King Luther Capital Management Corp Acquires 25,000 Shares of Transcat, Inc. $TRNS

King Luther Capital Management Corp boosted its holdings in Transcat, Inc. (NASDAQ:TRNS) by 212.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,750 shares of the scientific and technical instruments company’s stock after purchasing an additional 25,000 shares during the quarter. King Luther Capital Management Corp owned 0.39% of Transcat worth $2,690,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TRNS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Transcat by 6.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,462 shares of the scientific and technical instruments company’s stock worth $407,000 after purchasing an additional 325 shares during the period. Jane Street Group LLC acquired a new stake in Transcat during the first quarter worth approximately $1,674,000. Linden Thomas Advisory Services LLC increased its stake in Transcat by 42.8% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 10,387 shares of the scientific and technical instruments company’s stock worth $893,000 after acquiring an additional 3,114 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Transcat by 220.4% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,249 shares of the scientific and technical instruments company’s stock valued at $1,397,000 after acquiring an additional 11,178 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Transcat by 151.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 40,818 shares of the scientific and technical instruments company’s stock valued at $3,509,000 after acquiring an additional 24,602 shares in the last quarter. Institutional investors own 98.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TRNS. Zacks Research lowered Transcat from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Transcat in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $105.33.

Transcat Trading Up 0.4%

Shares of TRNS opened at $78.30 on Friday. Transcat, Inc. has a 52-week low of $50.23 and a 52-week high of $97.08. The business’s fifty day moving average is $64.85 and its 200-day moving average is $68.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.21. The firm has a market cap of $730.70 million, a price-to-earnings ratio of 92.12 and a beta of 0.79.

Transcat (NASDAQ:TRNS) last announced its quarterly earnings data on Tuesday, February 3rd. The scientific and technical instruments company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.04). The business had revenue of $83.86 million for the quarter, compared to the consensus estimate of $80.99 million. Transcat had a return on equity of 6.15% and a net margin of 2.47%. Equities analysts anticipate that Transcat, Inc. will post 2.3 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.