Transcat, Inc. (NASDAQ:TRNS) Position Boosted by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC boosted its stake in Transcat, Inc. (NASDAQ:TRNS - Free Report) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 957,254 shares of the scientific and technical instruments company's stock after acquiring an additional 52,328 shares during the period. Conestoga Capital Advisors LLC owned 10.28% of Transcat worth $71,268,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Centiva Capital LP increased its holdings in Transcat by 6.0% in the fourth quarter. Centiva Capital LP now owns 3,009 shares of the scientific and technical instruments company's stock valued at $318,000 after buying an additional 171 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Transcat by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,137 shares of the scientific and technical instruments company's stock worth $543,000 after acquiring an additional 194 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Transcat by 686.7% in the 4th quarter. Jones Financial Companies Lllp now owns 354 shares of the scientific and technical instruments company's stock valued at $37,000 after acquiring an additional 309 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Transcat by 8.5% in the 4th quarter. Principal Financial Group Inc. now owns 5,002 shares of the scientific and technical instruments company's stock valued at $529,000 after acquiring an additional 391 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Transcat by 1.4% during the 4th quarter. Victory Capital Management Inc. now owns 34,710 shares of the scientific and technical instruments company's stock valued at $3,670,000 after acquiring an additional 480 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Transcat Stock Performance

Shares of NASDAQ TRNS traded down $0.55 during mid-day trading on Friday, hitting $80.54. The company had a trading volume of 102,820 shares, compared to its average volume of 87,693. Transcat, Inc. has a 12 month low of $67.56 and a 12 month high of $147.12. The stock has a market cap of $750.63 million, a price-to-earnings ratio of 51.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.87. The firm's 50 day simple moving average is $82.74 and its two-hundred day simple moving average is $86.58.

Transcat (NASDAQ:TRNS - Get Free Report) last posted its earnings results 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 company had revenue of $77.13 million during the quarter, compared to the consensus estimate of $76.40 million. Transcat had a net margin of 5.21% and a return on equity of 6.47%. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. As a group, equities research analysts forecast that Transcat, Inc. will post 2.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen raised 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 price target (up from $106.00) on shares of Transcat in a research report on Wednesday, May 21st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $114.00.

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.