Riverbridge Partners LLC Has $22.80 Million Position in Transcat, Inc. $TRNS

Riverbridge Partners LLC cut its stake in shares of Transcat, Inc. (NASDAQ:TRNS) by 8.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 310,476 shares of the scientific and technical instruments company’s stock after selling 27,029 shares during the period. Riverbridge Partners LLC owned about 3.33% of Transcat worth $22,804,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Transcat by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 530,771 shares of the scientific and technical instruments company’s stock valued at $38,852,000 after buying an additional 2,041 shares during the period. Royce & Associates LP increased its stake in shares of Transcat by 15.3% in the fourth quarter. Royce & Associates LP now owns 390,546 shares of the scientific and technical instruments company’s stock worth $22,156,000 after acquiring an additional 51,774 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Transcat by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 252,767 shares of the scientific and technical instruments company’s stock worth $14,340,000 after acquiring an additional 12,935 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Transcat by 677.7% during the fourth quarter. Wellington Management Group LLP now owns 248,539 shares of the scientific and technical instruments company’s stock worth $14,100,000 after acquiring an additional 216,579 shares in the last quarter. Finally, Bamco Inc. NY boosted its position in Transcat by 6.2% during the fourth quarter. Bamco Inc. NY now owns 203,477 shares of the scientific and technical instruments company’s stock valued at $11,543,000 after purchasing an additional 11,911 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Transcat Stock Down 3.5%

TRNS stock opened at $89.46 on Wednesday. The firm has a market cap of $835.56 million, a PE ratio of 154.24 and a beta of 0.71. Transcat, Inc. has a 1 year low of $50.23 and a 1 year high of $94.76. The company has a fifty day simple moving average of $81.68 and a 200 day simple moving average of $72.77. The company has a current ratio of 2.33, a quick ratio of 1.99 and a debt-to-equity ratio of 0.33.

Transcat (NASDAQ:TRNS) last posted its earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.51 by $0.05. Transcat had a net margin of 1.62% and a return on equity of 5.84%. The firm had revenue of $89.33 million for the quarter, compared to the consensus estimate of $89.79 million. Sell-side analysts anticipate that Transcat, Inc. will post 1.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wall Street Zen downgraded Transcat from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings upgraded Transcat from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Finally, Zacks Research raised Transcat from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. One equities 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 given a Sell rating to the company. According to data from MarketBeat.com, Transcat presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

Transcat 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.