Annex Advisory Services LLC Buys 7,893 Shares of Transcat, Inc. (NASDAQ:TRNS)

Annex Advisory Services LLC increased its stake in shares of Transcat, Inc. (NASDAQ:TRNS) by 47.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,461 shares of the scientific and technical instruments company’s stock after acquiring an additional 7,893 shares during the period. Annex Advisory Services LLC owned about 0.27% of Transcat worth $2,587,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Moody National Bank Trust Division increased its position in Transcat by 76.9% during the fourth quarter. Moody National Bank Trust Division now owns 10,235 shares of the scientific and technical instruments company’s stock worth $1,082,000 after buying an additional 4,450 shares during the last quarter. Diversified Trust Co increased its holdings in shares of Transcat by 53.6% during the 4th quarter. Diversified Trust Co now owns 6,120 shares of the scientific and technical instruments company’s stock worth $647,000 after acquiring an additional 2,135 shares during the last quarter. Principal Financial Group Inc. raised its stake in Transcat by 8.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,611 shares of the scientific and technical instruments company’s stock valued at $557,000 after acquiring an additional 373 shares during the period. Virtu Financial LLC raised its stake in Transcat by 127.0% in the 3rd quarter. Virtu Financial LLC now owns 4,136 shares of the scientific and technical instruments company’s stock valued at $499,000 after acquiring an additional 2,314 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Transcat by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 217,473 shares of the scientific and technical instruments company’s stock valued at $26,269,000 after purchasing an additional 11,106 shares during the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Transcat Trading Down 2.6 %

TRNS opened at $100.34 on Monday. The company has a fifty day moving average price of $105.91 and a two-hundred day moving average price of $116.26. Transcat, Inc. has a 1-year low of $94.29 and a 1-year high of $147.12. The company has a market cap of $923.13 million, a P/E ratio of 50.68 and a beta of 0.71.

Transcat (NASDAQ:TRNS) last issued its earnings results on Monday, October 28th. The scientific and technical instruments company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). The firm had revenue of $67.83 million during the quarter, compared to the consensus estimate of $70.30 million. Transcat had a net margin of 6.63% and a return on equity of 7.36%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, research analysts forecast that Transcat, Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TRNS. Craig Hallum boosted their price objective on Transcat from $113.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. HC Wainwright restated a “buy” rating and issued a $156.00 target price on shares of Transcat in a research report on Tuesday, October 29th. Oppenheimer reiterated an “outperform” rating and issued a $130.00 target price (down previously from $155.00) on shares of Transcat in a research report on Wednesday, October 30th. Northland Securities lowered their price target on shares of Transcat from $130.00 to $110.00 and set a “market perform” rating for the company in a report on Wednesday, October 30th. Finally, StockNews.com lowered shares of Transcat from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $130.25.

Transcat 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.