Transcat, Inc. $TRNS Holdings Boosted by Royce & Associates LP

Royce & Associates LP boosted its position in shares of Transcat, Inc. (NASDAQ:TRNS) by 15.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 390,546 shares of the scientific and technical instruments company’s stock after purchasing an additional 51,774 shares during the period. Royce & Associates LP owned 4.19% of Transcat worth $22,156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in Transcat during the 2nd quarter worth approximately $54,000. Tower Research Capital LLC TRC grew its position in Transcat by 245.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the scientific and technical instruments company’s stock worth $97,000 after purchasing an additional 798 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Transcat by 42.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,530 shares of the scientific and technical instruments company’s stock worth $112,000 after purchasing an additional 458 shares in the last quarter. Jones Financial Companies Lllp grew its position in Transcat by 79.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,634 shares of the scientific and technical instruments company’s stock worth $120,000 after purchasing an additional 722 shares in the last quarter. Finally, AlphaQuest LLC grew its position in Transcat by 12,915.4% during the 3rd quarter. AlphaQuest LLC now owns 1,692 shares of the scientific and technical instruments company’s stock worth $124,000 after purchasing an additional 1,679 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRNS has been the topic of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Transcat in a research report on Monday, May 4th. Zacks Research upgraded shares of Transcat from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.33.

Transcat Trading Up 4.7%

Shares of NASDAQ:TRNS opened at $76.45 on Wednesday. The firm has a fifty day moving average of $75.75 and a two-hundred day moving average of $67.95. The firm has a market capitalization of $713.28 million, a P/E ratio of 89.94 and a beta of 0.68. Transcat, Inc. has a 12-month low of $50.23 and a 12-month high of $93.76. The company has a quick ratio of 1.85, a current ratio of 2.21 and a debt-to-equity ratio of 0.34.

Transcat (NASDAQ:TRNS) last issued its earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The company had revenue of $89.33 million during the quarter, compared to analyst estimates of $89.79 million. Transcat had a net margin of 2.47% and a return on equity of 6.15%. On average, equities analysts expect that Transcat, Inc. will post 1.83 EPS for the current fiscal year.

About Transcat

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.