Transcat, Inc. (NASDAQ:TRNS) Stake Reduced by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of Transcat, Inc. (NASDAQ:TRNS - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,625 shares of the scientific and technical instruments company's stock after selling 8,941 shares during the period. Public Employees Retirement System of Ohio owned about 0.21% of Transcat worth $2,075,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Neuberger Berman Group LLC boosted its holdings in shares of Transcat by 1.8% during the fourth quarter. Neuberger Berman Group LLC now owns 873,985 shares of the scientific and technical instruments company's stock valued at $92,415,000 after acquiring an additional 15,723 shares during the period. Champlain Investment Partners LLC boosted its holdings in shares of Transcat by 35.7% during the fourth quarter. Champlain Investment Partners LLC now owns 555,650 shares of the scientific and technical instruments company's stock valued at $58,754,000 after acquiring an additional 146,150 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Transcat by 178.0% during the fourth 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 acquiring an additional 332,064 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Transcat by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 219,354 shares of the scientific and technical instruments company's stock valued at $23,200,000 after acquiring an additional 1,881 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Transcat by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 209,200 shares of the scientific and technical instruments company's stock valued at $22,121,000 after acquiring an additional 10,186 shares during the period. Institutional investors own 98.34% of the company's stock.

Analysts Set New Price Targets

TRNS has been the subject of several analyst reports. Wall Street Zen raised shares of Transcat from a "sell" rating to a "hold" rating in a report on Wednesday, May 28th. HC Wainwright reissued a "buy" rating and set a $116.00 price target (up previously from $106.00) on shares of Transcat in a report on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $114.00.

Transcat Price Performance

TRNS stock traded up $0.31 during trading on Thursday, hitting $80.22. The company had a trading volume of 155,167 shares, compared to its average volume of 84,066. The firm has a market capitalization of $747.49 million, a price-to-earnings ratio of 43.36 and a beta of 0.69. The business has a 50 day moving average of $82.13 and a 200 day moving average of $88.48. Transcat, Inc. has a fifty-two week low of $67.56 and a fifty-two week high of $147.12. The company has a current ratio of 2.42, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14.

Transcat (NASDAQ:TRNS - Get Free Report) last posted its quarterly earnings data on Monday, May 19th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.02). The company had revenue of $77.13 million during the quarter, compared to analyst estimates of $76.40 million. Transcat had a return on equity of 7.23% and a net margin of 6.22%. The firm's quarterly 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.

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.