Transcat, Inc. (TRNS) Expected to Post Q3 2018 Earnings of $0.12 Per Share
Transcat, Inc. (NASDAQ:TRNS) – Research analysts at Dougherty & Co issued their Q3 2018 earnings estimates for Transcat in a research report issued on Monday. Dougherty & Co analyst R. Ryan forecasts that the scientific and technical instruments company will post earnings of $0.12 per share for the quarter. Dougherty & Co currently has a “Buy” rating and a $20.00 target price on the stock. Dougherty & Co also issued estimates for Transcat’s FY2018 earnings at $0.52 EPS.
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In other Transcat news, Director Paul D. Moore sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $13.00, for a total transaction of $52,000.00. Following the completion of the sale, the director now directly owns 57,698 shares in the company, valued at $750,074. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.80% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp grew its stake in Transcat by 9.5% during the second quarter. Northern Trust Corp now owns 18,062 shares of the scientific and technical instruments company’s stock worth $220,000 after buying an additional 1,570 shares during the period. QCI Asset Management Inc. NY boosted its stake in shares of Transcat by 10.0% in the second quarter. QCI Asset Management Inc. NY now owns 24,587 shares of the scientific and technical instruments company’s stock valued at $299,000 after purchasing an additional 2,226 shares during the period. WCM Investment Management CA boosted its stake in shares of Transcat by 0.7% in the second quarter. WCM Investment Management CA now owns 480,332 shares of the scientific and technical instruments company’s stock valued at $5,836,000 after purchasing an additional 3,545 shares during the period. Vanguard Group Inc. boosted its stake in shares of Transcat by 3.4% in the second quarter. Vanguard Group Inc. now owns 133,579 shares of the scientific and technical instruments company’s stock valued at $1,623,000 after purchasing an additional 4,450 shares during the period. Finally, Neuberger Berman Group LLC boosted its stake in shares of Transcat by 3.1% in the second 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 purchasing an additional 4,900 shares during the period. Institutional investors own 56.22% of the company’s stock.
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).
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