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

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Neuberger Berman Group LLC lifted its stake in Transcat by 1.8% in the fourth 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. Champlain Investment Partners LLC grew its holdings 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 worth $58,754,000 after purchasing an additional 146,150 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings 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 worth $54,837,000 after purchasing an additional 332,064 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Transcat by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 219,354 shares of the scientific and technical instruments company's stock worth $23,200,000 after purchasing an additional 1,881 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Transcat by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 209,200 shares of the scientific and technical instruments company's stock worth $22,121,000 after purchasing an additional 10,186 shares during the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRNS. Wall Street Zen upgraded shares of Transcat from a "sell" rating to a "hold" rating in a report on Wednesday, May 28th. HC Wainwright restated a "buy" rating and issued a $116.00 target price (up previously from $106.00) on shares of Transcat in a report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $114.00.

Transcat Trading Up 0.6%

Shares of NASDAQ TRNS traded up $0.51 during midday trading on Tuesday, hitting $85.95. 139,774 shares of the company traded hands, compared to its average volume of 83,036. Transcat, Inc. has a 12-month low of $67.56 and a 12-month high of $147.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.42. The stock has a 50-day moving average price of $81.62 and a 200 day moving average price of $88.72. The firm has a market cap of $800.88 million, a P/E ratio of 46.46 and a beta of 0.69.

Transcat (NASDAQ:TRNS - Get Free Report) last announced 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). Transcat had a net margin of 6.22% and a return on equity of 7.23%. 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% on a year-over-year basis. As a group, analysts expect that Transcat, Inc. will post 2.3 earnings per share for the current year.

Transcat Company 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.