ETF Managers Group LLC decreased its position in TransDigm Group Incorporated (NYSE:TDG) by 7.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,541 shares of the aerospace company’s stock after selling 128 shares during the quarter. ETF Managers Group LLC’s holdings in TransDigm Group were worth $524,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp bought a new stake in shares of TransDigm Group in the 3rd quarter worth about $343,000. Nisa Investment Advisors LLC grew its holdings in shares of TransDigm Group by 10.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,413 shares of the aerospace company’s stock worth $3,877,000 after purchasing an additional 1,012 shares during the last quarter. Andra AP fonden grew its holdings in shares of TransDigm Group by 24.7% in the 3rd quarter. Andra AP fonden now owns 12,100 shares of the aerospace company’s stock worth $4,505,000 after purchasing an additional 2,400 shares during the last quarter. Capital International Investors grew its holdings in shares of TransDigm Group by 177.2% in the 3rd quarter. Capital International Investors now owns 4,456,405 shares of the aerospace company’s stock worth $1,659,120,000 after purchasing an additional 2,849,039 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of TransDigm Group by 13.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 26,204 shares of the aerospace company’s stock worth $9,756,000 after purchasing an additional 3,153 shares during the last quarter.
A number of brokerages have commented on TDG. Zacks Investment Research lowered shares of TransDigm Group from a “hold” rating to a “sell” rating in a report on Friday. Canaccord Genuity increased their price objective on shares of TransDigm Group from $400.00 to $460.00 and gave the stock a “buy” rating in a report on Wednesday. Credit Suisse Group increased their price objective on shares of TransDigm Group from $405.00 to $476.00 and gave the stock an “outperform” rating in a report on Wednesday. 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. Finally, Jefferies Financial Group reissued a “hold” rating and set a $355.00 price objective on shares of TransDigm Group in a report on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $400.00.
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, beating the consensus estimate of $3.19 by $0.66. The company had revenue of $993.30 million for the quarter, compared to analyst estimates of $957.66 million. TransDigm Group had a net margin of 20.57% and a negative return on equity of 43.35%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.65 EPS. On average, equities analysts forecast that TransDigm Group Incorporated will post 15.61 earnings per share for the current year.
In other news, insider Sarah Wynne sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 7th. The shares were sold at an average price of $420.03, for a total value of $1,260,090.00. Following the transaction, the insider now owns 3,100 shares of the company’s stock, valued at approximately $1,302,093. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider James Skulina sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 12th. The shares were sold at an average price of $345.46, for a total transaction of $5,181,900.00. Following the completion of the transaction, the insider now directly owns 19,000 shares in the company, valued at approximately $6,563,740. The disclosure for this sale can be found here. Insiders sold a total of 35,083 shares of company stock worth $13,592,080 in the last ninety days. Insiders own 11.00% of the company’s stock.
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TransDigm Group 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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