Mainstay Capital Management LLC ADV Cuts Stake in TransDigm Group Incorporated (TDG)
Mainstay Capital Management LLC ADV lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 14.1% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,975 shares of the aerospace company’s stock after selling 488 shares during the period. TransDigm Group makes up approximately 1.0% of Mainstay Capital Management LLC ADV’s portfolio, making the stock its 25th largest position. Mainstay Capital Management LLC ADV’s holdings in TransDigm Group were worth $1,351,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in TDG. Pinnacle Bank acquired a new stake in TransDigm Group during the fourth quarter valued at $37,000. Machina Capital S.A.S. acquired a new stake in shares of TransDigm Group in the fourth quarter valued at about $39,000. JOYN Advisors Inc. grew its position in shares of TransDigm Group by 33.3% in the fourth quarter. JOYN Advisors Inc. now owns 132 shares of the aerospace company’s stock valued at $45,000 after purchasing an additional 33 shares during the period. Bronfman E.L. Rothschild L.P. lifted its stake in shares of TransDigm Group by 100.0% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 144 shares of the aerospace company’s stock worth $49,000 after buying an additional 72 shares in the last quarter. Finally, Carroll Financial Associates Inc. lifted its stake in shares of TransDigm Group by 56.9% in the first quarter. Carroll Financial Associates Inc. now owns 113 shares of the aerospace company’s stock worth $51,000 after buying an additional 41 shares in the last quarter.
Shares of NYSE:TDG traded up $12.37 during midday trading on Tuesday, hitting $479.70. The company’s stock had a trading volume of 243,090 shares, compared to its average volume of 366,554. TransDigm Group Incorporated has a 12-month low of $307.36 and a 12-month high of $480.22. The company has a market cap of $24.99 billion, a P/E ratio of 28.23, a P/E/G ratio of 1.99 and a beta of 1.01.
In other TransDigm Group news, EVP Jorge Valladares sold 5,000 shares of TransDigm Group stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $436.99, for a total transaction of $2,184,950.00. Following the transaction, the executive vice president now directly owns 14,000 shares of the company’s stock, valued at $6,117,860. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO W Nicholas Howley sold 17,083 shares of TransDigm Group stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $418.55, for a total transaction of $7,150,089.65. Following the transaction, the chief executive officer now directly owns 43,818 shares in the company, valued at $18,340,023.90. The disclosure for this sale can be found here. Insiders have sold 95,357 shares of company stock worth $41,248,657 over the last ninety days. 11.00% of the stock is owned by insiders.
Several equities analysts have recently weighed in on the stock. Longbow Research assumed coverage on shares of TransDigm Group in a research note on Tuesday, April 9th. They issued a “neutral” rating on the stock. Cowen reissued a “buy” rating and issued a $520.00 price target (up from $460.00) on shares of TransDigm Group in a research note on Monday, March 25th. Zacks Investment Research raised shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 price target on the stock in a research note on Tuesday, April 16th. Jefferies Financial Group reissued a “hold” rating and issued a $355.00 price target on shares of TransDigm Group in a research note on Tuesday, January 8th. Finally, Goldman Sachs Group assumed coverage on shares of TransDigm Group in a research note on Monday, March 18th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $429.82.
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TransDigm Group Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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