First Trust Advisors LP Has $16.20 Million Stock Holdings in Transcat, Inc. (NASDAQ:TRNS)

First Trust Advisors LP grew its holdings in shares of Transcat, Inc. (NASDAQ:TRNS - Free Report) by 133.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,196 shares of the scientific and technical instruments company's stock after buying an additional 87,568 shares during the period. First Trust Advisors LP owned 1.65% of Transcat worth $16,199,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Champlain Investment Partners LLC increased its position in Transcat by 35.7% in the 4th 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 acquiring an additional 146,150 shares during the period. Osterweis Capital Management Inc. acquired a new stake in shares of Transcat in the 4th quarter worth approximately $9,460,000. XTX Topco Ltd bought a new position in shares of Transcat in the fourth quarter valued at approximately $326,000. Barclays PLC raised its holdings in Transcat by 7.3% during the fourth quarter. Barclays PLC now owns 16,234 shares of the scientific and technical instruments company's stock worth $1,717,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Neuberger Berman Group LLC lifted its position in 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 purchasing an additional 15,723 shares during the period. Institutional investors own 98.34% of the company's stock.

Transcat Trading Up 1.9 %

Shares of Transcat stock traded up $1.51 on Friday, reaching $81.16. 14,461 shares of the company were exchanged, compared to its average volume of 74,995. Transcat, Inc. has a fifty-two week low of $67.56 and a fifty-two week high of $147.12. The firm has a market capitalization of $755.52 million, a price-to-earnings ratio of 43.87 and a beta of 0.69. The company has a current ratio of 2.42, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average price of $76.95 and a 200-day moving average price of $93.36.

Transcat (NASDAQ:TRNS - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.07. Transcat had a return on equity of 7.23% and a net margin of 6.22%. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, analysts expect that Transcat, Inc. will post 2.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Oppenheimer downgraded Transcat from an "outperform" rating to a "market perform" rating in a research note on Wednesday, January 29th. Northland Securities reiterated a "market perform" rating and issued a $85.00 price target (down from $110.00) on shares of Transcat in a research report on Wednesday, January 29th. HC Wainwright reduced their price objective on shares of Transcat from $126.00 to $106.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Transcat from a "hold" rating to a "sell" rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $111.50.

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.