Transcat, Inc. (NASDAQ:TRNS) Shares Acquired by Comerica Bank

Comerica Bank increased its position in shares of Transcat, Inc. (NASDAQ:TRNS - Free Report) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,600 shares of the scientific and technical instruments company's stock after acquiring an additional 3,594 shares during the period. Comerica Bank owned about 0.69% of Transcat worth $6,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Neuberger Berman Group LLC raised its holdings in Transcat by 1.8% during the 4th quarter. Neuberger Berman Group LLC now owns 873,985 shares of the scientific and technical instruments company's stock worth $92,415,000 after purchasing an additional 15,723 shares during the last quarter. Annex Advisory Services LLC lifted its holdings in Transcat by 47.6% during the fourth quarter. Annex Advisory Services LLC now owns 24,461 shares of the scientific and technical instruments company's stock worth $2,587,000 after acquiring an additional 7,893 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Transcat by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 209,200 shares of the scientific and technical instruments company's stock valued at $22,121,000 after acquiring an additional 10,186 shares during the period. Barclays PLC boosted its position in Transcat by 393.0% during the third quarter. Barclays PLC now owns 15,130 shares of the scientific and technical instruments company's stock worth $1,826,000 after purchasing an additional 12,061 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Transcat by 4.1% in the fourth quarter. Rhumbline Advisers now owns 12,348 shares of the scientific and technical instruments company's stock worth $1,306,000 after buying an additional 486 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Transcat Stock Down 1.2 %

Transcat stock traded down $0.94 during trading hours on Friday, reaching $78.41. The stock had a trading volume of 86,198 shares, compared to its average volume of 76,393. The company has a market cap of $729.92 million, a price-to-earnings ratio of 42.38 and a beta of 0.69. The business's 50 day moving average price is $76.80 and its 200-day moving average price is $91.59. Transcat, Inc. has a 52 week low of $67.56 and a 52 week high of $147.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.42 and a quick ratio of 1.98.

Analyst Ratings Changes

Several analysts have issued reports on TRNS shares. StockNews.com lowered shares of Transcat from a "hold" rating to a "sell" rating in a research report on Wednesday, February 5th. HC Wainwright reduced their price target on shares of Transcat from $126.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Northland Securities restated a "market perform" rating and issued a $85.00 price target (down from $110.00) on shares of Transcat in a research note on Wednesday, January 29th. Finally, Oppenheimer lowered Transcat from an "outperform" rating to a "market perform" rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $111.50.

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.