Vontobel Holding Ltd. Invests $437,000 in FARO Technologies, Inc. (NASDAQ:FARO)

Vontobel Holding Ltd. acquired a new position in shares of FARO Technologies, Inc. (NASDAQ:FARO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,011 shares of the scientific and technical instruments company's stock, valued at approximately $437,000. Vontobel Holding Ltd. owned about 0.08% of FARO Technologies at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Millennium Management LLC increased its stake in FARO Technologies by 0.8% in the 4th quarter. Millennium Management LLC now owns 54,069 shares of the scientific and technical instruments company's stock valued at $1,371,000 after buying an additional 439 shares during the period. SG Americas Securities LLC lifted its holdings in FARO Technologies by 60.5% in the 1st quarter. SG Americas Securities LLC now owns 13,391 shares of the scientific and technical instruments company's stock valued at $366,000 after purchasing an additional 5,046 shares in the last quarter. GAMMA Investing LLC lifted its holdings in FARO Technologies by 9,650.0% in the 1st quarter. GAMMA Investing LLC now owns 10,920 shares of the scientific and technical instruments company's stock valued at $298,000 after purchasing an additional 10,808 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of FARO Technologies during the 4th quarter worth about $78,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of FARO Technologies by 27.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,307 shares of the scientific and technical instruments company's stock worth $312,000 after acquiring an additional 2,672 shares during the period. 97.19% of the stock is owned by institutional investors and hedge funds.

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 report on Friday, May 16th. They set a "buy" rating for the company. Craig Hallum downgraded shares of FARO Technologies from a "buy" rating to a "hold" rating in a research report on Tuesday, May 6th. Finally, Needham & Company LLC cut shares of FARO Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.

FARO Technologies Stock Performance

Shares of FARO opened at $43.91 on Tuesday. The firm's 50 day moving average is $41.59 and its 200-day moving average is $32.84. The stock has a market capitalization of $848.34 million, a P/E ratio of -878.20 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 $44.03.

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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