Jackson Park Capital LLC lowered its stake in TransDigm Group Inc. (NYSE:TDG) by 20.0% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,000 shares of the company’s stock after selling 1,000 shares during the period. TransDigm Group comprises 1.4% of Jackson Park Capital LLC’s holdings, making the stock its 29th largest position. Jackson Park Capital LLC’s holdings in TransDigm Group were worth $1,055,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Barclays PLC boosted its stake in shares of TransDigm Group by 2.5% in the first quarter. Barclays PLC now owns 3,947 shares of the company’s stock valued at $868,000 after buying an additional 95 shares during the period. Scotia Capital Inc. boosted its stake in shares of TransDigm Group by 11.2% in the first quarter. Scotia Capital Inc. now owns 1,262 shares of the company’s stock valued at $278,000 after buying an additional 127 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of TransDigm Group by 1.9% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,079 shares of the company’s stock valued at $1,560,000 after buying an additional 133 shares during the period. Checchi Capital Advisers LLC boosted its stake in shares of TransDigm Group by 19.0% in the second quarter. Checchi Capital Advisers LLC now owns 1,172 shares of the company’s stock valued at $309,000 after buying an additional 187 shares during the period. Finally, Prudential Financial Inc. boosted its stake in shares of TransDigm Group by 6.4% in the first quarter. Prudential Financial Inc. now owns 3,473 shares of the company’s stock valued at $765,000 after buying an additional 210 shares during the period. 87.73% of the stock is currently owned by institutional investors.
Shares of TransDigm Group Inc. (NYSE:TDG) traded down 1.41% during mid-day trading on Friday, reaching $281.47. 831,876 shares of the company’s stock were exchanged. TransDigm Group Inc. has a 52 week low of $180.76 and a 52 week high of $294.38. The stock has a market cap of $14.99 billion, a price-to-earnings ratio of 29.77 and a beta of 0.72. The stock has a 50 day moving average price of $286.12 and a 200 day moving average price of $260.75.
TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.82 by $0.27. The company had revenue of $797.70 million for the quarter, compared to analyst estimates of $805.23 million. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. TransDigm Group’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.26 earnings per share. Equities research analysts predict that TransDigm Group Inc. will post $11.39 EPS for the current year.
Several research analysts have recently commented on the company. Canaccord Genuity reiterated a “buy” rating and set a $325.00 price target on shares of TransDigm Group in a report on Wednesday, September 7th. Zacks Investment Research lowered TransDigm Group from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. Wolfe Research lowered TransDigm Group from an “outperform” rating to a “market perform” rating in a report on Friday, July 29th. Barclays PLC lifted their price target on TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, August 10th. Finally, Deutsche Bank AG lifted their price target on TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. TransDigm Group currently has an average rating of “Hold” and an average price target of $288.18.
In related news, insider Peter Palmer sold 20,500 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $281.84, for a total transaction of $5,777,720.00. Following the sale, the insider now owns 14,000 shares of the company’s stock, valued at $3,945,760. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Roger Jones sold 7,500 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $285.92, for a total value of $2,144,400.00. Following the sale, the insider now directly owns 11,500 shares in the company, valued at approximately $3,288,080. The disclosure for this sale can be found here. Corporate insiders own 9.30% of the company’s stock.
About TransDigm Group
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its 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.
Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransDigm Group Inc. (NYSE:TDG).
Receive News & Ratings for TransDigm Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.