5,600 Shares in TransDigm Group Incorporated (TDG) Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC acquired a new position in TransDigm Group Incorporated (NYSE:TDG) during the 1st quarter, Holdings Channel reports. The fund acquired 5,600 shares of the aerospace company’s stock, valued at approximately $2,542,000.

Several other institutional investors have also added to or reduced their stakes in TDG. Windacre Partnership LLC lifted its holdings in TransDigm Group by 73.1% in the 4th quarter. Windacre Partnership LLC now owns 1,631,200 shares of the aerospace company’s stock valued at $554,706,000 after purchasing an additional 688,700 shares in the last quarter. Norges Bank purchased a new position in TransDigm Group in the 4th quarter valued at about $146,363,000. Saya Management LP purchased a new position in TransDigm Group in the 4th quarter valued at about $19,894,000. Advent International Corp MA lifted its holdings in TransDigm Group by 29.6% in the 4th quarter. Advent International Corp MA now owns 219,075 shares of the aerospace company’s stock valued at $74,499,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Manor Road Capital Partners LLC lifted its holdings in TransDigm Group by 100.0% in the 4th quarter. Manor Road Capital Partners LLC now owns 100,000 shares of the aerospace company’s stock valued at $34,006,000 after purchasing an additional 50,000 shares in the last quarter.

Shares of NYSE:TDG opened at $447.63 on Friday. TransDigm Group Incorporated has a 52-week low of $307.36 and a 52-week high of $489.95. The company has a market capitalization of $24.38 billion, a price-to-earnings ratio of 26.35, a PEG ratio of 2.40 and a beta of 1.01.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $4.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.73 by $0.48. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $3.79 earnings per share. TransDigm Group’s revenue for the quarter was up 28.2% on a year-over-year basis. Equities research analysts forecast that TransDigm Group Incorporated will post 16.12 EPS for the current fiscal year.

TDG has been the topic of a number of recent research reports. Goldman Sachs Group initiated coverage on shares of TransDigm Group in a report on Monday, March 18th. They issued a “buy” rating on the stock. SunTrust Banks increased their price objective on shares of TransDigm Group to $452.00 and gave the stock a “buy” rating in a report on Wednesday, February 6th. Credit Suisse Group increased their price objective on shares of TransDigm Group from $476.00 to $539.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 price objective on the stock in a report on Tuesday, April 16th. Finally, Barclays reiterated a “buy” rating on shares of TransDigm Group in a report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $454.64.

In related news, Director Mervin Dunn sold 8,944 shares of the firm’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $432.28, for a total transaction of $3,866,312.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman W Nicholas Howley sold 17,083 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $430.45, for a total value of $7,353,377.35. The disclosure for this sale can be found here. Insiders have sold 62,693 shares of company stock valued at $28,150,853 in the last three months. Corporate insiders own 11.00% of the company’s stock.

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

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