Kestra Advisory Services LLC reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 42.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 707 shares of the aerospace company’s stock after selling 517 shares during the period. Kestra Advisory Services LLC’s holdings in TransDigm Group were worth $416,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in TDG. Level Four Advisory Services LLC boosted its position in shares of TransDigm Group by 9.6% in the first quarter. Level Four Advisory Services LLC now owns 2,183 shares of the aerospace company’s stock worth $1,283,000 after buying an additional 191 shares during the period. Voloridge Investment Management LLC acquired a new stake in TransDigm Group in the fourth quarter valued at approximately $2,495,000. Truist Financial Corp raised its stake in shares of TransDigm Group by 13.6% during the fourth quarter. Truist Financial Corp now owns 25,767 shares of the aerospace company’s stock valued at $15,946,000 after purchasing an additional 3,093 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of TransDigm Group in the fourth quarter valued at $965,000. Finally, Mackenzie Financial Corp grew its holdings in TransDigm Group by 5.4% during the 4th quarter. Mackenzie Financial Corp now owns 1,071 shares of the aerospace company’s stock valued at $663,000 after purchasing an additional 55 shares in the last quarter. 95.33% of the stock is currently owned by institutional investors.
In related news, VP Robert S. Henderson sold 10,000 shares of the stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $664.65, for a total value of $6,646,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kevin M. Stein sold 40,000 shares of TransDigm Group stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $664.50, for a total transaction of $26,580,000.00. Following the completion of the sale, the chief executive officer now owns 41,347 shares in the company, valued at $27,475,081.50. The disclosure for this sale can be found here. Insiders have sold a total of 82,900 shares of company stock valued at $53,542,531 in the last 90 days. Insiders own 9.13% of the company’s stock.
TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, May 11th. The aerospace company reported $2.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.38. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. TransDigm Group had a net margin of 5.11% and a negative return on equity of 13.26%. TransDigm Group’s revenue was down 17.3% on a year-over-year basis. During the same quarter last year, the company posted $5.10 earnings per share. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 9.84 earnings per share for the current year.
TDG has been the subject of a number of analyst reports. Canaccord Genuity upped their price objective on shares of TransDigm Group from $660.00 to $670.00 and gave the company a “buy” rating in a research report on Wednesday, May 12th. Vertical Research raised TransDigm Group from a “hold” rating to a “buy” rating and increased their price target for the company from $604.00 to $667.00 in a report on Wednesday, May 12th. Credit Suisse Group dropped their price objective on TransDigm Group from $663.00 to $660.00 and set an “outperform” rating on the stock in a report on Wednesday, May 12th. Morgan Stanley reduced their target price on TransDigm Group from $780.00 to $762.00 and set an “overweight” rating for the company in a research note on Wednesday, May 12th. Finally, Zacks Investment Research lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and set a $611.00 price target for the company. in a research note on Monday, February 15th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. TransDigm Group currently has an average rating of “Buy” and a consensus target price of $661.20.
TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.
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