Transcat, Inc. $TRNS Stock Holdings Increased by King Luther Capital Management Corp

King Luther Capital Management Corp boosted its holdings in Transcat, Inc. (NASDAQ:TRNS) by 182.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,750 shares of the scientific and technical instruments company’s stock after purchasing an additional 67,000 shares during the quarter. King Luther Capital Management Corp owned approximately 1.11% of Transcat worth $5,886,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Royce & Associates LP lifted its holdings in Transcat by 15.3% in 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 acquiring an additional 51,774 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Transcat by 600.4% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 43,802 shares of the scientific and technical instruments company’s stock worth $2,485,000 after acquiring an additional 37,548 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Transcat in the fourth quarter worth about $7,259,000. Kornitzer Capital Management Inc. KS lifted its holdings in Transcat by 3.7% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 58,780 shares of the scientific and technical instruments company’s stock worth $3,335,000 after acquiring an additional 2,080 shares during the last quarter. Finally, Comerica Bank increased its position in Transcat by 2.0% in the fourth quarter. Comerica Bank now owns 86,778 shares of the scientific and technical instruments company’s stock worth $4,923,000 after buying an additional 1,680 shares during the period. Institutional investors own 98.34% of the company’s stock.

Transcat Trading Down 1.7%

Transcat stock opened at $78.96 on Friday. The firm has a 50 day simple moving average of $75.99 and a 200-day simple moving average of $68.28. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.21 and a quick ratio of 1.85. The stock has a market capitalization of $736.70 million, a PE ratio of 136.14 and a beta of 0.68. Transcat, Inc. has a 12-month low of $50.23 and a 12-month high of $91.45.

Transcat (NASDAQ:TRNS) last announced its quarterly earnings data on Tuesday, May 26th. The scientific and technical instruments company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.05. The business had revenue of $89.33 million during the quarter, compared to analyst estimates of $89.79 million. Transcat had a return on equity of 5.87% and a net margin of 1.62%. As a group, equities research analysts expect that Transcat, Inc. will post 1.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on TRNS. Weiss Ratings reiterated a “sell (d)” rating on shares of Transcat in a research note on Monday, May 4th. Zacks Research raised shares of Transcat from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $105.33.

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.