Global Thematic Partners LLC cut its position in TransDigm Group Incorporated (NYSE:TDG) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,619 shares of the aerospace company’s stock after selling 17,556 shares during the quarter. Global Thematic Partners LLC owned approximately 0.12% of TransDigm Group worth $29,337,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at about $343,000. Canada Pension Plan Investment Board raised its stake in TransDigm Group by 83.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 89,777 shares of the aerospace company’s stock valued at $30,528,000 after acquiring an additional 40,959 shares during the last quarter. Gotham Asset Management LLC raised its stake in TransDigm Group by 6.2% during the 4th quarter. Gotham Asset Management LLC now owns 16,895 shares of the aerospace company’s stock valued at $5,745,000 after acquiring an additional 983 shares during the last quarter. Dupont Capital Management Corp raised its stake in TransDigm Group by 283.4% during the 4th quarter. Dupont Capital Management Corp now owns 31,918 shares of the aerospace company’s stock valued at $10,854,000 after acquiring an additional 23,592 shares during the last quarter. Finally, Advent International Corp MA raised its stake in TransDigm Group by 29.6% during the 4th quarter. Advent International Corp MA now owns 219,075 shares of the aerospace company’s stock valued at $74,499,000 after acquiring an additional 50,000 shares during the last quarter.
In other news, EVP Jorge Valladares sold 5,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $436.99, for a total transaction of $2,184,950.00. Following the sale, the executive vice president now owns 14,000 shares in the company, valued at $6,117,860. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Small acquired 229,940 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The shares were acquired at an average price of $434.90 per share, for a total transaction of $100,000,906.00. Following the acquisition, the director now directly owns 37,175 shares of the company’s stock, valued at $16,167,407.50. The disclosure for this purchase can be found here. Insiders have sold 95,357 shares of company stock worth $41,248,657 in the last 90 days. Insiders own 11.00% of the company’s stock.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 5th. The aerospace company reported $3.85 EPS for the quarter, beating analysts’ consensus estimates of $3.19 by $0.66. TransDigm Group had a negative return on equity of 43.35% and a net margin of 20.57%. The firm had revenue of $993.30 million for the quarter, compared to analysts’ expectations of $957.66 million. During the same quarter in the prior year, the firm earned $2.65 EPS. TransDigm Group’s quarterly revenue was up 17.1% on a year-over-year basis. Equities research analysts forecast that TransDigm Group Incorporated will post 16.24 earnings per share for the current year.
Several research firms have commented on TDG. Longbow Research began coverage on TransDigm Group in a research note on Tuesday, April 9th. They set a “neutral” rating for the company. Zacks Investment Research raised TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 price objective for the company in a research note on Tuesday, April 16th. Cowen reissued a “buy” rating and set a $520.00 target price (up from $460.00) on shares of TransDigm Group in a research note on Monday, March 25th. Goldman Sachs Group assumed coverage on TransDigm Group in a research note on Monday, March 18th. They set a “buy” rating for the company. Finally, Credit Suisse Group increased their target price on TransDigm Group from $405.00 to $476.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $429.82.
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TransDigm Group Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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