Transcat, Inc. (NASDAQ:TRNS - Get Free Report) saw strong trading volume on Wednesday . 139,420 shares were traded during trading, an increase of 168% from the previous session's volume of 51,984 shares.The stock last traded at $99.06 and had previously closed at $99.45.
Analyst Ratings Changes
TRNS has been the subject of several research analyst reports. Oppenheimer reiterated an "outperform" rating and issued a $130.00 price objective (down from $155.00) on shares of Transcat in a report on Wednesday. Northland Securities decreased 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. HC Wainwright restated a "buy" rating and set a $156.00 target price on shares of Transcat in a research note on Tuesday. StockNews.com downgraded Transcat from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Craig Hallum cut their price objective on Transcat from $138.00 to $113.00 and set a "buy" rating for the company in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $127.25.
Get Our Latest Stock Report on Transcat
Transcat Stock Down 0.5 %
The firm has a 50-day moving average of $122.86 and a two-hundred day moving average of $122.18. The company has a market capitalization of $905.85 million, a PE ratio of 58.58 and a beta of 0.67.
Transcat (NASDAQ:TRNS - Get Free Report) last posted its earnings results on Monday, October 28th. The scientific and technical instruments company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.47 by ($0.12). The business had revenue of $67.83 million for the quarter, compared to analyst estimates of $70.30 million. Transcat had a net margin of 5.69% and a return on equity of 8.48%. Transcat's revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. Equities analysts predict that Transcat, Inc. will post 2.06 EPS for the current fiscal year.
Institutional Trading of Transcat
Several institutional investors have recently made changes to their positions in TRNS. Conestoga Capital Advisors LLC boosted its holdings in Transcat by 17.9% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 907,191 shares of the scientific and technical instruments company's stock valued at $109,561,000 after acquiring an additional 137,830 shares during the period. Hood River Capital Management LLC boosted its stake in shares of Transcat by 21.6% in the second quarter. Hood River Capital Management LLC now owns 196,838 shares of the scientific and technical instruments company's stock valued at $23,558,000 after purchasing an additional 34,947 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Transcat by 28.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 79,303 shares of the scientific and technical instruments company's stock valued at $9,577,000 after purchasing an additional 17,743 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of Transcat by 4.6% in 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 in the last quarter. Finally, Essex Investment Management Co. LLC increased its stake in Transcat by 0.4% during the 3rd quarter. Essex Investment Management Co. LLC now owns 43,444 shares of the scientific and technical instruments company's stock worth $5,247,000 after buying an additional 171 shares during the period. Hedge funds and other institutional investors own 98.34% of the company's stock.
About Transcat
(
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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.
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