Transcat, Inc. $TRNS Shares Acquired by King Luther Capital Management Corp

King Luther Capital Management Corp increased its stake in Transcat, Inc. (NASDAQ:TRNSFree Report) by 182.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 103,750 shares of the scientific and technical instruments company’s stock after buying an additional 67,000 shares during the period. King Luther Capital Management Corp’s holdings in Transcat were worth $5,886,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 valued at $407,000 after purchasing an additional 325 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of Transcat by 4.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 10,840 shares of the scientific and technical instruments company’s stock valued at $793,000 after purchasing an additional 453 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Transcat by 42.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,530 shares of the scientific and technical instruments company’s stock valued at $112,000 after purchasing an additional 458 shares during the period. Verition Fund Management LLC increased its holdings in shares of Transcat by 6.4% in the 3rd quarter. Verition Fund Management LLC now owns 8,982 shares of the scientific and technical instruments company’s stock valued at $657,000 after purchasing an additional 539 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Transcat by 6.1% in the 2nd quarter. Legal & General Group Plc now owns 9,551 shares of the scientific and technical instruments company’s stock valued at $821,000 after purchasing an additional 548 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Transcat Stock Down 1.7%

Transcat stock opened at $78.96 on Friday. The company has a market capitalization of $736.70 million, a P/E ratio of 136.14 and a beta of 0.68. The firm’s fifty day simple moving average is $75.99 and its 200-day simple moving average is $68.28. The company has a current ratio of 2.21, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. Transcat, Inc. has a 1-year low of $50.23 and a 1-year high of $91.45.

Transcat (NASDAQ:TRNSGet Free Report) last released its quarterly earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. The business had revenue of $89.33 million for the quarter, compared to the consensus estimate of $89.79 million. Transcat had a net margin of 1.62% and a return on equity of 5.87%. Sell-side analysts forecast that Transcat, Inc. will post 1.86 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TRNS. Weiss Ratings reiterated a “sell (d)” rating on shares of Transcat in a report on Monday, May 4th. Zacks Research upgraded Transcat from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Transcat currently has an average rating of “Moderate Buy” and a consensus price target of $105.33.

Get Our Latest Research Report on TRNS

Transcat Profile

(Free Report)

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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Institutional Ownership by Quarter for Transcat (NASDAQ:TRNS)

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