Bessemer Group Inc. Cuts Stake in TransDigm Group Incorporated (TDG)

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Bessemer Group Inc. decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,876 shares of the aerospace company’s stock after selling 96 shares during the period. Bessemer Group Inc.’s holdings in TransDigm Group were worth $637,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp bought a new stake in shares of TransDigm Group during the 3rd quarter valued at about $343,000. Canada Pension Plan Investment Board boosted its stake in shares of 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 purchasing an additional 40,959 shares in the last quarter. Dupont Capital Management Corp boosted its stake in shares of 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 purchasing an additional 23,592 shares in the last quarter. Capital International Investors boosted its stake in shares of TransDigm Group by 177.2% during the 3rd quarter. Capital International Investors now owns 4,456,405 shares of the aerospace company’s stock valued at $1,659,120,000 after purchasing an additional 2,849,039 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. bought a new stake in shares of TransDigm Group during the 4th quarter valued at about $82,000.

NYSE:TDG opened at $439.87 on Monday. TransDigm Group Incorporated has a one year low of $292.43 and a one year high of $445.93. The stock has a market cap of $23.27 billion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 1.86 and a beta of 1.01.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $0.66. The business had revenue of $993.30 million during the quarter, compared to analysts’ expectations of $957.66 million. TransDigm Group had a net margin of 20.57% and a negative return on equity of 43.35%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.65 earnings per share. On average, analysts expect that TransDigm Group Incorporated will post 16.09 EPS for the current fiscal year.

Several research firms recently commented on TDG. Jefferies Financial Group reissued a “hold” rating and set a $355.00 price objective on shares of TransDigm Group in a research note on Tuesday, January 8th. Canaccord Genuity boosted their price objective on shares of TransDigm Group from $400.00 to $460.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a research note on Friday, February 8th. Credit Suisse Group boosted their price objective on shares of TransDigm Group from $405.00 to $476.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 6th. Finally, SunTrust Banks boosted their price objective on shares of TransDigm Group to $452.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $400.00.

In other TransDigm Group news, CEO W Nicholas Howley sold 17,083 shares of TransDigm Group stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $418.55, for a total value of $7,150,089.65. Following the completion of the transaction, the chief executive officer now directly owns 43,818 shares of the company’s stock, valued at $18,340,023.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Sarah Wynne sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $420.03, for a total transaction of $1,260,090.00. Following the completion of the transaction, the insider now directly owns 3,100 shares of the company’s stock, valued at $1,302,093. The disclosure for this sale can be found here. Insiders sold 78,274 shares of company stock valued at $33,455,050 over the last ninety days. Corporate insiders own 11.00% of the company’s stock.

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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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