Transcat, Inc. (TRNS) Shares Sold by QCI Asset Management Inc. NY

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QCI Asset Management Inc. NY cut its position in Transcat, Inc. (NASDAQ:TRNS) by 14.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,054 shares of the scientific and technical instruments company’s stock after selling 3,000 shares during the period. QCI Asset Management Inc. NY owned 0.25% of Transcat worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Transcat by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 330,201 shares of the scientific and technical instruments company’s stock worth $6,241,000 after acquiring an additional 14,138 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Transcat by 42.7% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 315,932 shares of the scientific and technical instruments company’s stock worth $5,971,000 after acquiring an additional 94,480 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Transcat by 52.4% in the second quarter. Renaissance Technologies LLC now owns 74,981 shares of the scientific and technical instruments company’s stock worth $1,417,000 after acquiring an additional 25,784 shares during the last quarter. UBS Group AG boosted its stake in shares of Transcat by 62.9% in the first quarter. UBS Group AG now owns 66,465 shares of the scientific and technical instruments company’s stock worth $1,040,000 after acquiring an additional 25,664 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of Transcat in the third quarter worth approximately $1,127,000. 55.17% of the stock is currently owned by hedge funds and other institutional investors.

In other Transcat news, Director John T. Smith sold 3,000 shares of the business’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $10.30, for a total transaction of $30,900.00. Following the transaction, the director now owns 42,166 shares of the company’s stock, valued at $434,309.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 10,639 shares of company stock worth $109,307 in the last three months. 8.80% of the stock is currently owned by corporate insiders.

NASDAQ TRNS opened at $22.31 on Friday. The firm has a market cap of $158.40 million, a price-to-earnings ratio of 31.42, a P/E/G ratio of 2.76 and a beta of 0.66. The company has a current ratio of 2.00, a quick ratio of 1.33 and a debt-to-equity ratio of 0.42. Transcat, Inc. has a fifty-two week low of $12.20 and a fifty-two week high of $25.35.

Transcat (NASDAQ:TRNS) last released its quarterly earnings data on Wednesday, October 24th. The scientific and technical instruments company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.04. The company had revenue of $38.88 million for the quarter, compared to analyst estimates of $38.00 million. Transcat had a return on equity of 12.45% and a net margin of 4.54%. Equities analysts anticipate that Transcat, Inc. will post 1 EPS for the current year.

A number of research firms have weighed in on TRNS. Zacks Investment Research raised Transcat from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Saturday, July 28th. Singular Research boosted their price objective on Transcat from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, August 21st.

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Transcat Profile

Transcat, Inc provides calibration and laboratory instrument services in North America and internationally. It operates in two segments, Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, preventative maintenance, consulting, and other related services.

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Institutional Ownership by Quarter for Transcat (NASDAQ:TRNS)

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