Charles Schwab Investment Management Inc. Lowers Stock Position in Transcat, Inc. $TRNS

Charles Schwab Investment Management Inc. lessened its stake in shares of Transcat, Inc. (NASDAQ:TRNS) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,296 shares of the scientific and technical instruments company’s stock after selling 404 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.81% of Transcat worth $5,606,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Aquatic Capital Management LLC boosted its stake in Transcat by 1,052.0% during the fourth quarter. Aquatic Capital Management LLC now owns 1,152 shares of the scientific and technical instruments company’s stock worth $122,000 after buying an additional 1,052 shares during the period. GAMMA Investing LLC boosted its stake in Transcat by 10,137.5% during the first quarter. GAMMA Investing LLC now owns 1,638 shares of the scientific and technical instruments company’s stock worth $122,000 after buying an additional 1,622 shares during the period. US Bancorp DE boosted its stake in Transcat by 14.6% during the first quarter. US Bancorp DE now owns 1,770 shares of the scientific and technical instruments company’s stock worth $132,000 after buying an additional 226 shares during the period. ProShare Advisors LLC boosted its stake in Transcat by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 2,542 shares of the scientific and technical instruments company’s stock worth $269,000 after buying an additional 837 shares during the period. Finally, Centiva Capital LP boosted its stake in Transcat by 6.0% during the fourth quarter. Centiva Capital LP now owns 3,009 shares of the scientific and technical instruments company’s stock worth $318,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Transcat Trading Up 2.3%

NASDAQ TRNS opened at $83.41 on Thursday. The firm has a 50 day simple moving average of $83.10 and a 200-day simple moving average of $80.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.36 and a current ratio of 2.92. Transcat, Inc. has a one year low of $67.56 and a one year high of $133.72. The firm has a market cap of $777.38 million, a price-to-earnings ratio of 58.33 and a beta of 0.71.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Lake Street Capital assumed coverage on shares of Transcat in a research note on Thursday, July 10th. They set a “buy” rating and a $105.00 target price for the company. HC Wainwright reaffirmed a “buy” rating and set a $116.00 target price on shares of Transcat in a research note on Friday, August 22nd. Finally, Wall Street Zen raised shares of Transcat from a “sell” rating to a “hold” rating in a research note on Wednesday, May 28th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $112.20.

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.