Transcat, Inc. (NASDAQ:TRNS) Receives Average Rating of “Hold” from Brokerages

Transcat, Inc. (NASDAQ:TRNS) has been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $111.50.

TRNS has been the subject of several recent analyst reports. StockNews.com lowered Transcat from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th. Oppenheimer cut Transcat from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. HC Wainwright reduced their target price on Transcat from $126.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, January 29th. Craig Hallum lifted their price target on shares of Transcat from $113.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Northland Securities restated a “market perform” rating and set a $85.00 price objective (down from $110.00) on shares of Transcat in a research report on Wednesday, January 29th.

Transcat Price Performance

NASDAQ:TRNS opened at $71.05 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.42 and a quick ratio of 1.98. The company has a 50 day moving average price of $81.59 and a 200-day moving average price of $101.74. Transcat has a 1-year low of $67.56 and a 1-year high of $147.12. The firm has a market cap of $661.40 million, a price-to-earnings ratio of 38.41 and a beta of 0.66.

Transcat (NASDAQ:TRNS) last released its quarterly earnings results on Monday, January 27th. The scientific and technical instruments company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. Transcat had a net margin of 6.22% and a return on equity of 7.23%. During the same quarter last year, the firm earned $0.56 EPS. Equities research analysts forecast that Transcat will post 2.3 EPS for the current year.

Insider Transactions at Transcat

In other news, Director Craig D. Cairns acquired 1,200 shares of Transcat stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $77.02 per share, with a total value of $92,424.00. Following the purchase, the director now owns 1,910 shares in the company, valued at $147,108.20. This trade represents a 169.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Transcat

A number of large investors have recently modified their holdings of TRNS. Centiva Capital LP lifted its stake in shares of Transcat by 6.0% in the fourth quarter. Centiva Capital LP now owns 3,009 shares of the scientific and technical instruments company’s stock worth $318,000 after buying an additional 171 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Transcat by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,137 shares of the scientific and technical instruments company’s stock valued at $543,000 after acquiring an additional 194 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Transcat by 686.7% in the 4th quarter. Jones Financial Companies Lllp now owns 354 shares of the scientific and technical instruments company’s stock valued at $37,000 after acquiring an additional 309 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Transcat by 8.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,611 shares of the scientific and technical instruments company’s stock worth $557,000 after purchasing an additional 373 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Transcat by 1.4% during the 4th quarter. Victory Capital Management Inc. now owns 34,710 shares of the scientific and technical instruments company’s stock worth $3,670,000 after purchasing an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company’s stock.

About Transcat

Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments: Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.