Transcat, Inc. (NASDAQ:TRNS) Director John T. Smith sold 2,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $15.70, for a total value of $31,400.00. Following the completion of the sale, the director now directly owns 33,100 shares of the company’s stock, valued at $519,670. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Transcat, Inc. (TRNS) traded up $0.08 on Monday, reaching $15.73. The company’s stock had a trading volume of 28,022 shares, compared to its average volume of 18,128. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.98 and a quick ratio of 1.38. The company has a market cap of $111.94, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.96 and a beta of 0.40. Transcat, Inc. has a 1 year low of $11.02 and a 1 year high of $16.49.
Transcat (NASDAQ:TRNS) last issued its quarterly earnings data on Monday, January 29th. The scientific and technical instruments company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The firm had revenue of $40.48 million during the quarter. Transcat had a return on equity of 10.03% and a net margin of 3.24%. analysts expect that Transcat, Inc. will post 0.66 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Northern Trust Corp increased its holdings in Transcat by 9.5% during the 2nd quarter. Northern Trust Corp now owns 18,062 shares of the scientific and technical instruments company’s stock worth $220,000 after purchasing an additional 1,570 shares in the last quarter. Wedge Capital Management L L P NC bought a new stake in Transcat during the 4th quarter worth approximately $378,000. QCI Asset Management Inc. NY increased its holdings in Transcat by 31.1% during the 3rd quarter. QCI Asset Management Inc. NY now owns 32,234 shares of the scientific and technical instruments company’s stock worth $437,000 after purchasing an additional 7,647 shares in the last quarter. Quantum Capital Management purchased a new position in shares of Transcat in the 3rd quarter worth approximately $696,000. Finally, Vanguard Group Inc. boosted its stake in shares of Transcat by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 133,579 shares of the scientific and technical instruments company’s stock worth $1,623,000 after buying an additional 4,450 shares during the last quarter. 57.12% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on TRNS. Zacks Investment Research lowered Transcat from a “buy” rating to a “hold” rating in a research report on Saturday. Roth Capital began coverage on Transcat in a research report on Friday. They issued a “buy” rating and a $20.00 target price for the company. Finally, Singular Research boosted their target price on Transcat from $15.30 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 5th.
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Transcat, Inc is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak).
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