Transcat, Inc. (TRNS) Holdings Boosted by Vanguard Group Inc

Vanguard Group Inc boosted its holdings in shares of Transcat, Inc. (NASDAQ:TRNS) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 253,133 shares of the scientific and technical instruments company’s stock after buying an additional 3,945 shares during the quarter. Vanguard Group Inc owned approximately 3.52% of Transcat worth $5,785,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bridgeway Capital Management Inc. acquired a new position in shares of Transcat in the third quarter valued at approximately $505,000. Wagner Bowman Management Corp bought a new stake in Transcat during the third quarter worth $372,000. Wedge Capital Management L L P NC lifted its stake in Transcat by 32.1% during the third quarter. Wedge Capital Management L L P NC now owns 33,021 shares of the scientific and technical instruments company’s stock worth $755,000 after purchasing an additional 8,021 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Transcat by 13.9% during the third quarter. Renaissance Technologies LLC now owns 85,381 shares of the scientific and technical instruments company’s stock worth $1,951,000 after purchasing an additional 10,400 shares during the last quarter. Finally, Thomson Horstmann & Bryant Inc. bought a new stake in Transcat during the third quarter worth $5,370,000. 58.01% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Gary J. Haseley purchased 3,500 shares of the stock in a transaction dated Tuesday, November 20th. The stock was acquired at an average cost of $20.43 per share, for a total transaction of $71,505.00. Following the acquisition, the director now owns 20,150 shares of the company’s stock, valued at $411,664.50. The acquisition was disclosed in a filing with the SEC, which is available at this link. 8.80% of the stock is currently owned by insiders.

Shares of NASDAQ TRNS traded down $0.36 during mid-day trading on Monday, hitting $23.51. 5,143 shares of the company were exchanged, compared to its average volume of 26,063. The company has a market cap of $172.08 million, a PE ratio of 33.11, a P/E/G ratio of 3.47 and a beta of 0.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.16 and a quick ratio of 1.45. Transcat, Inc. has a 1-year low of $13.90 and a 1-year high of $25.35.

Transcat (NASDAQ:TRNS) last announced its earnings results on Monday, February 4th. The scientific and technical instruments company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.05). Transcat had a net margin of 4.37% and a return on equity of 12.05%. The business had revenue of $40.87 million during the quarter, compared to analyst estimates of $43.30 million. Analysts anticipate that Transcat, Inc. will post 0.86 earnings per share for the current fiscal year.

A number of brokerages have recently commented on TRNS. Zacks Investment Research cut Transcat from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. ValuEngine upgraded Transcat from a “hold” rating to a “buy” rating in a report on Monday, February 4th.

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Transcat Company Profile

Transcat, Inc provides calibration and laboratory instrument services in North America and internationally. It operates in two segments, Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.

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Institutional Ownership by Quarter for Transcat (NASDAQ:TRNS)

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