Oregon Public Employees Retirement Fund Decreases Holdings in TransDigm Group Incorporated (TDG)
Oregon Public Employees Retirement Fund lowered its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,043 shares of the aerospace company’s stock after selling 238 shares during the period. Oregon Public Employees Retirement Fund’s holdings in TransDigm Group were worth $2,289,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Windacre Partnership LLC lifted its stake in shares of TransDigm Group by 73.1% in the 4th quarter. Windacre Partnership LLC now owns 1,631,200 shares of the aerospace company’s stock valued at $554,706,000 after purchasing an additional 688,700 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of TransDigm Group by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 606,428 shares of the aerospace company’s stock valued at $205,851,000 after purchasing an additional 38,741 shares during the last quarter. Northern Trust Corp lifted its stake in shares of TransDigm Group by 3.8% in the 4th quarter. Northern Trust Corp now owns 517,082 shares of the aerospace company’s stock valued at $175,839,000 after purchasing an additional 18,796 shares during the last quarter. Norges Bank acquired a new stake in shares of TransDigm Group in the 4th quarter valued at $146,363,000. Finally, Valinor Management L.P. lifted its stake in shares of TransDigm Group by 1.7% in the 4th quarter. Valinor Management L.P. now owns 348,816 shares of the aerospace company’s stock valued at $118,619,000 after purchasing an additional 5,970 shares during the last quarter.
In other news, Director Mervin Dunn sold 8,944 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $432.28, for a total transaction of $3,866,312.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Staer sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $464.67, for a total transaction of $1,161,675.00. Following the transaction, the director now owns 1,691 shares in the company, valued at approximately $785,756.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,693 shares of company stock worth $28,150,853. Insiders own 11.00% of the company’s stock.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $4.21 EPS for the quarter, topping the consensus estimate of $3.73 by $0.48. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $3.79 EPS. The business’s quarterly revenue was up 28.2% on a year-over-year basis. On average, analysts expect that TransDigm Group Incorporated will post 16.12 earnings per share for the current fiscal year.
TDG has been the subject of several analyst reports. Goldman Sachs Group initiated coverage on shares of TransDigm Group in a research note on Monday, March 18th. They issued a “buy” rating for the company. SunTrust Banks lifted their price objective on shares of TransDigm Group to $452.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Credit Suisse Group lifted their target price on shares of TransDigm Group from $476.00 to $539.00 and gave the stock an “outperform” rating in a report on Wednesday, May 8th. Zacks Investment Research upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $513.00 target price on the stock in a report on Tuesday, April 16th. Finally, Barclays reiterated a “buy” rating on shares of TransDigm Group in a report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. TransDigm Group currently has a consensus rating of “Buy” and an average target price of $454.64.
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TransDigm Group Company 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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