Needham Investment Management LLC boosted its stake in shares of Transcat, Inc. (NASDAQ:TRNS - Free Report) by 28.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,700 shares of the scientific and technical instruments company's stock after buying an additional 11,200 shares during the quarter. Needham Investment Management LLC owned 0.54% of Transcat worth $5,361,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of TRNS. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Transcat by 178.0% in 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 purchasing an additional 332,064 shares in the last quarter. Champlain Investment Partners LLC lifted its holdings in shares of Transcat by 35.7% in 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 purchasing an additional 146,150 shares in the last quarter. Granahan Investment Management LLC lifted its stake in shares of Transcat by 132.0% during the fourth quarter. Granahan Investment Management LLC now owns 188,763 shares of the scientific and technical instruments company's stock valued at $19,960,000 after buying an additional 107,389 shares during the period. Bessemer Group Inc. lifted its stake in shares of Transcat by 1,692.4% during the fourth quarter. Bessemer Group Inc. now owns 109,608 shares of the scientific and technical instruments company's stock valued at $11,590,000 after buying an additional 103,493 shares during the period. Finally, Osterweis Capital Management Inc. purchased a new position in shares of Transcat during the fourth quarter valued at approximately $9,460,000. Hedge funds and other institutional investors own 98.34% of the company's stock.
Transcat Trading Up 0.4%
NASDAQ:TRNS traded up $0.36 during trading hours on Friday, reaching $81.25. 188,080 shares of the company were exchanged, compared to its average volume of 78,566. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.42 and a quick ratio of 1.98. The firm has a market cap of $756.36 million, a price-to-earnings ratio of 43.92 and a beta of 0.69. Transcat, Inc. has a 52-week low of $67.56 and a 52-week high of $147.12. The stock has a 50 day simple moving average of $77.46 and a 200 day simple moving average of $90.13.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on TRNS. Northland Securities reissued a "market perform" rating and set a $85.00 price objective (down previously from $110.00) on shares of Transcat in a research note on Wednesday, January 29th. Oppenheimer downgraded shares of Transcat from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Transcat from a "hold" rating to a "sell" rating in a research note on Wednesday, February 5th. Finally, HC Wainwright reduced their price objective on shares of Transcat from $126.00 to $106.00 and set a "buy" rating on the stock in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $111.50.
Check Out Our Latest Analysis on Transcat
Transcat Profile
(
Free Report)
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.
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