Mediolanum International Funds Ltd Buys New Position in TransDigm Group Incorporated (NYSE:TDG)

Mediolanum International Funds Ltd acquired a new stake in TransDigm Group Incorporated (NYSE:TDGFree Report) during the first quarter, Holdings Channel reports. The institutional investor acquired 4,548 shares of the aerospace company’s stock, valued at approximately $5,611,000.

A number of other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC boosted its stake in shares of TransDigm Group by 4.9% in the first quarter. Proficio Capital Partners LLC now owns 561 shares of the aerospace company’s stock worth $691,000 after buying an additional 26 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of TransDigm Group in the first quarter worth about $39,000. Smith Salley Wealth Management purchased a new stake in shares of TransDigm Group in the first quarter worth about $229,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of TransDigm Group by 0.8% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company’s stock worth $1,190,000 after buying an additional 8 shares during the last quarter. Finally, Patron Partners LLC purchased a new stake in shares of TransDigm Group in the first quarter worth about $238,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total transaction of $13,085,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,674,906.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $1,308.52, for a total value of $13,085,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,674,906.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,439,160. The disclosure for this sale can be found here. Insiders sold a total of 100,833 shares of company stock valued at $131,249,183 over the last quarter. 4.96% of the stock is owned by insiders.

Analyst Ratings Changes

TDG has been the topic of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Thursday, June 27th. Citigroup increased their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 27th. Robert W. Baird increased their price target on TransDigm Group from $1,290.00 to $1,357.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research report on Thursday, June 20th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and an average target price of $1,414.06.

View Our Latest Research Report on TDG

TransDigm Group Price Performance

Shares of NYSE:TDG traded up $2.22 during midday trading on Wednesday, hitting $1,272.68. The company had a trading volume of 229,576 shares, compared to its average volume of 220,830. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,369.57. The stock has a market cap of $71.22 billion, a price-to-earnings ratio of 50.41, a price-to-earnings-growth ratio of 2.14 and a beta of 1.38. The business’s 50-day simple moving average is $1,307.97 and its 200-day simple moving average is $1,200.82.

TransDigm Group (NYSE:TDGGet Free Report) last posted its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.42 by $0.57. The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.39 earnings per share. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 30.11 EPS for the current year.

About TransDigm Group

(Free Report)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The 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.

See Also

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

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