Transcat, Inc. (NASDAQ:TRNS - Get Free Report) CEO Jaime Irick purchased 2,275 shares of the firm's stock in a transaction on Thursday, November 5th. The stock was bought at an average price of $101.26 per share, for a total transaction of $230,366.50. Following the completion of the transaction, the chief executive officer directly owned 2,275 shares in the company, valued at approximately $230,366.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Transcat Stock Performance
Shares of NASDAQ:TRNS traded up $1.13 on Friday, hitting $101.51. 169,759 shares of the company were exchanged, compared to its average volume of 135,380. The company's 50 day moving average price is $86.94 and its two-hundred day moving average price is $82.43. The firm has a market capitalization of $953.18 million, a price-to-earnings ratio of 211.48 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.11 and a current ratio of 2.49. Transcat, Inc. has a one year low of $50.23 and a one year high of $110.47.
Transcat (NASDAQ:TRNS - Get Free Report) last released its earnings results on Tuesday, November 3rd. The scientific and technical instruments company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.19. Transcat had a net margin of 0.99% and a return on equity of 5.56%. The business had revenue of $97.09 million during the quarter, compared to analysts' expectations of $92.46 million. Research analysts expect that Transcat, Inc. will post 2.06 earnings per share for the current year.
Wall Street Analyst Weigh In
TRNS has been the topic of several analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of Transcat in a report on Tuesday, August 25th. Northland Securities raised shares of Transcat from a "market perform" rating to an "outperform" rating and set a $95.00 price objective for the company in a report on Wednesday, October 21st. CJS Securities assumed coverage on shares of Transcat in a research report on Tuesday, October 27th. They set an "outperform" rating and a $115.00 target price on the stock. Finally, Oppenheimer upgraded shares of Transcat from a "market perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $108.33.
Check Out Our Latest Research Report on TRNS
Hedge Funds Weigh In On Transcat
Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its stake in shares of Transcat by 41.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 24,929 shares of the scientific and technical instruments company's stock valued at $2,204,000 after purchasing an additional 7,348 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Transcat during the 3rd quarter worth about $274,000. Riverbridge Partners LLC lifted its holdings in Transcat by 8.4% during the 3rd quarter. Riverbridge Partners LLC now owns 219,452 shares of the scientific and technical instruments company's stock valued at $19,404,000 after purchasing an additional 17,063 shares during the last quarter. Summit Creek Advisors LLC lifted its holdings in Transcat by 23.8% during the 3rd quarter. Summit Creek Advisors LLC now owns 58,135 shares of the scientific and technical instruments company's stock valued at $5,140,000 after purchasing an additional 11,165 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Transcat during the 3rd quarter valued at about $221,000. Institutional investors own 98.34% of the company's stock.
Transcat News Roundup
Here are the key news stories impacting Transcat this week:
- Positive Sentiment: Zacks upgraded Transcat to Rank #1 (Strong Buy), citing improving earnings prospects, and included TRNS on its Strong Buy momentum-stock list. Zacks Strong Buy upgrade
- Positive Sentiment: Northland Securities raised its EPS forecasts across 2027–2031, including lifting its FY2027 estimate to $2.00 from $1.71 and its FY2031 estimate to $3.69 from $3.53. The revisions suggest stronger expected earnings growth. Northland estimate revisions
- Positive Sentiment: Oppenheimer raised its rating on Transcat to Outperform, adding to the favorable analyst sentiment. Oppenheimer rating upgrade
- Positive Sentiment: Recent coverage linked TRNS reaching a 52-week high to an earnings beat and improved outlook. The supplied background also reports quarterly EPS of $0.64 versus a $0.45 consensus estimate, with revenue above forecasts. Transcat 52-week high following earnings beat
- Neutral Sentiment: Northland maintained an Outperform rating but set a $95 price target, below the $101.32 share price cited in the background; this may temper the impact of its higher earnings forecasts. Northland rating and target
Transcat Company Profile
(
Get Free Report)
Transcat, Inc (NASDAQ: TRNS) provides calibration, compliance, and measurement services for organizations that rely on accurate test and measurement equipment. The company supports customers in regulated industries, including life sciences, aerospace and defense, energy, manufacturing, and other industrial markets.
Its service offerings include laboratory and onsite calibration, repair, validation, and asset-management services. Transcat calibrates a broad range of equipment used to measure temperature, pressure, electrical and electronic properties, radio frequency signals, dimensional characteristics, and other technical parameters.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
