SG Americas Securities LLC Grows Stock Holdings in Transcat, Inc. $TRNS

Key Points

• SG Americas Securities LLC increased its stake in Transcat by 112.6% in Q4 to 27,732 shares (≈$1.57M), and institutional investors now hold 98.34% of the stock after several funds added or initiated positions.
• Analysts' consensus is a Moderate Buy with an average price target of $105.33.
• Transcat trades near $75.48 (50‑day MA $73.34; 52‑week range $50.23–$97.08), has a market cap of $704M, and its most recent quarter missed EPS by $0.04 while beating revenue estimates.

SG Americas Securities LLC grew its position in shares of Transcat, Inc. (NASDAQ:TRNS - Free Report) by 112.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,732 shares of the scientific and technical instruments company's stock after buying an additional 14,688 shares during the quarter. SG Americas Securities LLC owned 0.30% of Transcat worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TRNS. Roubaix Capital LLC bought a new position in shares of Transcat in the 3rd quarter worth approximately $2,309,000. Bamco Inc. NY grew its position in Transcat by 14.2% during the third quarter. Bamco Inc. NY now owns 191,566 shares of the scientific and technical instruments company's stock valued at $14,023,000 after buying an additional 23,853 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in Transcat by 45.4% during the third quarter. ArrowMark Colorado Holdings LLC now owns 85,371 shares of the scientific and technical instruments company's stock valued at $6,249,000 after buying an additional 26,659 shares during the last quarter. 4D Advisors LLC bought a new position in Transcat in the second quarter worth approximately $3,009,000. Finally, King Luther Capital Management Corp boosted its stake in shares of Transcat by 212.8% during the 3rd quarter. King Luther Capital Management Corp now owns 36,750 shares of the scientific and technical instruments company's stock worth $2,690,000 after acquiring an additional 25,000 shares during the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRNS has been the topic of several recent research reports. Zacks Research raised Transcat from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 4th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Transcat in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Transcat presently has a consensus rating of "Moderate Buy" and an average target price of $105.33.

Transcat Price Performance

NASDAQ:TRNS opened at $75.48 on Tuesday. The business's 50-day moving average is $73.34 and its 200 day moving average is $66.79. Transcat, Inc. has a 12 month low of $50.23 and a 12 month high of $97.08. The company has a market capitalization of $704.23 million, a P/E ratio of 88.80 and a beta of 0.71. The company has a current ratio of 2.21, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34.

Transcat (NASDAQ:TRNS - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.30 by ($0.04). Transcat had a return on equity of 6.15% and a net margin of 2.47%.The business had revenue of $83.86 million during the quarter, compared to the consensus estimate of $80.99 million. On average, equities research analysts forecast that Transcat, Inc. will post 2.3 earnings per share for the current fiscal year.

About Transcat

Transcat, Inc NASDAQ: TRNS is a leading provider of calibration, laboratory, and metrology services in North America. Founded in 1964 and headquartered in Ronkonkoma, New York, the company specializes in ensuring the accuracy and compliance of measurement instruments across a wide range of industries. Transcat operates a network of ISO/IEC 17025–accredited laboratories and offers on-site field calibration, instrument repair, and preventive maintenance services.

In addition to its calibration services, Transcat distributes precision instrumentation and related software solutions from top manufacturers.

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