TransDigm Group Incorporated (NYSE:TDG) is Investidor Profissional Gestao de Recursos Ltda.’s 2nd Largest Position

Investidor Profissional Gestao de Recursos Ltda. lowered its position in TransDigm Group Incorporated (NYSE:TDG) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,649 shares of the aerospace company’s stock after selling 37 shares during the period. TransDigm Group accounts for approximately 7.1% of Investidor Profissional Gestao de Recursos Ltda.’s portfolio, making the stock its 2nd biggest holding. Investidor Profissional Gestao de Recursos Ltda.’s holdings in TransDigm Group were worth $12,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after purchasing an additional 79,284 shares during the last quarter. State Street Corp boosted its stake in TransDigm Group by 1.3% during the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after buying an additional 29,489 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after buying an additional 206,822 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of TransDigm Group by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company’s stock worth $1,636,409,000 after acquiring an additional 159,839 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, March 31st. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company lifted their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research report on Tuesday, March 25th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,480.12.

TransDigm Group Stock Down 9.1 %

TransDigm Group stock opened at $1,238.81 on Friday. The company’s 50 day moving average is $1,343.93 and its two-hundred day moving average is $1,329.95. The firm has a market cap of $69.48 billion, a PE ratio of 43.70, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32.

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

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,896,144. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,594 shares of company stock valued at $165,646,468. 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.