CIBC Asset Management Inc Has $1.37 Million Stake in Transdigm Group Incorporated (TDG)
CIBC Asset Management Inc increased its position in Transdigm Group Incorporated (NYSE:TDG) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 5,096 shares of the aerospace company’s stock after buying an additional 8 shares during the period. CIBC Asset Management Inc’s holdings in Transdigm Group were worth $1,370,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Transdigm Group by 1.6% in the first quarter. Vanguard Group Inc. now owns 4,747,472 shares of the aerospace company’s stock worth $1,045,202,000 after buying an additional 76,623 shares during the period. Principal Financial Group Inc. boosted its position in Transdigm Group by 16.0% in the first quarter. Principal Financial Group Inc. now owns 2,651,540 shares of the aerospace company’s stock worth $583,763,000 after buying an additional 366,443 shares during the period. State Street Corp boosted its position in Transdigm Group by 1.7% in the first quarter. State Street Corp now owns 2,229,338 shares of the aerospace company’s stock worth $490,796,000 after buying an additional 36,321 shares during the period. Morgan Stanley boosted its position in Transdigm Group by 37.7% in the first quarter. Morgan Stanley now owns 1,408,740 shares of the aerospace company’s stock worth $310,149,000 after buying an additional 385,775 shares during the period. Finally, Blue Ridge Capital L.L.C. boosted its position in Transdigm Group by 18.1% in the first quarter. Blue Ridge Capital L.L.C. now owns 1,390,400 shares of the aerospace company’s stock worth $306,110,000 after buying an additional 212,800 shares during the period.
Shares of Transdigm Group Incorporated (TDG) opened at 273.38 on Friday. The firm’s 50-day moving average price is $276.64 and its 200-day moving average price is $252.43. Transdigm Group Incorporated has a 52-week low of $203.72 and a 52-week high of $295.00. The stock has a market cap of $14.22 billion, a P/E ratio of 30.41 and a beta of 0.56.
Transdigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.32. Transdigm Group had a negative return on equity of 42.59% and a net margin of 14.47%. The business had revenue of $907.67 million during the quarter, compared to analyst estimates of $903.99 million. During the same period last year, the company earned $3.09 earnings per share. Transdigm Group’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities research analysts forecast that Transdigm Group Incorporated will post $12.30 earnings per share for the current fiscal year.
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TDG has been the subject of a number of recent analyst reports. Cowen and Company reaffirmed a “market perform” rating and issued a $290.00 price objective (up previously from $219.00) on shares of Transdigm Group in a research report on Thursday. Zacks Investment Research downgraded Transdigm Group from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. BidaskClub downgraded Transdigm Group from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Canaccord Genuity reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Transdigm Group in a research report on Wednesday, May 10th. Finally, Deutsche Bank AG reaffirmed a “neutral” rating on shares of Transdigm Group in a research report on Friday, April 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Transdigm Group presently has an average rating of “Buy” and a consensus price target of $297.52.
In related news, insider Jorge Valladares sold 100 shares of the stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $276.00, for a total transaction of $27,600.00. Following the completion of the sale, the insider now directly owns 9,100 shares in the company, valued at $2,511,600. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $281.81, for a total value of $1,690,860.00. Following the sale, the director now owns 75,701 shares of the company’s stock, valued at $21,333,298.81. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,000 shares of company stock valued at $4,952,017. 10.52% of the stock is owned by corporate insiders.
About Transdigm Group
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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