Transcat, Inc. $TRNS Shares Sold by Annex Advisory Services LLC

Annex Advisory Services LLC lessened its stake in shares of Transcat, Inc. (NASDAQ:TRNS) by 41.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,193 shares of the scientific and technical instruments company’s stock after selling 11,956 shares during the period. Annex Advisory Services LLC owned 0.18% of Transcat worth $975,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TRNS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Transcat by 6.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,462 shares of the scientific and technical instruments company’s stock worth $407,000 after purchasing an additional 325 shares during the last quarter. Jane Street Group LLC purchased a new stake in Transcat during the 1st quarter valued at about $1,674,000. JPMorgan Chase & Co. grew its stake in Transcat by 88.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 8,555 shares of the scientific and technical instruments company’s stock valued at $735,000 after acquiring an additional 4,012 shares in the last quarter. Legal & General Group Plc grew its stake in Transcat by 6.1% during the 2nd quarter. Legal & General Group Plc now owns 9,551 shares of the scientific and technical instruments company’s stock valued at $821,000 after acquiring an additional 548 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Transcat by 23.3% during the 2nd quarter. Rhumbline Advisers now owns 16,171 shares of the scientific and technical instruments company’s stock valued at $1,390,000 after acquiring an additional 3,061 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Transcat Stock Performance

Transcat stock opened at $78.39 on Thursday. The firm has a 50 day simple moving average of $75.85 and a 200-day simple moving average of $67.14. Transcat, Inc. has a 1-year low of $50.23 and a 1-year high of $97.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.21 and a quick ratio of 1.85. The stock has a market cap of $731.38 million, a price-to-earnings ratio of 92.22 and a beta of 0.71.

Transcat (NASDAQ:TRNS) last posted its quarterly earnings data on Tuesday, February 3rd. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). The company had revenue of $83.86 million for the quarter, compared to analysts’ expectations of $80.99 million. Transcat had a return on equity of 6.15% and a net margin of 2.47%. On average, analysts expect that Transcat, Inc. will post 2.3 EPS for the current year.

Analyst Ratings Changes

TRNS has been the subject of several research reports. Zacks Research cut shares of Transcat from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Transcat in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $105.33.

Transcat Company Profile

Transcat, Inc (NASDAQ: TRNS) is a leading provider of calibration, laboratory, and metrology services in North America. Founded in 1964 and headquartered in Ronkonkoma, New York, the company specializes in ensuring the accuracy and compliance of measurement instruments across a wide range of industries. Transcat operates a network of ISO/IEC 17025–accredited laboratories and offers on-site field calibration, instrument repair, and preventive maintenance services.

In addition to its calibration services, Transcat distributes precision instrumentation and related software solutions from top manufacturers.