CIBC Private Wealth Group LLC raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,744 shares of the aerospace company’s stock after buying an additional 4,775 shares during the period. CIBC Private Wealth Group LLC owned about 0.05% of TransDigm Group worth $9,096,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC raised its holdings in TransDigm Group by 36.4% in the 2nd quarter. FMR LLC now owns 1,413,320 shares of the aerospace company’s stock valued at $487,794,000 after acquiring an additional 376,984 shares during the period. Bank of Montreal Can raised its holdings in TransDigm Group by 49.1% in the 3rd quarter. Bank of Montreal Can now owns 27,560 shares of the aerospace company’s stock valued at $10,261,000 after acquiring an additional 9,079 shares during the period. First Hawaiian Bank bought a new position in TransDigm Group in the 3rd quarter valued at about $117,000. Andra AP fonden raised its holdings in TransDigm Group by 24.7% in the 3rd quarter. Andra AP fonden now owns 12,100 shares of the aerospace company’s stock valued at $4,505,000 after acquiring an additional 2,400 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in TransDigm Group by 10.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 10,413 shares of the aerospace company’s stock valued at $3,877,000 after acquiring an additional 1,012 shares during the period.
Shares of TDG opened at $432.09 on Thursday. TransDigm Group Incorporated has a 12 month low of $278.99 and a 12 month high of $433.47. The company has a market cap of $22.68 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99.
TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 5th. The aerospace company reported $3.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $957.66 million. During the same period last year, the firm earned $2.65 earnings per share. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, research analysts predict that TransDigm Group Incorporated will post 16.1 EPS for the current fiscal year.
Several research analysts have weighed in on the stock. SunTrust Banks increased their price target on shares of TransDigm Group to $452.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. Credit Suisse Group increased their price target on shares of TransDigm Group from $405.00 to $476.00 and gave the company an “outperform” rating in a report on Wednesday, February 6th. Canaccord Genuity increased their price target on shares of TransDigm Group from $400.00 to $460.00 and gave the company a “buy” rating in a report on Wednesday, February 6th. Zacks Investment Research cut shares of TransDigm Group from a “hold” rating to a “sell” rating in a report on Friday, February 8th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $355.00 target price on shares of TransDigm Group in a report on Tuesday, January 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $400.00.
In related news, CEO W Nicholas Howley sold 17,083 shares of the stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $418.55, for a total transaction of $7,150,089.65. Following the sale, the chief executive officer now owns 43,818 shares in the company, valued at approximately $18,340,023.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sarah Wynne sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $420.03, for a total transaction of $1,260,090.00. Following the sale, the insider now owns 3,100 shares in the company, valued at approximately $1,302,093. The disclosure for this sale can be found here. Insiders have sold 42,647 shares of company stock worth $18,045,639 over the last ninety days. Insiders own 11.00% of the company’s stock.
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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