Transcat, Inc. (NASDAQ:TRNS) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC increased its holdings in Transcat, Inc. (NASDAQ:TRNS) by 127.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,136 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,314 shares during the quarter. Virtu Financial LLC’s holdings in Transcat were worth $499,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TRNS. Conestoga Capital Advisors LLC raised its stake in Transcat by 17.9% during the third quarter. Conestoga Capital Advisors LLC now owns 907,191 shares of the scientific and technical instruments company’s stock valued at $109,561,000 after buying an additional 137,830 shares in the last quarter. Calamos Advisors LLC raised its stake in Transcat by 76.0% during the second quarter. Calamos Advisors LLC now owns 15,441 shares of the scientific and technical instruments company’s stock valued at $1,848,000 after buying an additional 6,667 shares in the last quarter. Millrace Asset Group Inc. acquired a new stake in Transcat during the third quarter valued at approximately $655,000. Champlain Investment Partners LLC raised its stake in Transcat by 22.1% during the third quarter. Champlain Investment Partners LLC now owns 409,500 shares of the scientific and technical instruments company’s stock valued at $49,455,000 after buying an additional 74,169 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in Transcat by 26.4% during the second quarter. First Horizon Advisors Inc. now owns 599 shares of the scientific and technical instruments company’s stock valued at $72,000 after buying an additional 125 shares in the last quarter. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TRNS. Craig Hallum upped their price objective on Transcat from $113.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday. Oppenheimer restated an “outperform” rating and set a $130.00 price objective (down previously from $155.00) on shares of Transcat in a research note on Wednesday, October 30th. HC Wainwright restated a “buy” rating and set a $156.00 price objective on shares of Transcat in a research note on Tuesday, October 29th. StockNews.com cut Transcat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. Finally, Northland Securities dropped their price target on Transcat from $130.00 to $110.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $130.25.

Transcat Trading Down 1.9 %

Shares of Transcat stock opened at $109.12 on Monday. The business’s 50 day simple moving average is $111.36 and its 200-day simple moving average is $119.31. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 55.11 and a beta of 0.70. Transcat, Inc. has a twelve month low of $94.29 and a twelve month high of $147.12.

Transcat (NASDAQ:TRNS) last issued its quarterly earnings data on Monday, October 28th. The scientific and technical instruments company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.12). Transcat had a return on equity of 7.36% and a net margin of 6.63%. The business had revenue of $67.83 million during the quarter, compared to the consensus estimate of $70.30 million. During the same period last year, the company earned $0.41 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts predict that Transcat, Inc. will post 1.76 earnings per share for the current year.

Transcat Company Profile

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.