Transcat, Inc. (NASDAQ:TRNS) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analyst consensus "Hold": Five analysts cover Transcat with a split view (two sell, two buy, one strong buy) and an average 1‑year price target of $105.33.
• Recent results and valuation: Transcat reported quarterly EPS of $0.26 (missing the $0.30 consensus) while revenue of $83.86M beat estimates, and the stock trades around $81.22 with a P/E of 95.55 and a $758M market cap.
• Heavy institutional ownership and buying: Institutional investors own 98.34% of the shares, with several large funds (JPMorgan, SG Americas, Bamco, ArrowMark, Roubaix) recently increasing or initiating positions.

Transcat, Inc. (NASDAQ:TRNS - Get Free Report) has been assigned a consensus rating of "Hold" from the five research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $105.3333.

A number of equities analysts recently issued reports on the company. Weiss Ratings reiterated a "sell (d+)" rating on shares of Transcat in a report on Monday, December 29th. Zacks Research cut Transcat from a "hold" rating to a "strong sell" rating in a report on Monday, April 6th.

Hedge Funds Weigh In On Transcat

Large investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Transcat by 112.6% in the 4th quarter. SG Americas Securities LLC now owns 27,732 shares of the scientific and technical instruments company's stock worth $1,573,000 after purchasing an additional 14,688 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Transcat by 259.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,719 shares of the scientific and technical instruments company's stock valued at $2,249,000 after acquiring an additional 22,164 shares in the last quarter. Roubaix Capital LLC bought a new position in Transcat during the 3rd quarter valued at $2,309,000. Bamco Inc. NY lifted its stake in Transcat by 14.2% during the 3rd quarter. Bamco Inc. NY now owns 191,566 shares of the scientific and technical instruments company's stock valued at $14,023,000 after acquiring an additional 23,853 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its stake in Transcat by 45.4% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 85,371 shares of the scientific and technical instruments company's stock valued at $6,249,000 after acquiring an additional 26,659 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

Transcat Trading Up 0.9%

TRNS opened at $81.22 on Friday. Transcat has a 1-year low of $50.23 and a 1-year high of $97.08. The company has a current ratio of 2.21, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $757.95 million, a P/E ratio of 95.55 and a beta of 0.71. The company has a fifty day moving average price of $74.92 and a two-hundred day moving average price of $67.02.

Transcat (NASDAQ:TRNS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). Transcat had a net margin of 2.47% and a return on equity of 6.15%. The company had revenue of $83.86 million during the quarter, compared to the consensus estimate of $80.99 million. Analysts predict that Transcat will post 2.3 EPS for the current fiscal year.

Transcat Company Profile

Transcat, Inc NASDAQ: TRNS is a leading provider of calibration, laboratory, and metrology services in North America. Founded in 1964 and headquartered in Ronkonkoma, New York, the company specializes in ensuring the accuracy and compliance of measurement instruments across a wide range of industries. Transcat operates a network of ISO/IEC 17025–accredited laboratories and offers on-site field calibration, instrument repair, and preventive maintenance services.

In addition to its calibration services, Transcat distributes precision instrumentation and related software solutions from top manufacturers.

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