US Bancorp DE Has $132,000 Holdings in Transcat, Inc. (NASDAQ:TRNS)

US Bancorp DE lifted its stake in Transcat, Inc. (NASDAQ:TRNS) by 14.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,770 shares of the scientific and technical instruments company’s stock after buying an additional 226 shares during the period. US Bancorp DE’s holdings in Transcat were worth $132,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TRNS. Centiva Capital LP increased its holdings in Transcat by 6.0% during the 4th quarter. Centiva Capital LP now owns 3,009 shares of the scientific and technical instruments company’s stock valued at $318,000 after purchasing an additional 171 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Transcat by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 27,916 shares of the scientific and technical instruments company’s stock valued at $2,078,000 after purchasing an additional 172 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Transcat by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,137 shares of the scientific and technical instruments company’s stock valued at $543,000 after purchasing an additional 194 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Transcat by 3.4% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 6,353 shares of the scientific and technical instruments company’s stock valued at $473,000 after purchasing an additional 210 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in Transcat by 6.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 5,071 shares of the scientific and technical instruments company’s stock valued at $378,000 after purchasing an additional 328 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TRNS. HC Wainwright reiterated a “buy” rating and issued a $116.00 price objective on shares of Transcat in a research report on Wednesday, June 25th. Wall Street Zen upgraded Transcat from a “sell” rating to a “hold” rating in a research report on Wednesday, May 28th. Finally, Lake Street Capital started coverage on Transcat in a research report on Thursday, July 10th. They issued a “buy” rating and a $105.00 price objective on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $112.20.

Transcat Stock Performance

TRNS opened at $81.54 on Friday. The business’s 50-day moving average price is $81.95 and its two-hundred day moving average price is $80.41. Transcat, Inc. has a 1 year low of $67.56 and a 1 year high of $133.72. The company has a market capitalization of $759.95 million, a price-to-earnings ratio of 57.02 and a beta of 0.71. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 2.36.

Transcat (NASDAQ:TRNS) last released its earnings results on Wednesday, August 6th. The scientific and technical instruments company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.19. The business had revenue of $76.42 million for the quarter, compared to the consensus estimate of $72.28 million. Transcat had a return on equity of 6.66% and a net margin of 4.64%. Equities analysts expect that Transcat, Inc. will post 2.3 EPS for the current fiscal year.

Transcat Company Profile

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.