Trexquant Investment LP Buys New Stake in Transdigm Group Incorporated (TDG)

Trexquant Investment LP bought a new position in Transdigm Group Incorporated (NYSE:TDG) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 818 shares of the aerospace company’s stock, valued at approximately $209,000.

A number of other large investors have also modified their holdings of TDG. Northwestern Mutual Wealth Management Co. increased its position in shares of Transdigm Group by 3.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 382 shares of the aerospace company’s stock valued at $103,000 after acquiring an additional 14 shares during the period. Korea Investment CORP increased its position in shares of Transdigm Group by 142.6% in the second quarter. Korea Investment CORP now owns 495 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 291 shares during the period. HighTower Advisors LLC purchased a new position in shares of Transdigm Group in the second quarter valued at about $201,000. Laurion Capital Management LP purchased a new position in shares of Transdigm Group in the second quarter valued at about $205,000. Finally, ETF Managers Group LLC purchased a new position in shares of Transdigm Group in the second quarter valued at about $224,000.

In related news, CEO W Nicholas Howley sold 63,776 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $268.60, for a total transaction of $17,130,233.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $254.19, for a total transaction of $1,525,140.00. Following the sale, the director now directly owns 75,701 shares in the company, valued at approximately $19,242,437.19. The disclosure for this sale can be found here. Insiders have sold 98,648 shares of company stock worth $26,299,932 in the last three months. 10.52% of the stock is currently owned by insiders.

Shares of Transdigm Group Incorporated (NYSE TDG) traded down $0.53 during midday trading on Friday, hitting $274.62. 281,342 shares of the company traded hands, compared to its average volume of 407,569. Transdigm Group Incorporated has a one year low of $203.72 and a one year high of $295.00. The company has a debt-to-equity ratio of -3.86, a current ratio of 2.45 and a quick ratio of 1.61. The stock has a market capitalization of $14,269.25, a PE ratio of 23.06, a P/E/G ratio of 2.32 and a beta of 0.50.

Transdigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.30. Transdigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The company had revenue of $923.89 million for the quarter, compared to analysts’ expectations of $959.77 million. During the same quarter in the previous year, the company earned $3.29 earnings per share. Transdigm Group’s quarterly revenue was up 5.6% on a year-over-year basis. equities analysts anticipate that Transdigm Group Incorporated will post 12.66 EPS for the current year.

A number of equities analysts have issued reports on TDG shares. Royal Bank Of Canada restated a “buy” rating and issued a $316.00 price objective on shares of Transdigm Group in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of Transdigm Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. SunTrust Banks restated a “buy” rating and issued a $300.00 price objective on shares of Transdigm Group in a research report on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating and set a $300.00 price target on shares of Transdigm Group in a research report on Thursday, October 12th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $330.00 price target on shares of Transdigm Group in a research report on Friday, September 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $296.87.

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Transdigm Group Profile

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The 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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Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

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