Transcat, Inc. (TRNS) Position Raised by QCI Asset Management Inc. NY

QCI Asset Management Inc. NY boosted its position in Transcat, Inc. (NASDAQ:TRNS) by 31.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,234 shares of the scientific and technical instruments company’s stock after purchasing an additional 7,647 shares during the period. QCI Asset Management Inc. NY owned about 0.45% of Transcat worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in TRNS. Punch & Associates Investment Management Inc. lifted its position in Transcat by 16.8% in the second quarter. Punch & Associates Investment Management Inc. now owns 314,658 shares of the scientific and technical instruments company’s stock valued at $3,823,000 after purchasing an additional 45,308 shares during the period. Neuberger Berman Group LLC increased its holdings in Transcat by 3.1% in the second quarter. Neuberger Berman Group LLC now owns 164,993 shares of the scientific and technical instruments company’s stock valued at $2,005,000 after buying an additional 4,900 shares in the last quarter. Vanguard Group Inc. increased its holdings in Transcat by 3.4% in the second quarter. Vanguard Group Inc. now owns 133,579 shares of the scientific and technical instruments company’s stock valued at $1,623,000 after buying an additional 4,450 shares in the last quarter. WCM Investment Management CA increased its holdings in Transcat by 0.7% in the second quarter. WCM Investment Management CA now owns 480,332 shares of the scientific and technical instruments company’s stock valued at $5,836,000 after buying an additional 3,545 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Transcat by 9.5% in the second quarter. Northern Trust Corp now owns 18,062 shares of the scientific and technical instruments company’s stock valued at $220,000 after buying an additional 1,570 shares in the last quarter. Hedge funds and other institutional investors own 59.46% of the company’s stock.

Separately, Dougherty & Co began coverage on shares of Transcat in a report on Wednesday, August 23rd. They issued a “buy” rating and a $20.00 target price for the company.

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Shares of Transcat, Inc. (NASDAQ TRNS) traded up $0.03 during trading on Monday, reaching $12.50. 2,000 shares of the company’s stock were exchanged, compared to its average volume of 13,216. Transcat, Inc. has a 12 month low of $10.15 and a 12 month high of $15.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.53 and a current ratio of 2.24. The stock has a market capitalization of $89.27, a PE ratio of 20.49, a PEG ratio of 3.00 and a beta of 0.38.

Transcat Company Profile

Transcat, Inc is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak).

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Institutional Ownership by Quarter for Transcat (NASDAQ:TRNS)

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