Advisory Services Network LLC boosted its position in TransDigm Group Inc. (NYSE:TDG) by 341.5% during the second quarter, Holdings Channel reports. The institutional investor owned 702 shares of the company’s stock after buying an additional 543 shares during the period. Advisory Services Network LLC’s holdings in TransDigm Group were worth $185,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in TDG. Jana Partners LLC purchased a new position in shares of TransDigm Group during the first quarter worth approximately $80,610,000. Goldman Sachs Group Inc. increased its position in shares of TransDigm Group by 150.2% in the first quarter. Goldman Sachs Group Inc. now owns 384,835 shares of the company’s stock worth $84,794,000 after buying an additional 231,043 shares in the last quarter. Credit Agricole S A increased its position in shares of TransDigm Group by 235.4% in the first quarter. Credit Agricole S A now owns 207,304 shares of the company’s stock worth $45,677,000 after buying an additional 145,497 shares in the last quarter. Allen Investment Management LLC increased its position in shares of TransDigm Group by 384.5% in the first quarter. Allen Investment Management LLC now owns 156,828 shares of the company’s stock worth $34,555,000 after buying an additional 124,459 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of TransDigm Group during the second quarter worth approximately $20,757,000.
Shares of TransDigm Group Inc. (NYSE:TDG) traded up 0.84% on Monday, reaching $283.26. The company’s stock had a trading volume of 428,262 shares. TransDigm Group Inc. has a 1-year low of $180.76 and a 1-year high of $294.38. The company has a market capitalization of $15.09 billion, a price-to-earnings ratio of 29.96 and a beta of 0.72. The stock has a 50-day moving average price of $286.00 and a 200-day moving average price of $261.16.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.82 by $0.27. The company had revenue of $797.70 million for the quarter, compared to analyst estimates of $805.23 million. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. TransDigm Group’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.26 EPS. On average, equities research analysts forecast that TransDigm Group Inc. will post $11.39 EPS for the current year.
A number of equities analysts have commented on TDG shares. Zacks Investment Research downgraded shares of TransDigm Group from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. Deutsche Bank AG boosted their price target on TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a research note on Wednesday, August 10th. KeyCorp upgraded TransDigm Group from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, June 29th. Morgan Stanley started coverage on TransDigm Group in a research note on Thursday, June 23rd. They set an “equal weight” rating and a $287.00 price target on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $271.00 price target on shares of TransDigm Group in a research note on Saturday, June 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $288.18.
In other news, insider Peter Palmer sold 20,500 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $281.84, for a total transaction of $5,777,720.00. Following the sale, the insider now owns 14,000 shares of the company’s stock, valued at approximately $3,945,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Roger Jones sold 7,500 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $285.92, for a total value of $2,144,400.00. Following the sale, the insider now directly owns 11,500 shares in the company, valued at approximately $3,288,080. The disclosure for this sale can be found here. 9.30% of the stock is owned by company insiders.
TransDigm Group Company Profile
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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