TransDigm Group Inc. (TDG) Shares Sold by Seven Bridges Advisors LLC
Seven Bridges Advisors LLC cut its position in shares of TransDigm Group Inc. (NYSE:TDG) by 33.0% during the second quarter, Holdings Channel reports. The institutional investor owned 1,489 shares of the company’s stock after selling 735 shares during the period. Seven Bridges Advisors LLC’s holdings in TransDigm Group were worth $392,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. BlackRock Japan Co. Ltd boosted its stake in shares of TransDigm Group by 1.2% in the first quarter. BlackRock Japan Co. Ltd now owns 68,575 shares of the company’s stock worth $15,110,000 after buying an additional 797 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in TransDigm Group by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,340,317 shares of the company’s stock valued at $295,325,000 after buying an additional 22,274 shares during the period. BlackRock Group LTD boosted its stake in TransDigm Group by 9.9% in the first quarter. BlackRock Group LTD now owns 331,393 shares of the company’s stock valued at $73,020,000 after buying an additional 29,890 shares during the period. BlackRock Inc. boosted its stake in TransDigm Group by 78.5% in the first quarter. BlackRock Inc. now owns 81,315 shares of the company’s stock valued at $17,916,000 after buying an additional 35,748 shares during the period. Finally, Prudential Financial Inc. boosted its stake in TransDigm Group by 6.4% in the first quarter. Prudential Financial Inc. now owns 3,473 shares of the company’s stock valued at $765,000 after buying an additional 210 shares during the period. Institutional investors own 87.74% of the company’s stock.
TransDigm Group Inc. (NYSE:TDG) traded down 0.99% during mid-day trading on Tuesday, reaching $279.71. The company’s stock had a trading volume of 286,928 shares. The firm has a 50 day moving average price of $284.43 and a 200-day moving average price of $255.56. TransDigm Group Inc. has a 1-year low of $180.76 and a 1-year high of $294.38. The company has a market capitalization of $14.90 billion, a PE ratio of 29.58 and a beta of 0.82.
TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.27. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. The company had revenue of $797.70 million for the quarter, compared to analyst estimates of $805.23 million. During the same period in the prior year, the company posted $2.26 EPS. The company’s revenue was up 15.4% compared to the same quarter last year. On average, equities analysts predict that TransDigm Group Inc. will post $11.39 EPS for the current fiscal year.
Several equities research analysts have recently commented on TDG shares. Canaccord Genuity restated a “buy” rating and set a $280.00 price target on shares of TransDigm Group in a research note on Tuesday, June 21st. KeyCorp upgraded TransDigm Group from a “sector weight” rating to an “overweight” rating in a research note on Wednesday, June 29th. Barclays PLC upped their price target on TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 10th. Zacks Investment Research cut TransDigm Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $271.00 price target on shares of TransDigm Group in a research note on Saturday, June 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. TransDigm Group currently has a consensus rating of “Hold” and an average price target of $276.56.
In related news, insider Roger Jones sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $285.92, for a total transaction of $2,144,400.00. Following the sale, the insider now directly owns 11,500 shares in the company, valued at approximately $3,288,080. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bernt G. Iversen II sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $287.16, for a total value of $2,871,600.00. Following the sale, the insider now owns 15,010 shares in the company, valued at $4,310,271.60. The disclosure for this sale can be found here. Corporate insiders own 9.30% of the company’s stock.
About TransDigm Group
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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