Transcat, Inc. $TRNS Stake Boosted by Riverbridge Partners LLC

Riverbridge Partners LLC boosted its holdings in shares of Transcat, Inc. (NASDAQ:TRNS) by 8.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 219,452 shares of the scientific and technical instruments company’s stock after buying an additional 17,063 shares during the quarter. Riverbridge Partners LLC owned approximately 2.34% of Transcat worth $19,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TRNS. Integrated Wealth Concepts LLC acquired a new stake in shares of Transcat in the second quarter valued at approximately $32,000. Persistent Asset Partners Ltd bought a new position in shares of Transcat during the 2nd quarter worth approximately $52,000. GAMMA Investing LLC boosted its stake in shares of Transcat by 133.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,030 shares of the scientific and technical instruments company’s stock worth $91,000 after acquiring an additional 589 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Transcat during the 2nd quarter worth approximately $204,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Transcat during the 3rd quarter worth approximately $221,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Insider Activity

In other Transcat news, CEO Jaime A. Irick purchased 2,275 shares of the firm’s stock in a transaction that occurred on Thursday, November 5th. The shares were acquired at an average cost of $101.26 per share, for a total transaction of $230,366.50. Following the completion of the purchase, the chief executive officer owned 2,275 shares of the company’s stock, valued at approximately $230,366.50. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Transcat Stock Performance

TRNS opened at $106.61 on Wednesday. The business has a fifty day simple moving average of $87.82 and a 200 day simple moving average of $82.87. The company has a market capitalization of $1.00 billion, a PE ratio of 222.11 and a beta of 0.61. Transcat, Inc. has a 1 year low of $50.23 and a 1 year high of $112.44. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.57 and a quick ratio of 2.19.

Transcat (NASDAQ:TRNS) last issued its quarterly earnings data on Tuesday, November 3rd. The scientific and technical instruments company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.19. Transcat had a return on equity of 6.14% and a net margin of 1.26%. The firm had revenue of $97.09 million for the quarter, compared to analyst estimates of $92.46 million. Research analysts expect that Transcat, Inc. will post 2.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TRNS shares. Oppenheimer raised Transcat from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Wednesday, November 4th. CJS Securities started coverage on shares of Transcat in a research note on Tuesday, October 27th. They set an “outperform” rating and a $115.00 target price for the company. Northland Securities raised shares of Transcat from a “market perform” rating to an “outperform” rating and set a $95.00 target price for the company in a report on Wednesday, October 21st. Zacks Research upgraded shares of Transcat from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Transcat in a report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.33.

Transcat Company Profile

Transcat, Inc. provides calibration and related services, including instrument repair, inspection and compliance support. Its services help customers maintain the accuracy and reliability of equipment used in regulated and quality-sensitive operations. The company also distributes professional-grade test, measurement and control instruments from a range of manufacturers. Its offerings include equipment used to measure and monitor variables such as pressure, temperature, electrical signals and humidity.