Dimensional Fund Advisors LP Buys 10,186 Shares of Transcat, Inc. (NASDAQ:TRNS)

Dimensional Fund Advisors LP raised its position in Transcat, Inc. (NASDAQ:TRNS - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 209,200 shares of the scientific and technical instruments company's stock after purchasing an additional 10,186 shares during the period. Dimensional Fund Advisors LP owned 2.25% of Transcat worth $22,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRNS. Jones Financial Companies Lllp boosted its stake in shares of Transcat by 686.7% during 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 purchasing an additional 309 shares in the last quarter. Morgan Dempsey Capital Management LLC bought a new position in shares of Transcat in the fourth quarter worth about $143,000. SG Americas Securities LLC bought a new stake in Transcat during the fourth quarter valued at about $182,000. KLP Kapitalforvaltning AS purchased a new stake in Transcat in the 4th quarter worth $190,000. Finally, XTX Topco Ltd purchased a new stake in Transcat during the fourth quarter valued at $326,000. Hedge funds and other institutional investors own 98.34% of the company's stock.

Wall Street Analyst Weigh In

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

Transcat Stock Down 1.2 %

NASDAQ TRNS traded down $0.94 during mid-day trading on Friday, reaching $78.41. 86,198 shares of the company's stock traded hands, compared to its average volume of 76,633. Transcat, Inc. has a 1-year low of $67.56 and a 1-year 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. 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 company has a fifty day simple moving average of $76.85 and a 200-day simple moving average of $91.27.

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.