Annex Advisory Services LLC Boosts Stock Position in Transcat, Inc. (NASDAQ:TRNS)

Annex Advisory Services LLC grew its position in shares of Transcat, Inc. (NASDAQ:TRNS) by 47.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,461 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,893 shares during the quarter. Annex Advisory Services LLC’s holdings in Transcat were worth $2,587,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Moody National Bank Trust Division boosted its stake in Transcat by 76.9% in the fourth quarter. Moody National Bank Trust Division now owns 10,235 shares of the scientific and technical instruments company’s stock worth $1,082,000 after buying an additional 4,450 shares in the last quarter. Diversified Trust Co lifted its holdings in shares of Transcat by 53.6% in the 4th quarter. Diversified Trust Co now owns 6,120 shares of the scientific and technical instruments company’s stock worth $647,000 after acquiring an additional 2,135 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of 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 valued at $557,000 after purchasing an additional 373 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Transcat by 127.0% during the 3rd quarter. Virtu Financial LLC now owns 4,136 shares of the scientific and technical instruments company’s stock valued at $499,000 after purchasing an additional 2,314 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Transcat by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 217,473 shares of the scientific and technical instruments company’s stock worth $26,269,000 after purchasing an additional 11,106 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

Transcat Stock Performance

Shares of NASDAQ:TRNS opened at $100.34 on Monday. The firm has a market capitalization of $923.13 million, a P/E ratio of 50.68 and a beta of 0.71. The stock has a 50 day moving average price of $105.91 and a 200-day moving average price of $116.26. Transcat, Inc. has a 52-week low of $94.29 and a 52-week high of $147.12.

Transcat (NASDAQ:TRNS) last posted its quarterly earnings data on Monday, October 28th. The scientific and technical instruments company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). Transcat had a return on equity of 7.36% and a net margin of 6.63%. The firm had revenue of $67.83 million during the quarter, compared to the consensus estimate of $70.30 million. During the same quarter last year, the company posted $0.41 EPS. Transcat’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts forecast that Transcat, Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

TRNS has been the topic of a number of recent research reports. Northland Securities reduced their price objective on Transcat from $130.00 to $110.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 30th. StockNews.com lowered Transcat from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. HC Wainwright reiterated a “buy” rating and issued a $156.00 price objective on shares of Transcat in a research report on Tuesday, October 29th. Craig Hallum raised their target price on shares of Transcat from $113.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $130.00 target price (down from $155.00) on shares of Transcat in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $130.25.

Transcat Company Profile

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.