Reticle on quad doesnt rotate and face player

Unity Engine
1

Im trying to get my reticle cross hairs to rotate and face players gaze at all times.
Any idea how to fix this?

using System.Collections;
using System.Collections.Generic;
using UnityEngine;

public class Reticle_Josh : MonoBehaviour
{
    public Camera cameraFacing;
    private Vector3 originalScale;
    // Use this for initialization
    void Start()
    {
        originalScale = transform.localScale;
    }

    // Update is called once per frame
    void Update()
    {
        RaycastHit hit;
        float distance;
        if (Physics.Raycast(new Ray(cameraFacing.transform.position, cameraFacing.transform.rotation * Vector3.forward), out hit))
        {
            distance = hit.distance;
         //   Debug.Log(hit.collider.name);
        }
        else
        {
            distance = cameraFacing.farClipPlane * 0.95f;
        }

        transform.position = cameraFacing.transform.position + cameraFacing.transform.rotation * Vector3.forward * distance;
        transform.LookAt(cameraFacing.transform.position);
        transform.Rotate(0.0f, 180.0f, 0.0f);
        transform.localScale = originalScale * distance;
    }
}
2

Why not just make it a child of the camera? Then you can set transform.localPosition to (0,0,distance), and you never have to futz with its rotation at all.