TransDigm Group (TDG) Shares Sold by Bamco Inc. NY

Bamco Inc. NY lessened its holdings in TransDigm Group (NYSE:TDG) by 15.8% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 400,000 shares of the aerospace company’s stock after selling 75,000 shares during the period. Bamco Inc. NY owned approximately 0.76% of TransDigm Group worth $122,776,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in TDG. Northwestern Mutual Wealth Management Co. boosted its stake in shares of TransDigm Group by 43.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock worth $142,000 after buying an additional 158 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of TransDigm Group by 540.5% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock worth $148,000 after buying an additional 454 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of TransDigm Group by 45.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock worth $177,000 after buying an additional 202 shares during the last quarter. Alps Advisors Inc. purchased a new position in shares of TransDigm Group in the 4th quarter worth approximately $205,000. Finally, Sciencast Management LP purchased a new position in shares of TransDigm Group in the 4th quarter worth approximately $252,000.

NYSE:TDG opened at $324.33 on Friday. The company has a current ratio of 3.04, a quick ratio of 2.09 and a debt-to-equity ratio of -4.92. The company has a market capitalization of $17.06 billion, a P/E ratio of 27.00, a P/E/G ratio of 1.66 and a beta of 0.79. TransDigm Group has a 12 month low of $323.47 and a 12 month high of $325.08.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.51 by $0.28. The company had revenue of $933.10 million for the quarter, compared to analysts’ expectations of $930.30 million. TransDigm Group had a net margin of 19.77% and a negative return on equity of 28.60%. TransDigm Group’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.03 EPS. sell-side analysts expect that TransDigm Group will post 17.17 EPS for the current year.

In other TransDigm Group news, Director Raymond F. Laubenthal sold 11,900 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $325.82, for a total transaction of $3,877,258.00. Following the sale, the director now owns 25,112 shares of the company’s stock, valued at approximately $8,181,991.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Roger Jones sold 5,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $299.15, for a total transaction of $1,495,750.00. Following the sale, the insider now directly owns 9,000 shares in the company, valued at approximately $2,692,350. The disclosure for this sale can be found here. Insiders have sold a total of 108,600 shares of company stock worth $34,139,170 in the last three months. Insiders own 10.52% of the company’s stock.

A number of equities analysts have recently weighed in on the company. ValuEngine downgraded TransDigm Group from a “buy” rating to a “hold” rating in a research note on Thursday. Wolfe Research downgraded TransDigm Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Zacks Investment Research upgraded TransDigm Group from a “hold” rating to a “buy” rating and set a $359.00 target price on the stock in a research note on Monday, May 7th. Cowen restated a “hold” rating on shares of TransDigm Group in a research note on Tuesday, May 1st. Finally, Canaccord Genuity lifted their price target on shares of TransDigm Group from $330.00 to $350.00 and gave the stock a “buy” rating in a report on Monday, April 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. TransDigm Group has an average rating of “Buy” and a consensus target price of $331.00.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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