International Assets Investment Management LLC Buys 2,761 Shares of Transcat, Inc. (NASDAQ:TRNS)

International Assets Investment Management LLC lifted its holdings in shares of Transcat, Inc. (NASDAQ:TRNS) by 16,241.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,778 shares of the scientific and technical instruments company’s stock after buying an additional 2,761 shares during the quarter. International Assets Investment Management LLC’s holdings in Transcat were worth $335,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TRNS. DekaBank Deutsche Girozentrale acquired a new stake in shares of Transcat during the 2nd quarter worth approximately $40,000. nVerses Capital LLC acquired a new stake in shares of Transcat during the 3rd quarter worth approximately $60,000. First Horizon Advisors Inc. grew its position in shares of Transcat by 26.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 599 shares of the scientific and technical instruments company’s stock worth $72,000 after buying an additional 125 shares during the period. Fifth Third Bancorp grew its position in shares of Transcat by 95.8% during the 2nd quarter. Fifth Third Bancorp now owns 656 shares of the scientific and technical instruments company’s stock worth $79,000 after buying an additional 321 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Transcat during the 2nd quarter worth approximately $109,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

TRNS has been the subject of several analyst reports. StockNews.com cut shares of Transcat from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th. Craig Hallum decreased their price objective on shares of Transcat from $138.00 to $113.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Northland Securities decreased their price objective on shares of Transcat from $130.00 to $110.00 and set a “market perform” rating for the company in a report on Wednesday, October 30th. Oppenheimer restated an “outperform” rating and set a $130.00 price objective (down previously from $155.00) on shares of Transcat in a report on Wednesday, October 30th. Finally, HC Wainwright restated a “buy” rating and set a $156.00 price objective on shares of Transcat in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $127.25.

Transcat Stock Up 7.1 %

Transcat stock opened at $107.00 on Thursday. The stock has a market capitalization of $979.05 million, a PE ratio of 50.46 and a beta of 0.69. Transcat, Inc. has a twelve month low of $85.94 and a twelve month high of $147.12. The company has a 50 day moving average of $120.65 and a 200-day moving average of $122.00.

Transcat (NASDAQ:TRNS) last released its quarterly earnings results 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 company had revenue of $67.83 million during the quarter, compared to analyst estimates of $70.30 million. Transcat had a net margin of 6.63% and a return on equity of 7.62%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 EPS. Equities analysts anticipate that Transcat, Inc. will post 1.76 EPS for the current fiscal year.

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.