Rhumbline Advisers Boosts Stock Position in Transcat, Inc. $TRNS

Rhumbline Advisers grew its stake in shares of Transcat, Inc. (NASDAQ:TRNS) by 6.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,110 shares of the scientific and technical instruments company’s stock after acquiring an additional 762 shares during the period. Rhumbline Advisers owned 0.14% of Transcat worth $976,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Transcat by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,137 shares of the scientific and technical instruments company’s stock worth $543,000 after buying an additional 194 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Transcat by 10,137.5% in 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 in the last quarter. Deutsche Bank AG raised its position in shares of Transcat by 49.9% in the fourth quarter. Deutsche Bank AG now owns 7,833 shares of the scientific and technical instruments company’s stock worth $828,000 after buying an additional 2,608 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Transcat by 24.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,029 shares of the scientific and technical instruments company’s stock worth $1,801,000 after buying an additional 3,307 shares in the last quarter. Finally, Premier Fund Managers Ltd raised its position in shares of Transcat by 52.2% in the first quarter. Premier Fund Managers Ltd now owns 6,908 shares of the scientific and technical instruments company’s stock worth $507,000 after buying an additional 2,368 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Analyst Ratings Changes

TRNS has been the topic of a number of recent analyst reports. Lake Street Capital initiated 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. HC Wainwright reiterated a “buy” rating and issued a $116.00 price objective on shares of Transcat in a research report on Friday, August 22nd. Finally, Wall Street Zen upgraded Transcat from a “sell” rating to a “hold” rating in a research report on Wednesday, May 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Transcat has a consensus rating of “Moderate Buy” and a consensus target price of $112.20.

Transcat Price Performance

TRNS stock opened at $75.45 on Friday. The firm has a 50 day moving average price of $80.58 and a 200-day moving average price of $80.48. Transcat, Inc. has a 52-week low of $67.56 and a 52-week high of $133.72. The firm has a market capitalization of $703.19 million, a price-to-earnings ratio of 52.76 and a beta of 0.72. 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 (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 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 firm had revenue of $76.42 million during the quarter, compared to analyst estimates of $72.28 million. Equities research analysts forecast that Transcat, Inc. will post 2.3 EPS for the current fiscal year.

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.