Neuberger Berman Group LLC Has $92.42 Million Holdings in Transcat, Inc. (NASDAQ:TRNS)

Neuberger Berman Group LLC boosted its holdings in Transcat, Inc. (NASDAQ:TRNS) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 873,985 shares of the scientific and technical instruments company’s stock after acquiring an additional 15,723 shares during the quarter. Neuberger Berman Group LLC owned 0.09% of Transcat worth $92,415,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in Transcat by 8.1% in the third quarter. State Street Corp now owns 207,230 shares of the scientific and technical instruments company’s stock valued at $25,027,000 after purchasing an additional 15,514 shares in the last quarter. Geode Capital Management LLC increased its holdings in Transcat by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 217,473 shares of the scientific and technical instruments company’s stock valued at $26,269,000 after buying an additional 11,106 shares during the period. Annex Advisory Services LLC increased its holdings in Transcat by 47.6% in the 4th quarter. Annex Advisory Services LLC now owns 24,461 shares of the scientific and technical instruments company’s stock valued at $2,587,000 after buying an additional 7,893 shares during the period. Barclays PLC increased its holdings in Transcat by 393.0% in the 3rd quarter. Barclays PLC now owns 15,130 shares of the scientific and technical instruments company’s stock valued at $1,826,000 after buying an additional 12,061 shares during the period. Finally, Rhumbline Advisers grew its holdings in shares of Transcat by 4.1% during the 4th quarter. Rhumbline Advisers now owns 12,348 shares of the scientific and technical instruments company’s stock valued at $1,306,000 after purchasing an additional 486 shares during the last quarter. 98.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TRNS shares. Northland Securities restated a “market perform” rating and issued a $85.00 price target (down previously from $110.00) on shares of Transcat in a research report on Wednesday, January 29th. Craig Hallum upped their price objective on shares of Transcat from $113.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, December 12th. StockNews.com downgraded shares of Transcat from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th. Oppenheimer downgraded shares of Transcat from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 29th. Finally, HC Wainwright decreased their price target on shares of Transcat from $126.00 to $106.00 and set a “buy” rating on the stock in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $111.50.

Transcat Stock Up 3.2 %

NASDAQ TRNS opened at $76.54 on Thursday. The stock has a 50 day moving average price of $76.40 and a 200-day moving average price of $97.48. Transcat, Inc. has a one year low of $67.56 and a one year high of $147.12. The company has a market capitalization of $712.51 million, a P/E ratio of 41.37 and a beta of 0.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.42.

Transcat (NASDAQ:TRNS) last issued its quarterly earnings results on Monday, January 27th. The scientific and technical instruments company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. Transcat had a return on equity of 7.23% and a net margin of 6.22%. During the same period in the prior year, the firm earned $0.56 earnings per share. As a group, equities analysts predict that Transcat, Inc. will post 2.3 EPS for the current fiscal year.

Insider Transactions at Transcat

In other news, Director Craig D. Cairns acquired 1,200 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $77.02 per share, for a total transaction of $92,424.00. Following the acquisition, the director now owns 1,910 shares of the company’s stock, valued at $147,108.20. This represents a 169.01 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.30% of the company’s stock.

Transcat Profile

Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally. It operates through two segments: Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.