Transcat (NASDAQ:TRNS) Stock Price Up 4.5%

Transcat, Inc. (NASDAQ:TRNS)’s stock price rose 4.5% on Tuesday . The company traded as high as $136.63 and last traded at $136.63. Approximately 1,312 shares were traded during trading, a decline of 97% from the average daily volume of 39,892 shares. The stock had previously closed at $130.80.

Analysts Set New Price Targets

A number of research firms have recently commented on TRNS. Northland Capmk lowered shares of Transcat from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 22nd. Northland Securities downgraded shares of Transcat from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 22nd. HC Wainwright raised their target price on shares of Transcat from $124.00 to $156.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Finally, Oppenheimer raised their target price on shares of Transcat from $125.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $142.67.

Transcat Stock Up 8.6 %

The stock’s 50-day moving average price is $124.12 and its two-hundred day moving average price is $113.03. The stock has a market capitalization of $1.30 billion, a PE ratio of 82.26 and a beta of 0.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.62 and a current ratio of 3.14.

Transcat (NASDAQ:TRNS) last announced its quarterly earnings results on Monday, May 20th. The scientific and technical instruments company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.25. The company had revenue of $70.91 million for the quarter, compared to analysts’ expectations of $68.76 million. Transcat had a net margin of 5.26% and a return on equity of 9.50%. As a group, analysts expect that Transcat, Inc. will post 1.99 EPS for the current fiscal year.

Insider Buying and Selling at Transcat

In other Transcat news, insider James M. Jenkins sold 5,514 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $137.18, for a total transaction of $756,410.52. Following the transaction, the insider now owns 1,619 shares in the company, valued at approximately $222,094.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Transcat news, CEO Lee D. Rudow sold 3,343 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $124.12, for a total transaction of $414,933.16. Following the transaction, the chief executive officer now owns 103,692 shares in the company, valued at approximately $12,870,251.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider James M. Jenkins sold 5,514 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $137.18, for a total transaction of $756,410.52. Following the transaction, the insider now owns 1,619 shares in the company, valued at approximately $222,094.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,215 shares of company stock worth $2,969,084. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Transcat

Several institutional investors have recently made changes to their positions in TRNS. Comerica Bank bought a new position in shares of Transcat in the 3rd quarter worth approximately $5,221,000. Vanguard Group Inc. increased its holdings in Transcat by 13.3% in the 3rd quarter. Vanguard Group Inc. now owns 425,378 shares of the scientific and technical instruments company’s stock worth $41,674,000 after acquiring an additional 49,828 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Transcat in the 3rd quarter worth approximately $2,155,000. Diversified Trust Co grew its holdings in Transcat by 4.3% during the 4th quarter. Diversified Trust Co now owns 2,435 shares of the scientific and technical instruments company’s stock valued at $266,000 after buying an additional 100 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Transcat by 6.5% during the 4th quarter. Raymond James & Associates now owns 6,384 shares of the scientific and technical instruments company’s stock valued at $698,000 after buying an additional 387 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

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.