Transcat, Inc. (NASDAQ:TRNS) Stock Holdings Lifted by Granahan Investment Management LLC

Granahan Investment Management LLC grew its holdings in shares of Transcat, Inc. (NASDAQ:TRNS - Free Report) by 132.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 188,763 shares of the scientific and technical instruments company's stock after acquiring an additional 107,389 shares during the quarter. Granahan Investment Management LLC owned about 2.03% of Transcat worth $19,960,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TRNS. Jones Financial Companies Lllp raised its position in shares of 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 worth $37,000 after purchasing an additional 309 shares during the period. Aquatic Capital Management LLC raised its position in shares of Transcat by 1,052.0% during the fourth quarter. Aquatic Capital Management LLC now owns 1,152 shares of the scientific and technical instruments company's stock worth $122,000 after purchasing an additional 1,052 shares during the period. Morgan Dempsey Capital Management LLC acquired a new stake in shares of Transcat during the fourth quarter worth $143,000. SG Americas Securities LLC acquired a new stake in shares of Transcat during the fourth quarter worth $182,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Transcat during the fourth quarter worth $190,000. Institutional investors and hedge funds own 98.34% of the company's stock.

Analyst Ratings Changes

TRNS has been the topic of a number of recent analyst reports. StockNews.com lowered Transcat from a "hold" rating to a "sell" rating in a research report on Wednesday, February 5th. Oppenheimer lowered Transcat from an "outperform" rating to a "market perform" rating in a research report on Wednesday, January 29th. Northland Securities reaffirmed 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. Finally, HC Wainwright cut their target price on Transcat from $126.00 to $106.00 and set a "buy" rating on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $111.50.

Transcat Stock Up 4.7%

NASDAQ:TRNS traded up $3.67 during trading hours on Monday, hitting $82.39. 76,867 shares of the company's stock traded hands, compared to its average volume of 76,768. The firm has a market cap of $766.97 million, a P/E ratio of 44.54 and a beta of 0.69. Transcat, Inc. has a twelve month low of $67.56 and a twelve month high of $147.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.42. The stock's fifty day moving average price is $77.04 and its two-hundred day moving average price is $90.54.

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.