Janus Henderson Group PLC Boosts Stock Holdings in Transcat, Inc. (NASDAQ:TRNS)

Janus Henderson Group PLC boosted its holdings in Transcat, Inc. (NASDAQ:TRNS - Free Report) by 38.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,344 shares of the scientific and technical instruments company's stock after purchasing an additional 5,403 shares during the period. Janus Henderson Group PLC owned approximately 0.21% of Transcat worth $2,046,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in TRNS. Granahan Investment Management LLC raised its stake in shares of Transcat by 132.0% during 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 during the last quarter. Deutsche Bank AG raised its stake in shares of Transcat by 49.9% during the fourth quarter. Deutsche Bank AG now owns 7,833 shares of the scientific and technical instruments company's stock valued at $828,000 after acquiring an additional 2,608 shares during the last quarter. Centiva Capital LP raised its stake in shares of Transcat by 6.0% during the fourth quarter. Centiva Capital LP now owns 3,009 shares of the scientific and technical instruments company's stock valued at $318,000 after acquiring an additional 171 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Transcat by 2.6% during the fourth quarter. Ameriprise Financial Inc. now owns 70,997 shares of the scientific and technical instruments company's stock valued at $7,507,000 after acquiring an additional 1,804 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Transcat by 5.9% during the fourth quarter. Comerica Bank now owns 64,600 shares of the scientific and technical instruments company's stock valued at $6,831,000 after acquiring an additional 3,594 shares during the last quarter. 98.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on TRNS shares. Oppenheimer downgraded shares of Transcat from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Northland Securities reiterated a "market perform" rating and set a $85.00 price target (down previously from $110.00) on shares of Transcat in a research report on Wednesday, January 29th. Wall Street Zen upgraded shares of Transcat from a "sell" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, HC Wainwright reiterated a "buy" rating and set a $116.00 price target (up previously from $106.00) on shares of Transcat in a research report on Wednesday, May 21st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Transcat has an average rating of "Hold" and an average price target of $114.00.

Transcat Stock Up 0.8%

TRNS traded up $0.72 during midday trading on Tuesday, reaching $92.04. The company's stock had a trading volume of 75,704 shares, compared to its average volume of 82,135. The firm has a market capitalization of $856.80 million, a price-to-earnings ratio of 49.75 and a beta of 0.69. 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, Inc. has a 1 year low of $67.56 and a 1 year high of $147.12. The stock's 50-day moving average is $80.28 and its 200-day moving average is $89.38.

Transcat (NASDAQ:TRNS - Get Free Report) last announced its quarterly earnings data on Monday, May 19th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). The business had revenue of $77.13 million during the quarter, compared to analysts' expectations of $76.40 million. Transcat had a return on equity of 7.23% and a net margin of 6.22%. The business's revenue was up 8.8% compared to the same quarter last year. As a group, research analysts expect that Transcat, Inc. will post 2.3 EPS for the current year.

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.