Macquarie Group Ltd. held its position in shares of TransDigm Group Inc. (NYSE:TDG) during the second quarter, Holdings Channel reports. The firm owned 400 shares of the company’s stock at the end of the second quarter. Macquarie Group Ltd.’s holdings in TransDigm Group were worth $105,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in TDG. Aviva PLC raised its position in shares of TransDigm Group by 8.7% in the first quarter. Aviva PLC now owns 36,970 shares of the company’s stock worth $8,146,000 after buying an additional 2,967 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in shares of TransDigm Group during the first quarter worth $507,000. M&T Bank Corp raised its position in shares of TransDigm Group by 6.6% in the first quarter. M&T Bank Corp now owns 14,025 shares of the company’s stock worth $3,091,000 after buying an additional 865 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of TransDigm Group by 21.1% in the first quarter. TimesSquare Capital Management LLC now owns 345,300 shares of the company’s stock worth $76,083,000 after buying an additional 60,200 shares in the last quarter. Finally, East Coast Asset Management LLC. raised its position in shares of TransDigm Group by 6.0% in the first quarter. East Coast Asset Management LLC. now owns 21,029 shares of the company’s stock worth $4,634,000 after buying an additional 1,187 shares in the last quarter. 87.73% of the stock is currently owned by institutional investors and hedge funds.
TransDigm Group Inc. (NYSE:TDG) opened at 283.80 on Thursday. The stock has a market cap of $15.12 billion, a P/E ratio of 30.02 and a beta of 0.72. TransDigm Group Inc. has a 52-week low of $180.76 and a 52-week high of $294.38. The stock has a 50 day moving average price of $286.07 and a 200 day moving average price of $260.58.
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. TransDigm Group had a negative return on equity of 62.15% and a net margin of 17.25%. The business earned $797.70 million during the quarter, compared to the consensus estimate of $805.23 million. During the same period in the previous year, the business earned $2.26 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities research analysts forecast that TransDigm Group Inc. will post $11.39 EPS for the current year.
A number of brokerages have recently weighed in on TDG. Canaccord Genuity reissued a “buy” rating and issued a $325.00 price objective 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 Tuesday. Deutsche Bank AG raised their target price on TransDigm Group from $260.00 to $300.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Barclays PLC raised their target price on TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, August 10th. Finally, Robert W. Baird started coverage on TransDigm Group in a report on Wednesday. They set an “outperform” rating and a $341.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $288.18.
In other news, insider Peter Palmer sold 20,500 shares of the business’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $281.84, for a total value of $5,777,720.00. Following the completion of the sale, the insider now directly owns 14,000 shares of the company’s stock, valued at approximately $3,945,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Roger Jones sold 7,500 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 11,500 shares of the company’s stock, valued at $3,288,080. The disclosure for this sale can be found here. 9.30% of the stock is owned by insiders.
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.
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