Janus Henderson Group PLC Increases Position in Transcat, Inc. (NASDAQ:TRNS)

Janus Henderson Group PLC lifted its holdings in Transcat, Inc. (NASDAQ:TRNS) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,941 shares of the scientific and technical instruments company’s stock after purchasing an additional 606 shares during the period. Janus Henderson Group PLC’s holdings in Transcat were worth $1,684,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TRNS. DekaBank Deutsche Girozentrale purchased a new position in shares of Transcat in the 2nd quarter valued at about $40,000. nVerses Capital LLC purchased a new position in shares of Transcat in the 3rd quarter valued at about $60,000. First Horizon Advisors Inc. increased its stake in shares of Transcat by 26.4% in the 2nd quarter. First Horizon Advisors Inc. now owns 599 shares of the scientific and technical instruments company’s stock valued at $72,000 after purchasing an additional 125 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Transcat by 95.8% in the 2nd quarter. Fifth Third Bancorp now owns 656 shares of the scientific and technical instruments company’s stock valued at $79,000 after purchasing an additional 321 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Transcat in the 2nd quarter valued at about $109,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TRNS. Oppenheimer reiterated an “outperform” rating and set a $130.00 price objective (down from $155.00) on shares of Transcat in a research note on Wednesday, October 30th. Craig Hallum boosted their price objective on Transcat from $113.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday. HC Wainwright reiterated a “buy” rating and set a $156.00 price objective on shares of Transcat in a research note on Tuesday, October 29th. Northland Securities cut their price objective on Transcat from $130.00 to $110.00 and set a “market perform” rating for the company in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Transcat from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $130.25.

Transcat Price Performance

Shares of Transcat stock opened at $111.22 on Friday. The stock has a market cap of $1.02 billion, a P/E ratio of 56.17 and a beta of 0.70. The stock’s 50 day simple moving average is $111.52 and its 200-day simple moving average is $119.65. Transcat, Inc. has a 1-year low of $94.29 and a 1-year high of $147.12.

Transcat (NASDAQ:TRNS) last issued its earnings results on Monday, October 28th. The scientific and technical instruments company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.12). The company had revenue of $67.83 million for the quarter, compared to analyst estimates of $70.30 million. Transcat had a return on equity of 7.36% and a net margin of 6.63%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 earnings per share. As a group, research analysts expect that Transcat, Inc. will post 1.76 EPS for the current fiscal year.

About Transcat

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.