King Luther Capital Management Corp Buys 25,000 Shares of Transcat, Inc. $TRNS

King Luther Capital Management Corp raised its stake in Transcat, Inc. (NASDAQ:TRNS) by 212.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 36,750 shares of the scientific and technical instruments company’s stock after buying an additional 25,000 shares during the period. King Luther Capital Management Corp’s holdings in Transcat were worth $2,690,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. White Pine Capital LLC lifted its stake in shares of Transcat by 1.7% in the 2nd 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 last quarter. Arkadios Wealth Advisors raised its position in 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 valued at $500,000 after purchasing an additional 187 shares during the last quarter. 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 worth $192,000 after purchasing an additional 288 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of 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 worth $407,000 after purchasing an additional 325 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of Transcat by 4.4% in the third quarter. Linden Thomas Advisory Services LLC now owns 10,840 shares of the scientific and technical instruments company’s stock valued at $793,000 after buying an additional 453 shares during the period. Institutional investors own 98.34% of the company’s stock.

Transcat Stock Performance

NASDAQ:TRNS opened at $78.30 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.21. Transcat, Inc. has a fifty-two week low of $50.23 and a fifty-two week high of $97.08. The company has a 50 day simple moving average of $64.85 and a two-hundred day simple moving average of $68.27. The company has a market capitalization of $730.70 million, a PE ratio of 92.12 and a beta of 0.79.

Transcat (NASDAQ:TRNS) last issued its quarterly earnings results on Tuesday, February 3rd. The scientific and technical instruments company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.04). Transcat had a return on equity of 6.15% and a net margin of 2.47%.The firm had revenue of $83.86 million during the quarter, compared to analyst estimates of $80.99 million. Research analysts anticipate that Transcat, Inc. will post 2.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Transcat in a report on Monday, December 29th. Zacks Research lowered shares of Transcat from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.