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.
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.
ILLEGAL ACTIVITY WARNING: “Trexquant Investment LP Buys New Stake in Transdigm Group Incorporated (TDG)” was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.com-unik.info/2017/12/10/trexquant-investment-lp-buys-new-stake-in-transdigm-group-incorporated-tdg.html.
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.
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 Incorporated (NYSE:TDG).
What are top analysts saying about Transdigm Group Incorporated? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Transdigm Group Incorporated and related companies.