BNP Paribas Financial Markets Trims Stock Holdings in Transcat, Inc. (NASDAQ:TRNS)

BNP Paribas Financial Markets lowered its holdings in Transcat, Inc. (NASDAQ:TRNS) by 68.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,078 shares of the scientific and technical instruments company’s stock after selling 15,583 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Transcat worth $748,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. raised its holdings in Transcat by 2.6% during the 4th quarter. Ameriprise Financial Inc. now owns 70,997 shares of the scientific and technical instruments company’s stock valued at $7,507,000 after acquiring an additional 1,804 shares during the period. Comerica Bank grew its position in shares of Transcat by 5.9% in the fourth quarter. Comerica Bank now owns 64,600 shares of the scientific and technical instruments company’s stock valued at $6,831,000 after purchasing an additional 3,594 shares in the last quarter. Northern Trust Corp raised its stake in shares of Transcat by 6.7% during the 4th quarter. Northern Trust Corp now owns 114,755 shares of the scientific and technical instruments company’s stock valued at $12,134,000 after purchasing an additional 7,171 shares during the period. Aquatic Capital Management LLC raised its stake in shares of Transcat by 1,052.0% during the 4th quarter. Aquatic Capital Management LLC now owns 1,152 shares of the scientific and technical instruments company’s stock valued at $122,000 after purchasing an additional 1,052 shares during the period. Finally, Nebula Research & Development LLC raised its stake in shares of Transcat by 31.6% during the 4th quarter. Nebula Research & Development LLC now owns 7,103 shares of the scientific and technical instruments company’s stock valued at $751,000 after purchasing an additional 1,707 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Transcat Stock Up 1.4%

TRNS stock opened at $91.63 on Friday. The company’s 50 day moving average is $79.06 and its 200 day moving average is $89.79. The stock has a market cap of $852.98 million, a price-to-earnings ratio of 49.53 and a beta of 0.69. The company has a current ratio of 2.42, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14. Transcat, Inc. has a 1-year low of $67.56 and a 1-year high of $147.12.

Transcat (NASDAQ:TRNS) last issued its quarterly earnings results on Monday, May 19th. The scientific and technical instruments company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). Transcat had a return on equity of 7.23% and a net margin of 6.22%. The company had revenue of $77.13 million during the quarter, compared to the consensus estimate of $76.40 million. Transcat’s revenue for the quarter was up 8.8% on a year-over-year basis. Sell-side analysts predict that Transcat, Inc. will post 2.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TRNS. Oppenheimer downgraded shares of Transcat from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Wall Street Zen upgraded shares of Transcat from a “sell” rating to a “hold” rating in a research note on Tuesday. HC Wainwright raised their price target on shares of Transcat from $106.00 to $116.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Northland Securities restated a “market perform” rating and set a $85.00 price target (down from $110.00) on shares of Transcat in a research report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Transcat has an average rating of “Hold” and an average target price of $114.00.

About Transcat

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.