Royce & Associates LP Has $22.16 Million Position in Transcat, Inc. $TRNS

Royce & Associates LP lifted its holdings in Transcat, Inc. (NASDAQ:TRNS) by 15.3% in the 4th quarter, Holdings Channel reports. The firm owned 390,546 shares of the scientific and technical instruments company’s stock after buying an additional 51,774 shares during the quarter. Royce & Associates LP’s holdings in Transcat were worth $22,156,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Transcat by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 530,771 shares of the scientific and technical instruments company’s stock valued at $38,852,000 after purchasing an additional 2,041 shares during the last quarter. Bamco Inc. NY lifted its stake in shares of Transcat by 14.2% in the 3rd 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 last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Transcat in the 4th quarter valued at $7,259,000. Ameriprise Financial Inc. lifted its stake in shares of Transcat by 30.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 116,032 shares of the scientific and technical instruments company’s stock valued at $9,974,000 after purchasing an additional 27,372 shares during the last quarter. Finally, Comerica Bank lifted its stake in shares of Transcat by 2.0% in the 4th quarter. Comerica Bank now owns 86,778 shares of the scientific and technical instruments company’s stock valued at $4,923,000 after purchasing an additional 1,680 shares during the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

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

Transcat Stock Up 4.7%

Transcat stock opened at $76.45 on Wednesday. The firm has a market cap of $713.28 million, a price-to-earnings ratio of 89.94 and a beta of 0.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.21 and a quick ratio of 1.85. Transcat, Inc. has a fifty-two week low of $50.23 and a fifty-two week high of $93.76. The firm has a fifty day moving average price of $75.75 and a two-hundred day moving average price of $67.95.

Transcat (NASDAQ:TRNS) last released its earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.05. The firm had revenue of $89.33 million during the quarter, compared to analyst estimates of $89.79 million. Transcat had a net margin of 2.47% and a return on equity of 6.15%. As a group, analysts forecast that Transcat, Inc. will post 1.83 earnings per share for the current year.

Transcat Profile

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.