TransDigm Group Incorporated (TDG) Shares Sold by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. lessened its stake in TransDigm Group Incorporated (NYSE:TDG) by 7.2% in the first quarter, HoldingsChannel.com reports. The firm owned 4,685 shares of the aerospace company’s stock after selling 366 shares during the period. Candriam Luxembourg S.C.A.’s holdings in TransDigm Group were worth $2,127,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Windacre Partnership LLC lifted its stake 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 worth $554,706,000 after purchasing an additional 688,700 shares in the last quarter. Geode Capital Management LLC lifted its stake in TransDigm Group by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 606,428 shares of the aerospace company’s stock worth $205,851,000 after purchasing an additional 38,741 shares in the last quarter. Northern Trust Corp lifted its stake in TransDigm Group by 3.8% in the 4th quarter. Northern Trust Corp now owns 517,082 shares of the aerospace company’s stock worth $175,839,000 after purchasing an additional 18,796 shares in the last quarter. Norges Bank purchased a new stake in TransDigm Group in the 4th quarter worth $146,363,000. Finally, TIAA CREF Investment Management LLC lifted its stake in TransDigm Group by 7.0% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 401,371 shares of the aerospace company’s stock worth $149,430,000 after purchasing an additional 26,175 shares in the last quarter.

Shares of NYSE TDG opened at $464.18 on Tuesday. The stock has a market cap of $24.69 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. TransDigm Group Incorporated has a 12-month low of $307.36 and a 12-month high of $489.95.



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

Several brokerages have commented on TDG. Credit Suisse Group boosted their price target on shares of TransDigm Group from $476.00 to $539.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 8th. Canaccord Genuity reiterated a “buy” rating and issued a $520.00 price target (up previously from $460.00) on shares of TransDigm Group in a research note 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 target on the stock in a research note on Tuesday, April 16th. Longbow Research began coverage on shares of TransDigm Group in a research note on Tuesday, April 9th. They issued a “neutral” rating on the stock. Finally, Cowen reiterated a “buy” rating and issued a $520.00 price target (up previously 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 given a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $441.00.

In other news, 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 transaction of $2,184,950.00. Following the sale, the executive vice president now directly owns 14,000 shares in the company, valued at approximately $6,117,860. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mervin Dunn sold 4,600 shares of the company’s stock in a transaction dated Friday, February 22nd. The shares were sold at an average price of $435.82, for a total transaction of $2,004,772.00. Following the sale, the director now owns 8,849 shares in the company, valued at $3,856,571.18. The disclosure for this sale can be found here. Insiders have sold a total of 69,793 shares of company stock worth $31,178,900 over the last 90 days. 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.

Further Reading: Systematic Risk and Investors

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

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