Transcat (NASDAQ:TRNS) Receives “Market Perform” Rating from Northland Securities

Northland Securities reaffirmed their market perform rating on shares of Transcat (NASDAQ:TRNS) in a research note released on Wednesday morning,Benzinga reports. They currently have a $85.00 target price on the scientific and technical instruments company’s stock, down from their prior target price of $110.00.

Several other equities research analysts also recently weighed in on the stock. Craig Hallum raised their price target on shares of Transcat from $113.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Oppenheimer lowered Transcat from an “outperform” rating to a “market perform” rating in a report on Wednesday. HC Wainwright reaffirmed a “buy” rating and set a $156.00 price objective on shares of Transcat in a research report on Tuesday, October 29th. Finally, StockNews.com upgraded Transcat from a “sell” rating to a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.50.

Transcat Trading Down 15.1 %

Shares of NASDAQ:TRNS opened at $73.50 on Wednesday. The stock has a fifty day simple moving average of $104.40 and a two-hundred day simple moving average of $114.81. Transcat has a 12-month low of $73.37 and a 12-month high of $147.12. The stock has a market capitalization of $676.20 million, a price-to-earnings ratio of 37.12 and a beta of 0.71.

Transcat (NASDAQ:TRNS) last announced its quarterly earnings results on Monday, January 27th. The scientific and technical instruments company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.07. Transcat had a net margin of 6.63% and a return on equity of 7.36%. During the same period in the previous year, the business posted $0.56 EPS. As a group, equities research analysts predict that Transcat will post 2.44 EPS for the current year.

Institutional Investors Weigh In On Transcat

A number of large investors have recently made changes to their positions in the company. Sei Investments Co. grew its position in Transcat by 47.0% during the second quarter. Sei Investments Co. now owns 7,805 shares of the scientific and technical instruments company’s stock valued at $934,000 after buying an additional 2,495 shares during the period. Marshall Wace LLP boosted its stake in shares of Transcat by 59.4% during the 2nd quarter. Marshall Wace LLP now owns 8,267 shares of the scientific and technical instruments company’s stock worth $989,000 after acquiring an additional 3,080 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Transcat by 8.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,312 shares of the scientific and technical instruments company’s stock valued at $396,000 after acquiring an additional 263 shares during the period. Diversified Trust Co increased its stake in shares of Transcat by 34.6% in the 3rd quarter. Diversified Trust Co now owns 3,985 shares of the scientific and technical instruments company’s stock worth $481,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Annex Advisory Services LLC increased its stake in shares of Transcat by 61.4% in the 3rd quarter. Annex Advisory Services LLC now owns 16,568 shares of the scientific and technical instruments company’s stock worth $2,001,000 after purchasing an additional 6,304 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors.

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.