Principal Financial Group Inc. Has $557,000 Stock Holdings in Transcat, Inc. (NASDAQ:TRNS)

Principal Financial Group Inc. grew its position in shares of Transcat, Inc. (NASDAQ:TRNS) by 8.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,611 shares of the scientific and technical instruments company’s stock after buying an additional 373 shares during the quarter. Principal Financial Group Inc. owned approximately 0.05% of Transcat worth $557,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TRNS. Quadrature Capital Ltd bought a new stake in Transcat during the first quarter worth about $619,000. Price T Rowe Associates Inc. MD grew its stake in shares of Transcat by 13.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,347 shares of the scientific and technical instruments company’s stock valued at $262,000 after purchasing an additional 284 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Transcat by 14.3% during the first quarter. Public Employees Retirement System of Ohio now owns 32,275 shares of the scientific and technical instruments company’s stock valued at $3,596,000 after purchasing an additional 4,048 shares during the last quarter. Silvercrest Asset Management Group LLC grew its stake in shares of Transcat by 4.6% during the first quarter. Silvercrest Asset Management Group LLC now owns 58,381 shares of the scientific and technical instruments company’s stock valued at $6,505,000 after purchasing an additional 2,542 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Transcat by 208.3% during the first quarter. Janus Henderson Group PLC now owns 10,297 shares of the scientific and technical instruments company’s stock valued at $1,147,000 after purchasing an additional 6,957 shares during the last quarter. 98.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TRNS has been the topic of several research analyst reports. StockNews.com cut shares of Transcat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Craig Hallum decreased their price target on shares of Transcat from $138.00 to $113.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Oppenheimer reissued an “outperform” rating and set a $130.00 price target (down from $155.00) on shares of Transcat in a research note on Wednesday, October 30th. HC Wainwright reissued a “buy” rating and set a $156.00 price target on shares of Transcat in a research note on Tuesday, October 29th. Finally, Northland Securities reduced their price objective on shares of Transcat from $130.00 to $110.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $127.25.

Transcat Price Performance

Shares of TRNS opened at $109.02 on Monday. The company has a market cap of $1.00 billion, a PE ratio of 55.06 and a beta of 0.69. The firm has a 50-day moving average of $116.61 and a 200-day moving average of $121.55. Transcat, Inc. has a one year low of $94.29 and a one year high of $147.12.

Transcat (NASDAQ:TRNS) last issued its quarterly earnings data on Monday, October 28th. The scientific and technical instruments company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12). The business had revenue of $67.83 million during the quarter, compared to analyst estimates of $70.30 million. Transcat had a return on equity of 7.36% and a net margin of 6.63%. Transcat’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 EPS. Analysts expect that Transcat, Inc. will post 1.76 earnings per share for the current year.

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.