Brokerages Set Transcat, Inc. (NASDAQ:TRNS) Price Target at $111.50

Shares of Transcat, Inc. (NASDAQ:TRNS) have been given an average rating of “Hold” by the five ratings firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $111.50.

Several equities research analysts have recently weighed in on TRNS shares. Northland Securities reissued a “market perform” rating and issued a $85.00 price objective (down from $110.00) on shares of Transcat in a research report on Wednesday, January 29th. Craig Hallum increased their price objective on Transcat from $113.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. StockNews.com cut Transcat from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. Oppenheimer cut Transcat from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 29th. Finally, HC Wainwright reduced their price objective on Transcat from $126.00 to $106.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th.

Insider Activity at Transcat

In other news, Director Craig D. Cairns bought 1,200 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of $77.02 per share, for a total transaction of $92,424.00. Following the completion of the purchase, the director now owns 1,910 shares of the company’s stock, valued at $147,108.20. This trade represents a 169.01 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TRNS. Jones Financial Companies Lllp raised its stake in Transcat by 686.7% during the fourth quarter. Jones Financial Companies Lllp now owns 354 shares of the scientific and technical instruments company’s stock worth $37,000 after acquiring an additional 309 shares in the last quarter. Aquatic Capital Management LLC raised its stake in Transcat by 1,052.0% during the fourth quarter. Aquatic Capital Management LLC now owns 1,152 shares of the scientific and technical instruments company’s stock worth $122,000 after acquiring an additional 1,052 shares in the last quarter. Morgan Dempsey Capital Management LLC acquired a new position in Transcat during the fourth quarter worth $143,000. SG Americas Securities LLC acquired a new position in Transcat during the fourth quarter worth $182,000. Finally, US Bancorp DE raised its stake in Transcat by 15.6% during the third quarter. US Bancorp DE now owns 1,547 shares of the scientific and technical instruments company’s stock worth $187,000 after acquiring an additional 209 shares in the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Transcat Stock Down 1.6 %

Shares of Transcat stock opened at $79.52 on Friday. The stock has a market capitalization of $740.25 million, a P/E ratio of 42.98 and a beta of 0.67. The company has a quick ratio of 1.98, a current ratio of 2.42 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average price of $93.04 and a two-hundred day moving average price of $107.90. Transcat has a 12-month low of $73.37 and a 12-month high of $147.12.

Transcat (NASDAQ:TRNS) last announced its 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 return on equity of 7.23% and a net margin of 6.22%. During the same quarter in the previous year, the company earned $0.56 earnings per share. Equities analysts expect that Transcat will post 2.3 earnings per share for the current year.

About Transcat

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.