Transcat, Inc. (NASDAQ:TRNS) CEO Lee D. Rudow Sells 2,373 Shares

Transcat, Inc. (NASDAQ:TRNSGet Free Report) CEO Lee D. Rudow sold 2,373 shares of the firm’s stock in a transaction that occurred on Saturday, March 30th. The shares were sold at an average price of $111.43, for a total value of $264,423.39. Following the transaction, the chief executive officer now directly owns 103,688 shares of the company’s stock, valued at approximately $11,553,953.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Transcat Stock Performance

TRNS stock opened at $108.99 on Wednesday. The company has a market cap of $962.38 million, a P/E ratio of 83.84 and a beta of 0.59. Transcat, Inc. has a 1 year low of $74.89 and a 1 year high of $115.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.37 and a quick ratio of 2.81. The stock’s fifty day moving average price is $108.13 and its 200-day moving average price is $101.28.

Transcat (NASDAQ:TRNSGet Free Report) last released its quarterly earnings results on Monday, January 29th. The scientific and technical instruments company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The firm had revenue of $65.17 million for the quarter, compared to the consensus estimate of $63.36 million. Transcat had a return on equity of 9.32% and a net margin of 4.16%. On average, equities analysts forecast that Transcat, Inc. will post 1.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

TRNS has been the topic of several recent analyst reports. TheStreet upgraded Transcat from a “c+” rating to a “b” rating in a research note on Wednesday, January 31st. HC Wainwright increased their target price on Transcat from $108.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st.

Check Out Our Latest Report on TRNS

Hedge Funds Weigh In On Transcat

A number of institutional investors and hedge funds have recently modified their holdings of the company. Diversified Trust Co boosted its stake in shares of Transcat by 4.3% in the 4th quarter. Diversified Trust Co now owns 2,435 shares of the scientific and technical instruments company’s stock worth $266,000 after buying an additional 100 shares during the last quarter. White Pine Capital LLC lifted its position in Transcat by 1.5% during the third quarter. White Pine Capital LLC now owns 9,985 shares of the scientific and technical instruments company’s stock valued at $978,000 after purchasing an additional 144 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Transcat by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 2,795 shares of the scientific and technical instruments company’s stock valued at $238,000 after purchasing an additional 148 shares in the last quarter. FMR LLC lifted its position in Transcat by 3.8% during the first quarter. FMR LLC now owns 4,605 shares of the scientific and technical instruments company’s stock valued at $412,000 after purchasing an additional 167 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its position in Transcat by 4.2% during the third quarter. Commonwealth Equity Services LLC now owns 4,377 shares of the scientific and technical instruments company’s stock valued at $429,000 after purchasing an additional 175 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Transcat Company Profile

(Get Free Report)

Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments: Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.

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Insider Buying and Selling by Quarter for Transcat (NASDAQ:TRNS)

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