Shares of Transcat, Inc. (NASDAQ:TRNS – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $67.86, but opened at $71.76. Transcat shares last traded at $72.88, with a volume of 8,727 shares changing hands.
Analyst Ratings Changes
A number of research analysts have recently commented on the stock. Weiss Ratings restated 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.
Transcat Stock Up 2.6%
Institutional Trading of Transcat
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG lifted its holdings in Transcat by 4.6% in the fourth quarter. Deutsche Bank AG now owns 7,053 shares of the scientific and technical instruments company’s stock worth $400,000 after buying an additional 312 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Transcat by 6.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,462 shares of the scientific and technical instruments company’s stock worth $407,000 after buying an additional 325 shares during the period. Swiss National Bank lifted its holdings in Transcat by 2.2% in the fourth quarter. Swiss National Bank now owns 18,315 shares of the scientific and technical instruments company’s stock worth $1,039,000 after buying an additional 400 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Transcat by 8.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,265 shares of the scientific and technical instruments company’s stock worth $299,000 after buying an additional 432 shares during the period. Finally, Diversified Trust Co lifted its holdings in Transcat by 8.8% in the first quarter. Diversified Trust Co now owns 5,495 shares of the scientific and technical instruments company’s stock worth $404,000 after buying an additional 444 shares during the period. 98.34% of the stock is currently owned by hedge funds and other institutional investors.
Transcat Company 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.
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