Transcat, Inc. (NASDAQ:TRNS) Receives $105.33 Average PT from Brokerages

Transcat, Inc. (NASDAQ:TRNS) has been given a consensus rating of “Moderate Buy” by the seven research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $105.3333.

Several research firms recently issued reports on TRNS. Zacks Research raised Transcat from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Transcat in a research report on Monday, December 29th. Northland Capmk raised Transcat from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Finally, Northland Securities set a $95.00 target price on shares of Transcat in a research note on Thursday, October 23rd.

Transcat Stock Performance

Transcat stock opened at $60.21 on Thursday. Transcat has a 1-year low of $50.23 and a 1-year high of $107.46. The company has a current ratio of 2.43, a quick ratio of 2.06 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $561.76 million, a PE ratio of 49.35 and a beta of 0.78. The firm’s 50 day simple moving average is $57.60 and its 200 day simple moving average is $71.57.

Transcat (NASDAQ:TRNS) last released its quarterly earnings results on Monday, November 3rd. The scientific and technical instruments company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The firm had revenue of $82.27 million for the quarter, compared to analysts’ expectations of $79.51 million. Transcat had a net margin of 3.75% and a return on equity of 6.81%. As a group, analysts expect that Transcat will post 2.3 earnings per share for the current fiscal year.

Institutional Trading of Transcat

Several institutional investors and hedge funds have recently made changes to their positions in TRNS. Riverbridge Partners LLC boosted its stake in Transcat by 94.3% in the second quarter. Riverbridge Partners LLC now owns 440,747 shares of the scientific and technical instruments company’s stock worth $37,887,000 after buying an additional 213,927 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of Transcat by 13.7% during the second quarter. Conestoga Capital Advisors LLC now owns 1,088,471 shares of the scientific and technical instruments company’s stock worth $93,565,000 after acquiring an additional 131,217 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Transcat by 35.8% in the 2nd quarter. Bessemer Group Inc. now owns 244,491 shares of the scientific and technical instruments company’s stock worth $21,016,000 after acquiring an additional 64,422 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Transcat by 627.4% in the 2nd quarter. Sei Investments Co. now owns 47,203 shares of the scientific and technical instruments company’s stock valued at $4,058,000 after purchasing an additional 40,714 shares in the last quarter. Finally, 4D Advisors LLC bought a new position in shares of Transcat during the 2nd quarter valued at $3,009,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

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.