Granahan Investment Management LLC lowered its position in Transcat, Inc. (NASDAQ:TRNS – Free Report) by 16.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 191,580 shares of the scientific and technical instruments company’s stock after selling 36,985 shares during the quarter. Granahan Investment Management LLC’s holdings in Transcat were worth $10,868,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC increased its stake in shares of Transcat by 112.6% in the fourth quarter. SG Americas Securities LLC now owns 27,732 shares of the scientific and technical instruments company’s stock valued at $1,573,000 after purchasing an additional 14,688 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Transcat by 259.1% in the third quarter. JPMorgan Chase & Co. now owns 30,719 shares of the scientific and technical instruments company’s stock valued at $2,249,000 after purchasing an additional 22,164 shares during the period. Roubaix Capital LLC acquired a new stake in shares of Transcat in the third quarter valued at approximately $2,309,000. Bamco Inc. NY increased its stake in shares of Transcat by 14.2% in the third quarter. Bamco Inc. NY now owns 191,566 shares of the scientific and technical instruments company’s stock valued at $14,023,000 after purchasing an additional 23,853 shares during the period. Finally, King Luther Capital Management Corp increased its stake in shares of Transcat by 212.8% in the third quarter. King Luther Capital Management Corp now owns 36,750 shares of the scientific and technical instruments company’s stock valued at $2,690,000 after purchasing an additional 25,000 shares during the period. Institutional investors and hedge funds own 98.34% of the company’s stock.
Transcat Trading Down 1.1%
Transcat stock opened at $90.63 on Wednesday. The firm has a 50 day simple moving average of $80.33 and a 200-day simple moving average of $71.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.33 and a quick ratio of 1.99. The stock has a market capitalization of $846.57 million, a PE ratio of 156.26 and a beta of 0.71. Transcat, Inc. has a 12-month low of $50.23 and a 12-month high of $94.76.
Analyst Ratings Changes
Several brokerages have commented on TRNS. Zacks Research upgraded shares of Transcat from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Transcat from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.33.
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.
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