Moody National Bank Trust Division Purchases 3,120 Shares of Transcat, Inc. (NASDAQ:TRNS)

Moody National Bank Trust Division lifted its position in shares of Transcat, Inc. (NASDAQ:TRNS - Free Report) by 30.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,355 shares of the scientific and technical instruments company's stock after purchasing an additional 3,120 shares during the period. Moody National Bank Trust Division owned 0.14% of Transcat worth $994,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its position in Transcat by 178.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 518,597 shares of the scientific and technical instruments company's stock worth $54,837,000 after buying an additional 332,064 shares during the period. Champlain Investment Partners LLC grew its stake 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 increased its position in Transcat by 328.4% during the fourth quarter. Royal Bank of Canada now owns 173,514 shares of the scientific and technical instruments company's stock worth $18,348,000 after acquiring an additional 133,013 shares during the period. Granahan Investment Management LLC raised its stake in Transcat by 132.0% in the 4th 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. raised its stake in Transcat by 1,692.4% in the 4th 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 in the last quarter. Institutional investors own 98.34% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TRNS shares. HC Wainwright reaffirmed a "buy" rating and set a $116.00 target price (up from $106.00) on shares of Transcat in a report on Wednesday, May 21st. Wall Street Zen upgraded Transcat from a "sell" rating to a "hold" rating in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $114.00.

Transcat Price Performance

TRNS stock traded down $4.95 during mid-day trading on Wednesday, hitting $81.00. The stock had a trading volume of 58,909 shares, compared to its average volume of 83,181. 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 has a market capitalization of $754.76 million, a P/E ratio of 43.78 and a beta of 0.69. The firm has a fifty day simple moving average of $81.88 and a 200 day simple moving average of $88.70. Transcat, Inc. has a 52 week low of $67.56 and a 52 week high of $147.12.

Transcat (NASDAQ:TRNS - Get Free Report) last released its earnings results on Monday, May 19th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). Transcat had a return on equity of 7.23% and a net margin of 6.22%. The business had revenue of $77.13 million for the quarter, compared to the consensus estimate of $76.40 million. The business's revenue was up 8.8% compared to the same quarter last year. As a group, research analysts forecast 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.