Oregon Public Employees Retirement Fund Sells 17,172 Shares of Transdigm Group Incorporated (TDG)
Oregon Public Employees Retirement Fund trimmed its holdings in Transdigm Group Incorporated (NYSE:TDG) by 76.5% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,269 shares of the aerospace company’s stock after selling 17,172 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Transdigm Group were worth $1,347,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. raised its holdings in Transdigm Group by 47.6% during the 3rd quarter. American Century Companies Inc. now owns 5,086 shares of the aerospace company’s stock valued at $1,300,000 after buying an additional 1,641 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in Transdigm Group by 23.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 32,145 shares of the aerospace company’s stock valued at $8,218,000 after buying an additional 6,021 shares during the last quarter. Stevens Capital Management LP bought a new stake in Transdigm Group during the 3rd quarter valued at $1,900,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in Transdigm Group by 4.2% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,887 shares of the aerospace company’s stock valued at $2,016,000 after buying an additional 317 shares during the last quarter. Finally, Country Trust Bank raised its holdings in Transdigm Group by 13.4% during the 3rd quarter. Country Trust Bank now owns 97,834 shares of the aerospace company’s stock valued at $25,011,000 after buying an additional 11,595 shares during the last quarter.
TDG has been the subject of several research reports. Zacks Investment Research lowered shares of Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Vertical Research restated a “buy” rating and issued a $316.00 price objective (up from $280.00) on shares of Transdigm Group in a report on Thursday, August 10th. Jefferies Group LLC upped their price objective on shares of Transdigm Group from $283.00 to $322.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub lowered shares of Transdigm Group from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Wolfe Research upgraded shares of Transdigm Group from a “market perform” rating to an “outperform” rating in a report on Friday, November 10th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $295.11.
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Transdigm Group Incorporated (TDG) opened at $268.02 on Wednesday. The company has a debt-to-equity ratio of -3.86, a quick ratio of 1.51 and a current ratio of 2.36. The stock has a market cap of $13,613.44, a PE ratio of 22.00, a price-to-earnings-growth ratio of 2.16 and a beta of 0.50. Transdigm Group Incorporated has a one year low of $203.72 and a one year high of $295.00.
Transdigm Group (NYSE:TDG) last posted its earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.18 by $0.30. The business had revenue of $923.89 million for the quarter, compared to analysts’ expectations of $959.77 million. Transdigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.29 EPS. equities research analysts forecast that Transdigm Group Incorporated will post 12.76 earnings per share for the current fiscal year.
In other news, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $263.78, for a total value of $1,582,680.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Robert S. Henderson sold 15,000 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $263.74, for a total transaction of $3,956,100.00. The disclosure for this sale can be found here. Insiders sold a total of 27,000 shares of company stock worth $7,063,920 in the last quarter. Company insiders own 10.52% of the company’s stock.
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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