Royce & Associates LP Sells 287,910 Shares of FARO Technologies, Inc. (NASDAQ:FARO)

Royce & Associates LP reduced its stake in FARO Technologies, Inc. (NASDAQ:FARO - Free Report) by 21.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,053,329 shares of the scientific and technical instruments company's stock after selling 287,910 shares during the period. Royce & Associates LP owned approximately 5.48% of FARO Technologies worth $28,756,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FARO. T. Rowe Price Investment Management Inc. bought a new stake in shares of FARO Technologies in the 4th quarter worth about $10,849,000. Driehaus Capital Management LLC bought a new stake in shares of FARO Technologies in the 4th quarter worth about $8,990,000. Bastion Asset Management Inc. bought a new stake in shares of FARO Technologies in the 4th quarter worth about $5,892,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of FARO Technologies by 244.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 213,423 shares of the scientific and technical instruments company's stock worth $5,412,000 after buying an additional 151,382 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of FARO Technologies by 9.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 744,222 shares of the scientific and technical instruments company's stock worth $18,874,000 after purchasing an additional 62,305 shares during the period. 97.19% of the stock is currently owned by institutional investors.

FARO Technologies Price Performance

FARO Technologies stock remained flat at $43.99 during trading hours on Monday. The firm has a market capitalization of $849.89 million, a price-to-earnings ratio of -879.80 and a beta of 1.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.31 and a quick ratio of 2.01. FARO Technologies, Inc. has a 12-month low of $13.52 and a 12-month high of $44.06. The business has a fifty day moving average price of $43.25 and a 200 day moving average price of $34.61.

Analyst Ratings Changes

FARO has been the subject of a number of recent analyst reports. Wall Street Zen initiated coverage on shares of FARO Technologies in a research note on Friday, May 16th. They set a "buy" rating for the company. Needham & Company LLC cut shares of FARO Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th. Finally, Craig Hallum cut shares of FARO Technologies from a "buy" rating to a "hold" rating in a research note on Tuesday, May 6th.

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.