Transcat, Inc. $TRNS Shares Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lifted its position in shares of Transcat, Inc. (NASDAQ:TRNS) by 49.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,502 shares of the scientific and technical instruments company’s stock after purchasing an additional 11,702 shares during the period. Rice Hall James & Associates LLC owned about 0.38% of Transcat worth $2,014,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Transcat during the second quarter worth $54,000. Tower Research Capital LLC TRC lifted its position in shares of Transcat by 245.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the scientific and technical instruments company’s stock worth $97,000 after purchasing an additional 798 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Transcat by 42.7% during the third quarter. PNC Financial Services Group Inc. now owns 1,530 shares of the scientific and technical instruments company’s stock worth $112,000 after purchasing an additional 458 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Transcat by 79.2% during the third quarter. Jones Financial Companies Lllp now owns 1,634 shares of the scientific and technical instruments company’s stock worth $120,000 after purchasing an additional 722 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Transcat during the fourth quarter worth $236,000. 98.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on TRNS shares. Zacks Research raised shares of Transcat from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings raised shares of Transcat from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Transcat currently has an average rating of “Moderate Buy” and an average target price of $105.33.

Transcat Trading Down 1.1%

TRNS opened at $90.63 on Wednesday. The stock has a market capitalization of $846.57 million, a PE ratio of 156.26 and a beta of 0.71. The firm’s fifty day moving average price is $80.33 and its 200 day moving average price is $71.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.33 and a quick ratio of 1.99. Transcat, Inc. has a 12-month low of $50.23 and a 12-month high of $94.76.

Transcat (NASDAQ:TRNS) last posted its quarterly earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.05. The firm had revenue of $89.33 million for the quarter, compared to analysts’ expectations of $89.79 million. Transcat had a net margin of 1.62% and a return on equity of 5.84%. As a group, research analysts expect that Transcat, Inc. will post 1.71 EPS for the current fiscal year.

About Transcat

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.