 200 day moving average of $27.80. The stock has a market cap of $811.34 million, a P/E ratio of -120.57 and a beta of 1.49. FARO Technologies, Inc. has a 12-month low of $13.52 and a 12-month high of $42.64.

FARO Technologies (NASDAQ:FARO - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The scientific and technical instruments company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10. The firm had revenue of $93.54 million for the quarter, compared to analysts' expectations of $91.40 million. FARO Technologies had a negative net margin of 1.87% and a negative return on equity of 2.49%. During the same period in the prior year, the company posted $0.36 earnings per share.

Insider Activity at FARO Technologies

In related news, CFO Matthew Horwath sold 1,480 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $29.30, for a total transaction of $43,364.00. Following the sale, the chief financial officer now owns 39,430 shares in the company, valued at $1,155,299. This represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter James Lau sold 4,617 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $29.30, for a total transaction of $135,278.10. Following the sale, the chief executive officer now owns 160,076 shares in the company, valued at approximately $4,690,226.80. This trade represents a 2.80% decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Craig Hallum cut shares of FARO Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. StockNews.com cut shares of FARO Technologies from a "strong-buy" rating to a "buy" rating in a research report on Sunday, March 16th. Finally, Needham & Company LLC cut shares of FARO Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.

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.