Bessemer Group Inc. Boosts Stake in Transcat, Inc. (NASDAQ:TRNS)

Bessemer Group Inc. boosted its stake in shares of Transcat, Inc. (NASDAQ:TRNS - Free Report) by 64.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 180,069 shares of the scientific and technical instruments company's stock after purchasing an additional 70,461 shares during the period. Bessemer Group Inc. owned about 1.93% of Transcat worth $13,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. lifted its position in shares of Transcat by 178.0% in the fourth 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 acquiring an additional 332,064 shares in the last quarter. Champlain Investment Partners LLC lifted its position 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 acquiring an additional 146,150 shares in the last quarter. Royal Bank of Canada lifted its position 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 acquiring an additional 133,013 shares in 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 valued at $19,960,000 after acquiring an additional 107,389 shares in the last quarter. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Transcat in the fourth quarter valued at about $9,460,000. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Transcat Price Performance

Shares of NASDAQ:TRNS traded down $0.52 during mid-day trading on Friday, reaching $84.82. The stock had a trading volume of 295,459 shares, compared to its average volume of 89,576. The company has a current ratio of 2.29, a quick ratio of 1.87 and a debt-to-equity ratio of 0.11. The company has a market cap of $790.35 million, a P/E ratio of 54.37 and a beta of 0.75. Transcat, Inc. has a 1 year low of $67.56 and a 1 year high of $147.12. The business's 50 day moving average price is $82.58 and its 200 day moving average price is $85.84.

Transcat (NASDAQ:TRNS - Get Free Report) last posted its earnings results on Monday, May 19th. The scientific and technical instruments company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). The firm had revenue of $77.13 million during the quarter, compared to analysts' expectations of $76.40 million. Transcat had a return on equity of 6.47% and a net margin of 5.21%. The company's quarterly revenue was up 8.8% compared to the same quarter last year. Research analysts expect that Transcat, Inc. will post 2.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TRNS shares. HC Wainwright restated a "buy" rating and issued a $116.00 price objective on shares of Transcat in a research report on Wednesday. Wall Street Zen upgraded Transcat from a "sell" rating to a "hold" rating in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $114.00.

About Transcat

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.