Transcat, Inc. (NASDAQ:TRNS – Get Free Report) CEO Jaime Irick acquired 2,275 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were bought at an average cost of $101.26 per share, with a total value of $230,366.50. Following the completion of the purchase, the chief executive officer owned 2,275 shares of the company’s stock, valued at $230,366.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Transcat Trading Up 1.1%
NASDAQ TRNS opened at $101.51 on Friday. The stock has a 50-day simple moving average of $86.94 and a 200 day simple moving average of $82.43. The company has a market capitalization of $954.70 million, a PE ratio of 211.48 and a beta of 0.61. The company has a current ratio of 2.57, a quick ratio of 2.11 and a debt-to-equity ratio of 0.38. Transcat, Inc. has a 12 month low of $50.23 and a 12 month high of $110.47.
Transcat (NASDAQ:TRNS – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The scientific and technical instruments company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.19. The firm had revenue of $97.09 million for the quarter, compared to analysts’ expectations of $92.46 million. Transcat had a return on equity of 6.14% and a net margin of 1.26%. Research analysts forecast that Transcat, Inc. will post 2.06 EPS for the current year.
Institutional Trading of Transcat
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its stake in shares of Transcat by 41.8% in the third quarter. Russell Investments Group Ltd. now owns 24,929 shares of the scientific and technical instruments company’s stock valued at $2,204,000 after acquiring an additional 7,348 shares in the last quarter. R Squared Ltd acquired a new stake in Transcat in the 3rd quarter worth about $274,000. Riverbridge Partners LLC boosted its holdings in Transcat by 8.4% in the 3rd quarter. Riverbridge Partners LLC now owns 219,452 shares of the scientific and technical instruments company’s stock valued at $19,404,000 after purchasing an additional 17,063 shares during the period. Summit Creek Advisors LLC boosted its holdings in Transcat by 23.8% in the 3rd quarter. Summit Creek Advisors LLC now owns 58,135 shares of the scientific and technical instruments company’s stock valued at $5,140,000 after purchasing an additional 11,165 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Transcat in the 3rd quarter valued at about $221,000. Institutional investors and hedge funds own 98.34% of the company’s stock.
Analyst Ratings Changes
Several research analysts recently weighed in on TRNS shares. Northland Securities raised shares of Transcat from a “market perform” rating to an “outperform” rating and set a $95.00 price objective on the stock in a research note on Wednesday, October 21st. CJS Securities initiated coverage on shares of Transcat in a research note on Tuesday, October 27th. They issued an “outperform” rating and a $115.00 target price for the company. Zacks Research upgraded shares of Transcat from a “hold” rating to a “strong-buy” rating in a report on Thursday. Oppenheimer upgraded shares of Transcat from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Wednesday. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Transcat in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.33.
Read Our Latest Analysis on Transcat
Key Stories Impacting Transcat
Here are the key news stories impacting Transcat this week:
- Positive Sentiment: Zacks upgraded Transcat to Rank #1 (Strong Buy), citing improving earnings prospects, and included TRNS on its Strong Buy momentum-stock list. Zacks Strong Buy upgrade
- Positive Sentiment: Northland Securities raised its EPS forecasts across 2027–2031, including lifting its FY2027 estimate to $2.00 from $1.71 and its FY2031 estimate to $3.69 from $3.53. The revisions suggest stronger expected earnings growth. Northland estimate revisions
- Positive Sentiment: Oppenheimer raised its rating on Transcat to Outperform, adding to the favorable analyst sentiment. Oppenheimer rating upgrade
- Positive Sentiment: Recent coverage linked TRNS reaching a 52-week high to an earnings beat and improved outlook. The supplied background also reports quarterly EPS of $0.64 versus a $0.45 consensus estimate, with revenue above forecasts. Transcat 52-week high following earnings beat
- Neutral Sentiment: Northland maintained an Outperform rating but set a $95 price target, below the $101.32 share price cited in the background; this may temper the impact of its higher earnings forecasts. Northland rating and target
About Transcat
Transcat, Inc (NASDAQ: TRNS) provides calibration, compliance, and measurement services for organizations that rely on accurate test and measurement equipment. The company supports customers in regulated industries, including life sciences, aerospace and defense, energy, manufacturing, and other industrial markets.
Its service offerings include laboratory and onsite calibration, repair, validation, and asset-management services. Transcat calibrates a broad range of equipment used to measure temperature, pressure, electrical and electronic properties, radio frequency signals, dimensional characteristics, and other technical parameters.
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