Neuberger Berman Group LLC Buys 15,723 Shares of Transcat, Inc. (NASDAQ:TRNS)

Neuberger Berman Group LLC boosted its holdings in Transcat, Inc. (NASDAQ:TRNS - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 873,985 shares of the scientific and technical instruments company's stock after purchasing an additional 15,723 shares during the quarter. Neuberger Berman Group LLC owned about 9.39% of Transcat worth $92,415,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TRNS. Jones Financial Companies Lllp increased its stake in shares of Transcat by 686.7% in the 4th quarter. Jones Financial Companies Lllp now owns 354 shares of the scientific and technical instruments company's stock valued at $37,000 after acquiring an additional 309 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Transcat by 8.8% in the third quarter. Principal Financial Group Inc. now owns 4,611 shares of the scientific and technical instruments company's stock worth $557,000 after purchasing an additional 373 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Transcat by 1.4% during the fourth quarter. Victory Capital Management Inc. now owns 34,710 shares of the scientific and technical instruments company's stock valued at $3,670,000 after purchasing an additional 480 shares during the period. Rhumbline Advisers grew its stake in shares of Transcat by 4.1% in the 4th quarter. Rhumbline Advisers now owns 12,348 shares of the scientific and technical instruments company's stock valued at $1,306,000 after buying an additional 486 shares during the period. Finally, Janus Henderson Group PLC increased its position in Transcat by 4.5% in the 3rd quarter. Janus Henderson Group PLC now owns 13,941 shares of the scientific and technical instruments company's stock valued at $1,684,000 after buying an additional 606 shares in the last quarter. 98.34% of the stock is owned by institutional investors and hedge funds.

Transcat Stock Performance

Shares of TRNS traded up $1.81 on Tuesday, reaching $85.07. 42,216 shares of the company's stock traded hands, compared to its average volume of 72,449. The stock's 50 day simple moving average is $76.54 and its two-hundred day simple moving average is $96.38. The stock has a market cap of $791.92 million, a PE ratio of 45.98 and a beta of 0.67. Transcat, Inc. has a 52-week low of $67.56 and a 52-week high of $147.12. The company has a current ratio of 2.42, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14.

Transcat (NASDAQ:TRNS - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.38 by $0.07. Transcat had a net margin of 6.22% and a return on equity of 7.23%. During the same period in the prior year, the company posted $0.56 EPS. On average, analysts forecast that Transcat, Inc. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. HC Wainwright reduced their price objective on Transcat from $126.00 to $106.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. StockNews.com lowered shares of Transcat from a "hold" rating to a "sell" rating in a research note on Wednesday, February 5th. Oppenheimer lowered shares of Transcat from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. Finally, Northland Securities reissued a "market perform" rating and set a $85.00 price objective (down from $110.00) on shares of Transcat in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $111.50.

Insider Buying and Selling at Transcat

In related news, Director Craig D. Cairns purchased 1,200 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $77.02 per share, with a total value of $92,424.00. Following the acquisition, the director now owns 1,910 shares of the company's stock, valued at $147,108.20. This trade represents a 169.01 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.30% of the company's stock.

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.