Xponance Inc. Reduces Holdings in TransDigm Group Incorporated (NYSE:TDG)

Xponance Inc. trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 8,382 shares of the aerospace company’s stock after selling 39 shares during the period. Xponance Inc.’s holdings in TransDigm Group were worth $10,622,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the 3rd quarter valued at $29,000. Capital Advisors Ltd. LLC grew its holdings in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after buying an additional 16 shares in the last quarter. Trust Co. of Vermont grew its holdings in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after buying an additional 15 shares in the last quarter. Versant Capital Management Inc grew its holdings in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares in the last quarter. Finally, Sachetta LLC grew its holdings in TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock valued at $44,000 after buying an additional 18 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TDG has been the subject of several analyst reports. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Barclays restated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Stock Performance

TDG opened at $1,341.80 on Wednesday. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The company has a market cap of $75.25 billion, a P/E ratio of 47.33, a PEG ratio of 2.76 and a beta of 1.38. The business’s 50-day simple moving average is $1,330.19 and its 200-day simple moving average is $1,327.02.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the business posted $7.16 EPS. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert J. Small sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the transaction, the director now owns 95,147 shares in the company, valued at $127,042,177.34. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the transaction, the director now owns 21,548 shares in the company, valued at $27,942,799.96. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,594 shares of company stock worth $165,337,618. 4.09% of the stock is currently owned by insiders.

TransDigm Group Company Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.