Transcat, Inc. (NASDAQ:TRNS - Get Free Report) reached a new 52-week low during trading on Thursday . The stock traded as low as $69.92 and last traded at $69.97, with a volume of 54460 shares trading hands. The stock had previously closed at $72.05.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on TRNS shares. HC Wainwright cut their target price on shares of Transcat from $126.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. Northland Securities reaffirmed a "market perform" rating and issued a $85.00 price objective (down from $110.00) on shares of Transcat in a research note on Wednesday, January 29th. Oppenheimer cut shares of Transcat from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. StockNews.com lowered Transcat from a "hold" rating to a "sell" rating in a research report on Wednesday, February 5th. Finally, Craig Hallum upped their price objective on Transcat from $113.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Transcat presently has an average rating of "Hold" and a consensus target price of $111.50.
Check Out Our Latest Report on TRNS
Transcat Stock Up 4.0 %
The company has a current ratio of 2.42, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14. The firm's fifty day moving average price is $82.92 and its 200-day moving average price is $102.43. The company has a market cap of $668.76 million, a price-to-earnings ratio of 38.83 and a beta of 0.66.
Transcat (NASDAQ:TRNS - Get Free Report) last posted its earnings results on Monday, January 27th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.07. Transcat had a return on equity of 7.23% and a net margin of 6.22%. During the same period in the previous year, the business earned $0.56 earnings per share. Sell-side analysts predict that Transcat, Inc. will post 2.3 earnings per share for the current year.
Insider Buying and Selling
In related news, Director Craig D. Cairns bought 1,200 shares of Transcat stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $77.02 per share, with a total value of $92,424.00. Following the purchase, the director now owns 1,910 shares in the company, valued at approximately $147,108.20. This trade represents a 169.01 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by company insiders.
Institutional Trading of Transcat
A number of institutional investors have recently modified their holdings of TRNS. T. Rowe Price Investment Management Inc. raised its position in Transcat by 178.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 518,597 shares of the scientific and technical instruments company's stock valued at $54,837,000 after buying an additional 332,064 shares during the last quarter. Champlain Investment Partners LLC raised its holdings in shares of Transcat by 35.7% in the fourth quarter. Champlain Investment Partners LLC now owns 555,650 shares of the scientific and technical instruments company's stock valued at $58,754,000 after purchasing an additional 146,150 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Transcat by 328.4% in the fourth quarter. Royal Bank of Canada now owns 173,514 shares of the scientific and technical instruments company's stock valued at $18,348,000 after purchasing an additional 133,013 shares during the last quarter. Granahan Investment Management LLC lifted its position in shares of Transcat by 132.0% in the fourth quarter. Granahan Investment Management LLC now owns 188,763 shares of the scientific and technical instruments company's stock worth $19,960,000 after purchasing an additional 107,389 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Transcat by 1,692.4% during the fourth quarter. Bessemer Group Inc. now owns 109,608 shares of the scientific and technical instruments company's stock worth $11,590,000 after purchasing an additional 103,493 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors.
About Transcat
(
Get Free Report)
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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