Transcat, Inc. $TRNS Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lessened its stake in Transcat, Inc. (NASDAQ:TRNS) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 191,580 shares of the scientific and technical instruments company’s stock after selling 36,985 shares during the quarter. Granahan Investment Management LLC owned approximately 2.05% of Transcat worth $10,868,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TRNS. Lazard Asset Management LLC acquired a new stake in shares of Transcat in the 2nd quarter valued at about $54,000. Tower Research Capital LLC TRC raised its stake in shares of Transcat by 245.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,123 shares of the scientific and technical instruments company’s stock valued at $97,000 after purchasing an additional 798 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Transcat by 42.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,530 shares of the scientific and technical instruments company’s stock valued at $112,000 after purchasing an additional 458 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Transcat by 79.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,634 shares of the scientific and technical instruments company’s stock valued at $120,000 after purchasing an additional 722 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Transcat in the 4th quarter valued at about $236,000. Institutional investors and hedge funds own 98.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Transcat from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings upgraded shares of Transcat from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.33.

Transcat Price Performance

TRNS opened at $90.63 on Wednesday. The firm has a market cap of $846.57 million, a price-to-earnings ratio of 156.26 and a beta of 0.71. Transcat, Inc. has a fifty-two week low of $50.23 and a fifty-two week high of $94.76. The company’s 50-day moving average price is $80.33 and its 200 day moving average price is $71.49. The company has a quick ratio of 1.99, a current ratio of 2.33 and a debt-to-equity ratio of 0.33.

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

Transcat 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.