TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Andra AP fonden

Andra AP fonden cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 6.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,000 shares of the aerospace company’s stock after selling 500 shares during the period. Andra AP fonden’s holdings in TransDigm Group were worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Usca Ria LLC acquired a new position in shares of TransDigm Group during the third quarter valued at $30,000. Commonwealth Bank of Australia increased its holdings in shares of TransDigm Group by 65.9% during the second quarter. Commonwealth Bank of Australia now owns 73 shares of the aerospace company’s stock valued at $34,000 after purchasing an additional 29 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of TransDigm Group by 46.8% during the third quarter. Parkside Financial Bank & Trust now owns 69 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 22 shares during the period. Whittier Trust Co. increased its holdings in shares of TransDigm Group by 1,825.0% during the third quarter. Whittier Trust Co. now owns 77 shares of the aerospace company’s stock valued at $40,000 after purchasing an additional 73 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new position in shares of TransDigm Group during the third quarter valued at $44,000. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP James Skulina sold 5,000 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $509.52, for a total transaction of $2,547,600.00. Following the completion of the transaction, the executive vice president now owns 9,000 shares of the company’s stock, valued at $4,585,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 9,900 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $519.08, for a total value of $5,138,892.00. Following the transaction, the chief executive officer now directly owns 11,247 shares of the company’s stock, valued at approximately $5,838,092.76. The disclosure for this sale can be found here. Insiders have sold 110,948 shares of company stock valued at $58,667,331 in the last ninety days. Company insiders own 11.00% of the company’s stock.

A number of research analysts have recently commented on the company. Berenberg Bank reissued a “buy” rating and set a $600.00 price target on shares of TransDigm Group in a report on Monday, November 18th. UBS Group raised their price target on TransDigm Group to $605.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Canaccord Genuity raised their price target on TransDigm Group from $575.00 to $620.00 and gave the company a “buy” rating in a report on Friday, November 15th. Morgan Stanley lowered their price target on TransDigm Group from $570.00 to $560.00 and set an “equal weight” rating on the stock in a report on Thursday, October 10th. Finally, ValuEngine lowered TransDigm Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $579.64.

Shares of TDG stock opened at $556.58 on Tuesday. The stock has a 50-day simple moving average of $543.64 and a 200 day simple moving average of $509.67. TransDigm Group Incorporated has a fifty-two week low of $311.46 and a fifty-two week high of $581.07. The stock has a market capitalization of $30.37 billion, a P/E ratio of 32.82, a P/E/G ratio of 2.52 and a beta of 0.96.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, November 19th. The aerospace company reported $5.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.85 by $0.77. TransDigm Group had a negative return on equity of 58.95% and a net margin of 16.06%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the business posted $4.44 earnings per share. The company’s quarterly revenue was up 46.9% on a year-over-year basis. Sell-side analysts expect that TransDigm Group Incorporated will post 19.85 EPS for the current year.

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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