From MarketBeat:

Transcat, Inc. CEO Lee D. Rudow sold 5,000 shares of stock valued at $556,500.00. The chief executive officer now holds 108,478 shares of the company’s stock in a transaction disclosed in a legal filing with the SEC. Shares of Transcat stock traded down 3.6% on Monday, reaching $108.80, with a market capitalization of $960.70 million and a price-to-earnings ratio of 84.20. The firm has a fifty-two week low of $74.89 and a fifty-two week high of $115.41.

Bank of America Corp DE raised its position in Transcat by 184.9% during the first quarter, now owns 83,687 shares valued at $6,790,000. The Vanguard Group Inc. now owns 425,378 shares of the scientific and technical instruments company’s stock worth $41,674,000. 89.75% of the stock is owned by institutional investors and hedge funds.

TRNS has been the topic of a number of research reports. HC Wainwright boosted their price objective on Transcat from $108.00 to $124.00 and gave the stock a “buy” rating, while Oppenheimer began coverage on Transcat and set an “outperform” rating and a $110.00 target price on the stock.

Transcat, Inc provides calibration and laboratory instrument services in the United States, Canada, and internationally, operating through the Service and Distribution. The Service segment offers calibration, repair, inspection, analytical qualification, maintenance, and other related services.

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Read more: Lee D. Rudow Sells 5,000 Shares of Transcat, Inc. (NASDAQ:TRNS) Stock