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

Public Employees Retirement System of Ohio decreased its position in shares of Transcat, Inc. (NASDAQ:TRNS - Free Report) by 31.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,625 shares of the scientific and technical instruments company's stock after selling 8,941 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.21% of Transcat worth $2,075,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TRNS. Centiva Capital LP raised 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 worth $318,000 after purchasing an additional 171 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Transcat by 3.9% during 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 lifted its position in Transcat by 686.7% during the fourth 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. boosted its stake in Transcat by 8.5% in the fourth 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 in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Transcat by 1.4% in the fourth quarter. Victory Capital Management Inc. now owns 34,710 shares of the scientific and technical instruments company's stock worth $3,670,000 after purchasing an additional 480 shares during the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Transcat Stock Performance

Shares of Transcat stock traded down $0.02 during trading on Thursday, hitting $79.89. 18,432 shares of the company's stock were exchanged, compared to its average volume of 83,431. The stock has a market capitalization of $744.42 million, a price-to-earnings ratio of 43.38 and a beta of 0.69. The business has a 50-day simple moving average of $82.01 and a 200-day simple moving average of $88.64. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.42. Transcat, Inc. has a 52-week low of $67.56 and a 52-week high of $147.12.

Transcat (NASDAQ:TRNS - Get Free Report) last posted its earnings results on Monday, May 19th. The scientific and technical instruments company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). The business had revenue of $77.13 million for the quarter, compared to analyst estimates of $76.40 million. Transcat had a net margin of 6.22% and a return on equity of 7.23%. The business's revenue was up 8.8% on a year-over-year basis. On average, research analysts forecast that Transcat, Inc. will post 2.3 EPS for the current year.

Analyst Upgrades and Downgrades

TRNS has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Transcat from a "sell" rating to a "hold" rating in a research note on Wednesday, May 28th. HC Wainwright reaffirmed a "buy" rating and issued a $116.00 price objective (up from $106.00) on shares of Transcat in a research report on Wednesday, May 21st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.