Teachers Retirement System of The State of Kentucky Invests $1.97 Million in Transcat, Inc. $TRNS

Key Points

• Teachers Retirement System of Kentucky bought 34,789 shares of Transcat in Q4 valued at about $1.97 million, representing roughly 0.37% of the company.
• Institutional investors own about 98.34% of Transcat, with large funds such as Vanguard, Bamco, Ameriprise, ArrowMark and Bank of America recently increasing their stakes.
• Analyst coverage is mixed—MarketBeat shows a consensus "Hold" with a $105.33 target while Zacks cut the stock to a "strong sell"—and Transcat recently missed EPS ($0.26 vs. $0.30) despite a revenue beat; shares trade near $75.68 with a P/E around 89 and a market cap of about $706 million.

Teachers Retirement System of The State of Kentucky acquired a new position in Transcat, Inc. (NASDAQ:TRNS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,789 shares of the scientific and technical instruments company's stock, valued at approximately $1,974,000. Teachers Retirement System of The State of Kentucky owned about 0.37% of Transcat as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Transcat by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 530,771 shares of the scientific and technical instruments company's stock worth $38,852,000 after purchasing an additional 2,041 shares during the last quarter. Bamco Inc. NY increased its stake in shares of Transcat by 14.2% during the 3rd quarter. Bamco Inc. NY now owns 191,566 shares of the scientific and technical instruments company's stock worth $14,023,000 after purchasing an additional 23,853 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Transcat by 30.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 116,032 shares of the scientific and technical instruments company's stock worth $9,974,000 after purchasing an additional 27,372 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its stake in shares of Transcat by 45.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 85,371 shares of the scientific and technical instruments company's stock worth $6,249,000 after purchasing an additional 26,659 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Transcat by 12.3% during the 3rd quarter. Bank of America Corp DE now owns 68,429 shares of the scientific and technical instruments company's stock worth $5,009,000 after purchasing an additional 7,490 shares during the last quarter. Institutional investors own 98.34% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Transcat from a "hold" rating to a "strong sell" rating in a research note on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $105.33.

Transcat Stock Performance

NASDAQ TRNS opened at $75.68 on Wednesday. Transcat, Inc. has a 52-week low of $50.23 and a 52-week high of $97.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.21. The company has a market capitalization of $706.25 million, a P/E ratio of 89.04 and a beta of 0.71. The company has a fifty day moving average of $76.34 and a 200-day moving average of $67.61.

Transcat (NASDAQ:TRNS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $83.86 million during the quarter, compared to the consensus estimate of $80.99 million. Transcat had a return on equity of 6.15% and a net margin of 2.47%. As a group, equities research analysts predict that Transcat, Inc. will post 1.83 EPS for the current fiscal year.

Transcat Company Profile

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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