Transcat, Inc. (NASDAQ:TRNS) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its holdings in Transcat, Inc. (NASDAQ:TRNS) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,420 shares of the scientific and technical instruments company’s stock after acquiring an additional 1,231 shares during the period. Rhumbline Advisers owned 0.12% of Transcat worth $1,367,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in Transcat by 11.9% in the 2nd quarter. Principal Financial Group Inc. now owns 4,238 shares of the scientific and technical instruments company’s stock valued at $507,000 after acquiring an additional 450 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Transcat by 1.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 4,411 shares of the scientific and technical instruments company’s stock worth $528,000 after buying an additional 76 shares during the last quarter. Conestoga Capital Advisors LLC increased its holdings in shares of Transcat by 0.3% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 769,361 shares of the scientific and technical instruments company’s stock worth $92,077,000 after buying an additional 2,155 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Transcat by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 33,181 shares of the scientific and technical instruments company’s stock worth $3,971,000 after buying an additional 6,315 shares during the last quarter. Finally, Calamos Advisors LLC increased its holdings in shares of Transcat by 76.0% during the 2nd quarter. Calamos Advisors LLC now owns 15,441 shares of the scientific and technical instruments company’s stock worth $1,848,000 after buying an additional 6,667 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Transcat Trading Down 3.6 %

Shares of NASDAQ TRNS opened at $128.02 on Friday. Transcat, Inc. has a 12-month low of $84.45 and a 12-month high of $147.12. The company has a market cap of $1.17 billion, a P/E ratio of 80.52 and a beta of 0.67. The stock has a fifty day moving average price of $124.52 and a 200 day moving average price of $119.83.

Transcat (NASDAQ:TRNS) last announced its quarterly earnings results on Monday, July 29th. The scientific and technical instruments company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.20. The firm had revenue of $66.70 million during the quarter, compared to the consensus estimate of $69.35 million. Transcat had a return on equity of 8.48% and a net margin of 5.69%. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 EPS. On average, sell-side analysts forecast that Transcat, Inc. will post 2.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on TRNS. HC Wainwright restated a “buy” rating and set a $156.00 price objective on shares of Transcat in a report on Tuesday, July 30th. Craig Hallum dropped their price objective on Transcat from $150.00 to $138.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Transcat has an average rating of “Moderate Buy” and an average target price of $151.33.

Transcat 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.