Transcat (NASDAQ:TRNS) had its target price lifted by Singular Research from $15.30 to $20.00 in a research report released on Monday morning. The firm currently has a buy rating on the scientific and technical instruments company’s stock.
Separately, Zacks Investment Research upgraded Transcat from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research report on Saturday, February 3rd.
Transcat (NASDAQ:TRNS) opened at $15.25 on Monday. The company has a current ratio of 2.24, a quick ratio of 1.53 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $111.94, a PE ratio of 24.45, a PEG ratio of 2.96 and a beta of 0.40. Transcat has a 1 year low of $11.02 and a 1 year high of $16.49.
A number of hedge funds have recently modified their holdings of TRNS. Northern Trust Corp boosted its holdings in Transcat by 9.5% during the 2nd quarter. Northern Trust Corp now owns 18,062 shares of the scientific and technical instruments company’s stock valued at $220,000 after acquiring an additional 1,570 shares during the period. Vanguard Group Inc. boosted its holdings in Transcat by 3.4% during the 2nd quarter. Vanguard Group Inc. now owns 133,579 shares of the scientific and technical instruments company’s stock valued at $1,623,000 after acquiring an additional 4,450 shares during the period. QCI Asset Management Inc. NY boosted its holdings in Transcat by 31.1% during the 3rd quarter. QCI Asset Management Inc. NY now owns 32,234 shares of the scientific and technical instruments company’s stock valued at $437,000 after acquiring an additional 7,647 shares during the period. Quantum Capital Management purchased a new stake in Transcat during the 3rd quarter valued at about $696,000. Finally, Ameriprise Financial Inc. purchased a new stake in Transcat during the 3rd quarter valued at about $2,484,000. Institutional investors own 56.53% of the company’s stock.
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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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