Dimensional Fund Advisors LP Has $41.94 Million Position in FARO Technologies, Inc. (FARO)

Dimensional Fund Advisors LP grew its holdings in FARO Technologies, Inc. (NASDAQ:FARO) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,096,494 shares of the scientific and technical instruments company’s stock after buying an additional 59,528 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.56% of FARO Technologies worth $41,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. lifted its stake in shares of FARO Technologies by 1.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 72,526 shares of the scientific and technical instruments company’s stock valued at $2,742,000 after purchasing an additional 821 shares during the period. Legal & General Group Plc lifted its stake in shares of FARO Technologies by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 32,203 shares of the scientific and technical instruments company’s stock valued at $1,218,000 after purchasing an additional 2,696 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of FARO Technologies by 71.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,956 shares of the scientific and technical instruments company’s stock valued at $225,000 after purchasing an additional 2,490 shares during the period. Victory Capital Management Inc. lifted its stake in shares of FARO Technologies by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,811 shares of the scientific and technical instruments company’s stock valued at $144,000 after purchasing an additional 572 shares during the period. Finally, Baillie Gifford & Co. lifted its stake in shares of FARO Technologies by 25.2% in the 2nd quarter. Baillie Gifford & Co. now owns 217,980 shares of the scientific and technical instruments company’s stock valued at $8,239,000 after purchasing an additional 43,900 shares during the period. Institutional investors and hedge funds own 97.67% of the company’s stock.

A number of research analysts have recently commented on the company. Craig Hallum set a $60.00 target price on FARO Technologies and gave the company a “buy” rating in a research note on Monday, November 27th. Zacks Investment Research lowered FARO Technologies from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Noble Financial reaffirmed a “buy” rating on shares of FARO Technologies in a research report on Friday, November 3rd. BidaskClub raised FARO Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $52.00 price objective (up previously from $42.00) on shares of FARO Technologies in a research report on Monday, October 30th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. FARO Technologies presently has a consensus rating of “Buy” and a consensus target price of $50.50.

FARO Technologies, Inc. (NASDAQ FARO) traded down $0.90 during trading on Thursday, hitting $53.00. The company’s stock had a trading volume of 78,125 shares, compared to its average volume of 78,610. The company has a market cap of $899.90, a price-to-earnings ratio of -5,300,000.00 and a beta of 1.43. FARO Technologies, Inc. has a twelve month low of $31.90 and a twelve month high of $54.80.

FARO Technologies (NASDAQ:FARO) last released its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.14. The firm had revenue of $90.25 million for the quarter, compared to the consensus estimate of $89.34 million. FARO Technologies had a return on equity of 0.03% and a net margin of 0.03%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period last year, the business posted $0.07 EPS. research analysts predict that FARO Technologies, Inc. will post 0.1 earnings per share for the current year.

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About FARO Technologies

FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.

Institutional Ownership by Quarter for FARO Technologies (NASDAQ:FARO)

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