Bishop Rock Capital L.P. Sells 5,721 Shares of TransDigm Group Incorporated (TDG)
Bishop Rock Capital L.P. decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 36.9% during the 4th quarter, HoldingsChannel reports. The fund owned 9,795 shares of the aerospace company’s stock after selling 5,721 shares during the period. TransDigm Group makes up about 2.3% of Bishop Rock Capital L.P.’s portfolio, making the stock its 21st biggest holding. Bishop Rock Capital L.P.’s holdings in TransDigm Group were worth $2,690,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of TDG. Nationwide Fund Advisors lifted its holdings in shares of TransDigm Group by 2.2% during the 3rd quarter. Nationwide Fund Advisors now owns 76,962 shares of the aerospace company’s stock valued at $19,675,000 after acquiring an additional 1,690 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of TransDigm Group by 2,214.1% during the 3rd quarter. First Trust Advisors LP now owns 48,041 shares of the aerospace company’s stock valued at $12,282,000 after acquiring an additional 45,965 shares in the last quarter. Aperio Group LLC lifted its holdings in shares of TransDigm Group by 16.4% during the 3rd quarter. Aperio Group LLC now owns 22,136 shares of the aerospace company’s stock valued at $5,659,000 after acquiring an additional 3,122 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of TransDigm Group during the 3rd quarter valued at $1,566,000. Finally, State Board of Administration of Florida Retirement System lifted its holdings in shares of TransDigm Group by 0.7% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 71,885 shares of the aerospace company’s stock valued at $18,377,000 after acquiring an additional 470 shares in the last quarter.
Several equities analysts recently weighed in on TDG shares. Royal Bank of Canada set a $346.00 target price on shares of TransDigm Group and gave the company a “buy” rating in a report on Thursday, November 16th. SunTrust Banks restated a “buy” rating on shares of TransDigm Group in a report on Friday, January 19th. Canaccord Genuity dropped their price target on shares of TransDigm Group from $330.00 to $315.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Bank of America lifted their price target on shares of TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Zacks Investment Research raised shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 price target on the stock in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $312.65.
Shares of TransDigm Group Incorporated (TDG) opened at $285.15 on Friday. TransDigm Group Incorporated has a one year low of $203.72 and a one year high of $321.38. The stock has a market cap of $14,880.00, a price-to-earnings ratio of 28.52, a P/E/G ratio of 1.45 and a beta of 0.85. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of -4.38.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.64 by ($0.21). The firm had revenue of $847.96 million for the quarter, compared to analysts’ expectations of $860.12 million. TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the firm earned $2.57 EPS. analysts expect that TransDigm Group Incorporated will post 16.69 earnings per share for the current fiscal year.
TransDigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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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