TD Asset Management Inc Has $1.50 Million Stock Position in Transcat, Inc. (NASDAQ:TRNS)

Key Points

• TD Asset Management Inc increased its holdings in Transcat, Inc. by 22.9% during the first quarter, now owning $1.50 million worth of shares.
• Multiple large investors, including Bessemer Group Inc, significantly raised their stakes in Transcat, reflecting growing institutional interest in the company.
• Transcat's stock has an average price target of $112.20 and currently holds a consensus rating of "Moderate Buy" from analysts.

TD Asset Management Inc grew its holdings in Transcat, Inc. (NASDAQ:TRNS - Free Report) by 22.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,184 shares of the scientific and technical instruments company's stock after acquiring an additional 3,762 shares during the quarter. TD Asset Management Inc owned 0.22% of Transcat worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. boosted its stake in shares of Transcat by 178.0% in the 4th 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 purchasing an additional 332,064 shares in the last quarter. Champlain Investment Partners LLC grew its position in shares of Transcat by 35.7% during the 4th quarter. Champlain Investment Partners LLC now owns 555,650 shares of the scientific and technical instruments company's stock worth $58,754,000 after buying an additional 146,150 shares during the period. Royal Bank of Canada grew its stake in shares of 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 purchasing an additional 133,013 shares during the period. Granahan Investment Management LLC increased its stake in 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 purchasing an additional 107,389 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in Transcat by 1,692.4% in the fourth quarter. Bessemer Group Inc. now owns 109,608 shares of the scientific and technical instruments company's stock valued at $11,590,000 after acquiring an additional 103,493 shares during the period. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Transcat Stock Performance

Shares of NASDAQ TRNS traded up $0.84 during mid-day trading on Tuesday, reaching $75.64. 51,906 shares of the company were exchanged, compared to its average volume of 80,457. The stock has a market capitalization of $704.96 million, a P/E ratio of 48.49 and a beta of 0.71. The company has a quick ratio of 1.87, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. The company's 50-day simple moving average is $82.80 and its 200-day simple moving average is $81.29. Transcat, Inc. has a twelve month low of $67.56 and a twelve month high of $133.72.

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

Analysts Set New Price Targets

Several research firms recently commented on TRNS. Wall Street Zen raised shares of Transcat from a "sell" rating to a "hold" rating in a research report on Wednesday, May 28th. Lake Street Capital began coverage on shares of Transcat in a report on Thursday, July 10th. They issued a "buy" rating and a $105.00 price objective on the stock. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $116.00 target price on shares of Transcat in a research report on Wednesday, June 25th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Transcat has an average rating of "Moderate Buy" and a consensus price target of $112.20.

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.