Public Employees Retirement Association of Colorado Sells 442 Shares of TransDigm Group Inc. (TDG)
Public Employees Retirement Association of Colorado decreased its position in shares of TransDigm Group Inc. (NYSE:TDG) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 175,561 shares of the company’s stock after selling 442 shares during the period. Public Employees Retirement Association of Colorado owned about 0.33% of TransDigm Group worth $46,294,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the stock. Mar Vista Investment Partners LLC increased its position in shares of TransDigm Group by 4.2% in the second quarter. Mar Vista Investment Partners LLC now owns 365,388 shares of the company’s stock valued at $96,349,000 after buying an additional 14,732 shares during the last quarter. Advisory Services Network LLC increased its position in shares of TransDigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock valued at $185,000 after buying an additional 543 shares during the last quarter. ING Groep NV acquired a new position in shares of TransDigm Group during the second quarter valued at approximately $505,000. Chase Investment Counsel Corp increased its position in shares of TransDigm Group by 38.7% in the second quarter. Chase Investment Counsel Corp now owns 4,065 shares of the company’s stock valued at $1,071,000 after buying an additional 1,135 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in shares of TransDigm Group by 54.3% in the second quarter. Candriam Luxembourg S.C.A. now owns 3,599 shares of the company’s stock valued at $949,000 after buying an additional 1,266 shares during the last quarter. 87.73% of the stock is currently owned by institutional investors.
TransDigm Group Inc. (NYSE:TDG) traded down 1.61% during mid-day trading on Friday, hitting $280.90. 1,006,936 shares of the company were exchanged. The company has a market capitalization of $14.96 billion, a P/E ratio of 29.71 and a beta of 0.72. TransDigm Group Inc. has a 12-month low of $180.76 and a 12-month high of $294.38. The company’s 50-day moving average is $286.12 and its 200 day moving average is $260.75.
TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, August 9th. The company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.82 by $0.27. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The firm had revenue of $797.70 million for the quarter, compared to analyst estimates of $805.23 million. During the same quarter last year, the business posted $2.26 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts expect that TransDigm Group Inc. will post $11.39 EPS for the current year.
Several research analysts have recently commented on the company. Jefferies Group set a $340.00 target price on TransDigm Group and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird assumed coverage on TransDigm Group in a report on Wednesday. They set an “outperform” rating and a $341.00 price objective on the stock. Barclays PLC upped their price objective on TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $325.00 price objective on shares of TransDigm Group in a report on Wednesday, September 7th. Finally, Zacks Investment Research downgraded TransDigm Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. TransDigm Group presently has a consensus rating of “Hold” and a consensus price target of $288.18.
In other TransDigm Group news, insider Bernt G. Iversen II sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $278.81, for a total value of $2,788,100.00. Following the sale, the insider now owns 15,010 shares in the company, valued at $4,184,938.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Peter Palmer sold 20,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total transaction of $5,777,720.00. Following the completion of the sale, the insider now owns 14,000 shares in the company, valued at approximately $3,945,760. The disclosure for this sale can be found here. 9.30% of the stock is currently owned by company 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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