Ameriprise Financial Inc. Acquires New Stake in Transcat, Inc. (TRNS)

Ameriprise Financial Inc. acquired a new stake in Transcat, Inc. (NASDAQ:TRNS) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 182,000 shares of the scientific and technical instruments company’s stock, valued at approximately $2,484,000. Ameriprise Financial Inc. owned about 2.55% of Transcat at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Northern Trust Corp increased its position in shares of Transcat by 9.5% in the 2nd quarter. Northern Trust Corp now owns 18,062 shares of the scientific and technical instruments company’s stock valued at $220,000 after purchasing an additional 1,570 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Transcat by 3.4% in the 2nd quarter. Vanguard Group Inc. now owns 133,579 shares of the scientific and technical instruments company’s stock valued at $1,623,000 after buying an additional 4,450 shares during the last quarter. Neuberger Berman Group LLC grew its position in shares of Transcat by 3.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 164,993 shares of the scientific and technical instruments company’s stock valued at $2,005,000 after buying an additional 4,900 shares during the last quarter. QCI Asset Management Inc. NY grew its position in shares of Transcat by 31.1% in the 3rd quarter. QCI Asset Management Inc. NY now owns 32,234 shares of the scientific and technical instruments company’s stock valued at $437,000 after buying an additional 7,647 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. grew its position in shares of Transcat by 16.8% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 314,658 shares of the scientific and technical instruments company’s stock valued at $3,823,000 after buying an additional 45,308 shares during the last quarter. 56.69% of the stock is currently owned by institutional investors.

Transcat, Inc. (NASDAQ TRNS) opened at $13.55 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.24 and a quick ratio of 1.53. The company has a market cap of $100.38, a price-to-earnings ratio of 22.21, a P/E/G ratio of 3.38 and a beta of 0.45. Transcat, Inc. has a 52-week low of $10.49 and a 52-week high of $15.15.

A number of research analysts recently commented on TRNS shares. Zacks Investment Research raised shares of Transcat from a “sell” rating to a “hold” rating in a research report on Tuesday. Singular Research started coverage on shares of Transcat in a research report on Wednesday, November 15th. They issued a “buy” rating and a $15.30 target price on the stock.

WARNING: This piece was first published by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another site, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/3128108/ameriprise-financial-inc-acquires-new-stake-in-transcat-inc-trns.html.

Transcat Company Profile

Transcat, Inc is a provider of calibration and laboratory instrument services and a distributor of professional grade test, measurement and control instrumentation. The Company conducts its business through two segments: service (Service) and distribution (Distribution). Through the Service segment, the Company offers calibration, repair, inspection, analytical qualifications, preventative maintenance and other related services, a majority of which are processed through its asset management system, CalTrak (CalTrak).

Want to see what other hedge funds are holding TRNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Transcat, Inc. (NASDAQ:TRNS).

Institutional Ownership by Quarter for Transcat (NASDAQ:TRNS)

Receive News & Ratings for Transcat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transcat and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.