Riverbridge Partners LLC Has $29.81 Million Stock Position in Transcat, Inc. $TRNS

Riverbridge Partners LLC lowered its stake in Transcat, Inc. (NASDAQ:TRNS) by 7.6% during the third quarter, HoldingsChannel reports. The firm owned 407,213 shares of the scientific and technical instruments company’s stock after selling 33,534 shares during the period. Riverbridge Partners LLC’s holdings in Transcat were worth $29,808,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. White Pine Capital LLC raised its holdings in shares of Transcat by 1.7% during the second quarter. White Pine Capital LLC now owns 10,175 shares of the scientific and technical instruments company’s stock valued at $875,000 after acquiring an additional 171 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Transcat by 3.3% in the second quarter. Arkadios Wealth Advisors now owns 5,814 shares of the scientific and technical instruments company’s stock worth $500,000 after buying an additional 187 shares during the period. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Transcat by 14.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 2,238 shares of the scientific and technical instruments company’s stock valued at $192,000 after buying an additional 288 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Transcat by 6.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,462 shares of the scientific and technical instruments company’s stock valued at $407,000 after buying an additional 325 shares during the period. Finally, Morgan Dempsey Capital Management LLC raised its position in Transcat by 41.7% during the second quarter. Morgan Dempsey Capital Management LLC now owns 1,352 shares of the scientific and technical instruments company’s stock valued at $116,000 after buying an additional 398 shares during the period. 98.34% of the stock is owned by hedge funds and other institutional investors.

Transcat Trading Down 1.2%

Shares of TRNS stock opened at $59.55 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.06 and a current ratio of 2.43. The firm has a fifty day moving average of $61.46 and a 200-day moving average of $73.37. The stock has a market cap of $555.60 million, a price-to-earnings ratio of 48.81 and a beta of 0.79. Transcat, Inc. has a 52-week low of $50.23 and a 52-week high of $111.29.

Transcat (NASDAQ:TRNS) last issued its quarterly earnings data on Monday, November 3rd. The scientific and technical instruments company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.02). The firm had revenue of $82.27 million for the quarter, compared to the consensus estimate of $79.51 million. Transcat had a return on equity of 6.81% and a net margin of 3.75%. On average, equities research analysts forecast that Transcat, Inc. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Northland Capmk raised Transcat from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 23rd. Zacks Research upgraded shares of Transcat from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 7th. Northland Securities set a $95.00 price target on shares of Transcat in a research report on Thursday, October 23rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Transcat in a report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.33.

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.