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.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 5th. The aerospace company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.19 by $0.66. TransDigm Group had a net margin of 20.57% and a negative return on equity of 43.35%. The company had revenue of $993.30 million for the quarter, compared to the consensus estimate of $957.66 million. During the same period in the previous year, the firm earned $2.65 earnings per share. TransDigm Group’s quarterly revenue was up 17.1% compared to the same quarter last year. As a group, analysts expect that TransDigm Group Incorporated will post 16.17 earnings per share for the current year.

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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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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