Plato Investment Management Ltd Has $1.48 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Plato Investment Management Ltd increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 18.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,160 shares of the aerospace company’s stock after buying an additional 177 shares during the period. Plato Investment Management Ltd’s holdings in TransDigm Group were worth $1,475,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in TransDigm Group during the 4th quarter worth approximately $77,000. Jones Financial Companies Lllp lifted its position in shares of TransDigm Group by 161.0% in the 4th quarter. Jones Financial Companies Lllp now owns 911 shares of the aerospace company’s stock worth $1,154,000 after purchasing an additional 562 shares during the period. SRS Capital Advisors Inc. lifted its position in shares of TransDigm Group by 1.9% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,260 shares of the aerospace company’s stock worth $1,597,000 after purchasing an additional 23 shares during the period. Norden Group LLC acquired a new position in shares of TransDigm Group in the 4th quarter worth approximately $3,746,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of TransDigm Group in the 4th quarter worth approximately $253,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Trading Up 0.2 %

Shares of TDG stock opened at $1,369.82 on Tuesday. The firm has a market capitalization of $76.83 billion, a PE ratio of 48.32, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. The firm has a fifty day simple moving average of $1,315.70 and a two-hundred day simple moving average of $1,325.43. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $7.16 EPS. On average, equities analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TDG shares. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,762,872. This represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,647 shares of company stock worth $155,847,223 in the last quarter. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.