Transcat Inc (NASDAQ:TRNS) Institutional Investors Sentiment Index Crashed in Q1 2018

July 14, 2018 - By Tamara Reed

Transcat, Inc. (NASDAQ:TRNS) Logo

Sentiment for Transcat Inc (NASDAQ:TRNS)

Transcat Inc (NASDAQ:TRNS) institutional sentiment decreased to 0.85 in Q1 2018. Its down -2.35, from 3.2 in 2017Q4. The ratio turned negative, as 11 investment managers started new or increased positions, while 13 sold and reduced their positions in Transcat Inc. The investment managers in our partner’s database now own: 3.77 million shares, down from 7.78 million shares in 2017Q4. Also, the number of investment managers holding Transcat Inc in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 1 Reduced: 12 Increased: 6 New Position: 5.

Transcat, Inc. provides calibration and laboratory instrument services in the United States, Canada, and internationally. The company has market cap of $157.99 million. It operates in two divisions, Service and Distribution. It has a 27.1 P/E ratio. The Service segment offers calibration, repair, inspection, analytical qualifications, preventative maintenance, consulting, and other related services.

The stock increased 6.30% or $1.3 during the last trading session, reaching $21.95. About 35,021 shares traded or 51.51% up from the average. Transcat, Inc. (NASDAQ:TRNS) has risen 50.00% since July 14, 2017 and is uptrending. It has outperformed by 37.43% the S&P500.

Analysts await Transcat, Inc. (NASDAQ:TRNS) to report earnings on July, 24. They expect $0.17 EPS, up 41.67 % or $0.05 from last year’s $0.12 per share. TRNS’s profit will be $1.22 million for 32.28 P/E if the $0.17 EPS becomes a reality. After $0.27 actual EPS reported by Transcat, Inc. for the previous quarter, Wall Street now forecasts -37.04 % negative EPS growth.

Minerva Advisors Llc holds 3.36% of its portfolio in Transcat, Inc. for 408,754 shares. Heartland Advisors Inc owns 600,000 shares or 0.63% of their US portfolio. Moreover, Punch & Associates Investment Management Inc. has 0.48% invested in the company for 347,400 shares. The Florida-based Zpr Investment Management has invested 0.45% in the stock. Ativo Capital Management Llc, a Illinois-based fund reported 98,993 shares.

Since January 1, 0001, it had 1 insider purchase, and 4 insider sales for $519,895 activity.

Transcat, Inc. (NASDAQ:TRNS) Ratings Coverage

Ratings analysis reveals 100% of Transcat’s analysts are positive. Out of 2 Wall Street analysts rating Transcat, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $20.0 while the high is $20. The stock’s average target of $20 is -8.88% below today’s ($21.95) share price. TRNS was included in 2 notes of analysts from February 5, 2018. Singular Research maintained it with “Buy” rating and $20 target in Monday, February 5 report. The rating was initiated by Roth Capital with “Buy” on Friday, February 9.

More recent Transcat, Inc. (NASDAQ:TRNS) news were published by: which released: “Transcat Announces First Quarter Fiscal Year 2019 Conference Call and Webcast” on July 11, 2018. Also published the news titled: “Transcat acquires NBS Calibrations, Inc.” on June 29, 2018.‘s news article titled: “Transcat Expands Calibration Capabilities with Acquisition of NBS Calibrations, Inc.” with publication date: June 28, 2018 was also an interesting one.

Transcat, Inc. (NASDAQ:TRNS) Institutional Positions Chart

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