Transcat, Inc. $TRNS Holdings Decreased by Roubaix Capital LLC

Roubaix Capital LLC trimmed its position in Transcat, Inc. (NASDAQ:TRNS) by 26.8% in the first quarter, Holdings Channel.com reports. The fund owned 84,982 shares of the scientific and technical instruments company’s stock after selling 31,129 shares during the period. Transcat makes up approximately 2.9% of Roubaix Capital LLC’s investment portfolio, making the stock its 11th largest position. Roubaix Capital LLC’s holdings in Transcat were worth $6,242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Transcat by 677.7% in the fourth quarter. Wellington Management Group LLP now owns 248,539 shares of the scientific and technical instruments company’s stock worth $14,100,000 after acquiring an additional 216,579 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Transcat during the fourth quarter valued at approximately $7,259,000. King Luther Capital Management Corp raised its holdings in shares of Transcat by 182.3% during the fourth quarter. King Luther Capital Management Corp now owns 103,750 shares of the scientific and technical instruments company’s stock valued at $5,886,000 after buying an additional 67,000 shares during the last quarter. Royce & Associates LP boosted its position in shares of Transcat by 15.3% during the fourth quarter. Royce & Associates LP now owns 390,546 shares of the scientific and technical instruments company’s stock worth $22,156,000 after buying an additional 51,774 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of Transcat by 109.7% during the fourth quarter. Renaissance Technologies LLC now owns 95,200 shares of the scientific and technical instruments company’s stock worth $5,401,000 after buying an additional 49,800 shares during the period. 98.34% of the stock is owned by institutional investors and hedge funds.

Transcat Price Performance

NASDAQ TRNS opened at $87.90 on Friday. The company has a quick ratio of 1.99, a current ratio of 2.33 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $820.99 million, a PE ratio of 151.55 and a beta of 0.69. Transcat, Inc. has a 12-month low of $50.23 and a 12-month high of $95.22. The company has a 50 day moving average price of $85.88 and a two-hundred day moving average price of $76.82.

Transcat (NASDAQ:TRNS) last released its quarterly earnings results on Tuesday, May 26th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.05. Transcat had a net margin of 1.62% and a return on equity of 5.84%. The business had revenue of $89.33 million for the quarter, compared to the consensus estimate of $89.79 million. As a group, equities analysts predict that Transcat, Inc. will post 1.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

TRNS has been the topic of several recent analyst reports. Weiss Ratings upgraded Transcat from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Zacks Research raised Transcat from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Wall Street Zen raised shares of Transcat from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

Transcat Company Profile

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.