Transcat, Inc. (NASDAQ:TRNS) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its stake in Transcat, Inc. (NASDAQ:TRNS - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 114,755 shares of the scientific and technical instruments company's stock after purchasing an additional 7,171 shares during the quarter. Northern Trust Corp owned about 1.23% of Transcat worth $12,134,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of TRNS. Barclays PLC lifted its stake in Transcat by 393.0% in the 3rd quarter. Barclays PLC now owns 15,130 shares of the scientific and technical instruments company's stock worth $1,826,000 after purchasing an additional 12,061 shares in the last quarter. Annex Advisory Services LLC raised its position in shares of Transcat by 47.6% during the 4th quarter. Annex Advisory Services LLC now owns 24,461 shares of the scientific and technical instruments company's stock valued at $2,587,000 after buying an additional 7,893 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Transcat during the 4th quarter valued at about $182,000. Linden Thomas Advisory Services LLC raised its position in shares of Transcat by 23.2% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,477 shares of the scientific and technical instruments company's stock valued at $685,000 after buying an additional 1,219 shares in the last quarter. Finally, Catawba River Capital raised its position in shares of Transcat by 2.2% during the 4th quarter. Catawba River Capital now owns 67,300 shares of the scientific and technical instruments company's stock valued at $7,116,000 after buying an additional 1,473 shares in the last quarter. Hedge funds and other institutional investors own 98.34% of the company's stock.

Analyst Ratings Changes

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

Transcat Stock Performance

Shares of Transcat stock traded up $1.24 during trading on Thursday, hitting $91.63. 141,424 shares of the company's stock were exchanged, compared to its average volume of 82,091. 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 business has a 50-day simple moving average of $79.06 and a 200-day simple moving average of $89.79. Transcat, Inc. has a 52-week low of $67.56 and a 52-week high of $147.12. The stock has a market capitalization of $852.98 million, a price-to-earnings ratio of 49.53 and a beta of 0.69.

Transcat (NASDAQ:TRNS - Get Free Report) last released its quarterly earnings results on Monday, May 19th. The scientific and technical instruments company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). Transcat had a net margin of 6.22% and a return on equity of 7.23%. The firm had revenue of $77.13 million for the quarter, compared to analyst estimates of $76.40 million. The business's revenue was up 8.8% compared to the same quarter last year. On average, research analysts forecast that Transcat, Inc. will post 2.3 EPS for the current year.

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.