Silvercrest Asset Management Group LLC Grows Stock Holdings in Transcat, Inc. (NASDAQ:TRNS)

Silvercrest Asset Management Group LLC lifted its stake in Transcat, Inc. (NASDAQ:TRNS - Free Report) by 39.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,892 shares of the scientific and technical instruments company's stock after acquiring an additional 17,859 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.68% of Transcat worth $6,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Neuberger Berman Group LLC grew its stake in shares of Transcat by 1.8% in the fourth quarter. Neuberger Berman Group LLC now owns 873,985 shares of the scientific and technical instruments company's stock worth $92,415,000 after acquiring an additional 15,723 shares during the period. Annex Advisory Services LLC grew its stake in shares of Transcat by 47.6% in the fourth quarter. Annex Advisory Services LLC now owns 24,461 shares of the scientific and technical instruments company's stock worth $2,587,000 after acquiring an additional 7,893 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Transcat by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 209,200 shares of the scientific and technical instruments company's stock worth $22,121,000 after acquiring an additional 10,186 shares during the period. Barclays PLC grew its stake in shares of Transcat by 393.0% in the third quarter. Barclays PLC now owns 15,130 shares of the scientific and technical instruments company's stock worth $1,826,000 after acquiring an additional 12,061 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Transcat by 4.1% in the fourth quarter. Rhumbline Advisers now owns 12,348 shares of the scientific and technical instruments company's stock worth $1,306,000 after acquiring an additional 486 shares during the period. 98.34% of the stock is currently owned by institutional investors.

Transcat Price Performance

Shares of TRNS traded down $0.31 during mid-day trading on Friday, reaching $91.32. The stock had a trading volume of 70,643 shares, compared to its average volume of 82,161. The firm has a market cap of $850.10 million, a price-to-earnings ratio of 49.36 and a beta of 0.69. Transcat, Inc. has a 12 month low of $67.56 and a 12 month high of $147.12. The business has a fifty day moving average of $79.46 and a 200 day moving average of $89.61. 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 (NASDAQ:TRNS - Get Free Report) last posted its quarterly earnings results on Monday, May 19th. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). The firm had revenue of $77.13 million during the quarter, compared to the consensus estimate of $76.40 million. Transcat had a return on equity of 7.23% and a net margin of 6.22%. The company's quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts predict that Transcat, Inc. will post 2.3 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on TRNS shares. HC Wainwright restated a "buy" rating and set a $116.00 target price (up from $106.00) on shares of Transcat in a research report on Wednesday. Northland Securities restated a "market perform" rating and set a $85.00 target price (down from $110.00) on shares of Transcat in a research report on Wednesday, January 29th. Wall Street Zen upgraded shares of Transcat from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Oppenheimer lowered shares of Transcat from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $114.00.

Transcat 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.