Macquarie Group Ltd. Has $68,000 Stake in TransDigm Group Incorporated (NYSE:TDG)

Macquarie Group Ltd. trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 33.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200 shares of the aerospace company’s stock after selling 100 shares during the quarter. Macquarie Group Ltd.’s holdings in TransDigm Group were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. JOYN Advisors Inc. raised its stake in shares of TransDigm Group by 33.3% during the 4th quarter. JOYN Advisors Inc. now owns 132 shares of the aerospace company’s stock worth $45,000 after purchasing an additional 33 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of TransDigm Group by 100.0% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 144 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 72 shares during the period. Enlightenment Research LLC bought a new stake in shares of TransDigm Group during the 4th quarter worth $68,000. Ipswich Investment Management Co. Inc. bought a new stake in shares of TransDigm Group during the 4th quarter worth $82,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of TransDigm Group during the 4th quarter worth $88,000.

In other news, Director Mervin Dunn sold 4,600 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $435.82, for a total transaction of $2,004,772.00. Following the sale, the director now directly owns 8,849 shares in the company, valued at $3,856,571.18. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jorge Valladares sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $436.99, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,793 shares of company stock worth $39,726,300. Company insiders own 11.00% of the company’s stock.

A number of equities research analysts have recently commented on the company. Credit Suisse Group lifted their target price on TransDigm Group from $476.00 to $539.00 and gave the stock an “outperform” rating in a research note on Wednesday. Canaccord Genuity reiterated a “buy” rating and set a $520.00 target price (up from $460.00) on shares of TransDigm Group in a research note on Wednesday. Longbow Research assumed coverage on TransDigm Group in a research note on Tuesday, April 9th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 target price on the stock in a research note on Tuesday, April 16th. Finally, Cowen restated a “buy” rating and issued a $520.00 price objective (up from $460.00) on shares of TransDigm Group in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $441.00.

TransDigm Group stock traded up $0.81 during midday trading on Friday, reaching $473.86. The stock had a trading volume of 319,110 shares, compared to its average volume of 266,796. TransDigm Group Incorporated has a 12 month low of $307.36 and a 12 month high of $489.95. The stock has a market capitalization of $25.16 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.00 and a beta of 1.01.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.73 by $0.48. TransDigm Group had a negative return on equity of 50.29% and a net margin of 19.44%. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the business posted $3.79 earnings per share. The company’s revenue was up 28.2% on a year-over-year basis. Research analysts predict that TransDigm Group Incorporated will post 16.24 earnings per share for the current fiscal year.

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About TransDigm Group

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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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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