EULAV Asset Management Decreases Holdings in TransDigm Group Incorporated (NYSE:TDG)

EULAV Asset Management lessened its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 105,057 shares of the aerospace company’s stock after selling 2,400 shares during the period. TransDigm Group accounts for 3.2% of EULAV Asset Management’s holdings, making the stock its 2nd biggest position. EULAV Asset Management’s holdings in TransDigm Group were worth $133,137,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Personal Financial Services bought a new position in shares of TransDigm Group during the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group in the third quarter worth approximately $29,000. Trust Co. of Vermont increased its stake in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc raised its position in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares during the period. Finally, DT Investment Partners LLC lifted its stake in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,892,616. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 89,525 shares of company stock worth $112,769,801. 4.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on TDG shares. Citigroup raised their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $1,375.00 to $1,500.00 in a research note on Friday. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. KeyCorp lifted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $1,462.35.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,329.35 on Friday. The company has a market cap of $74.56 billion, a PE ratio of 46.89, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 1 year low of $1,100.86 and a 1 year high of $1,451.32. The stock’s 50 day simple moving average is $1,293.18 and its two-hundred day simple moving average is $1,313.89.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.16 EPS. Equities research analysts expect that TransDigm Group Incorporated will post 34.11 EPS for the current year.

About TransDigm Group

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.