TransDigm Group Incorporated (NYSE:TDG) is Bluegrass Capital Partners LP’s Largest Position

Bluegrass Capital Partners LP reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,500 shares of the aerospace company’s stock after selling 500 shares during the period. TransDigm Group accounts for 12.9% of Bluegrass Capital Partners LP’s portfolio, making the stock its largest position. Bluegrass Capital Partners LP’s holdings in TransDigm Group were worth $14,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. State Street Corp grew its position in shares of TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after buying an additional 29,489 shares during the period. Principal Financial Group Inc. boosted its stake in TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the period. FMR LLC increased its stake in shares of TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after purchasing an additional 43,604 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of TransDigm Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after purchasing an additional 19,314 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on TDG shares. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 20,000 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the completion of the sale, the director now directly owns 95,356 shares in the company, valued at $127,796,111.20. This represents a 17.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 181,647 shares of company stock worth $236,483,623. Company insiders own 4.09% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG opened at $1,335.77 on Tuesday. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32. The business has a fifty day moving average of $1,321.06 and a 200 day moving average of $1,327.03. The firm has a market capitalization of $74.92 billion, a P/E ratio of 47.12, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (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 during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the company posted $7.16 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.