Teachers Retirement System of The State of Kentucky held its stake in FARO Technologies, Inc. (NASDAQ:FARO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the scientific and technical instruments company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in FARO Technologies were worth $179,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in FARO. Norges Bank acquired a new stake in FARO Technologies during the fourth quarter valued at $13,371,000. Teachers Advisors LLC raised its stake in FARO Technologies by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 29,538 shares of the scientific and technical instruments company’s stock valued at $1,063,000 after buying an additional 234 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in FARO Technologies by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the scientific and technical instruments company’s stock valued at $243,000 after buying an additional 100 shares during the last quarter. Fisher Asset Management LLC raised its stake in FARO Technologies by 35.4% in the first quarter. Fisher Asset Management LLC now owns 49,736 shares of the scientific and technical instruments company’s stock valued at $1,778,000 after buying an additional 12,998 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in FARO Technologies by 6.6% in the first quarter. Great West Life Assurance Co. Can now owns 23,154 shares of the scientific and technical instruments company’s stock valued at $827,000 after buying an additional 1,429 shares during the last quarter. Hedge funds and other institutional investors own 92.76% of the company’s stock.

FARO Technologies, Inc. (NASDAQ:FARO) traded up 0.60% during trading on Monday, hitting $33.50. 12,222 shares of the stock traded hands. FARO Technologies, Inc. has a one year low of $29.00 and a one year high of $40.60. The company has a 50-day moving average price of $37.56 and a 200 day moving average price of $36.12. The stock’s market cap is $559.72 million.

FARO Technologies (NASDAQ:FARO) last released its quarterly earnings data on Tuesday, August 1st. The scientific and technical instruments company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.34. FARO Technologies had a negative return on equity of 0.13% and a negative net margin of 0.13%. The company had revenue of $82.68 million for the quarter, compared to analyst estimates of $87.65 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that FARO Technologies, Inc. will post ($0.13) earnings per share for the current year.

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FARO has been the subject of several recent research reports. Zacks Investment Research upgraded shares of FARO Technologies from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Tuesday, April 25th. Canaccord Genuity reiterated a “buy” rating on shares of FARO Technologies in a research note on Thursday, May 11th. Needham & Company LLC lowered their target price on shares of FARO Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, May 11th. Noble Financial reiterated a “buy” rating on shares of FARO Technologies in a research note on Saturday, May 13th. Finally, ValuEngine lowered shares of FARO Technologies from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. FARO Technologies presently has an average rating of “Hold” and a consensus target price of $40.60.

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.

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

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