TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC trimmed its position in TransDigm Group Incorporated (NYSE:TDG) by 14.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 231 shares of the aerospace company’s stock after selling 38 shares during the period. Sentry Investment Management LLC’s holdings in TransDigm Group were worth $293,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Windacre Partnership LLC raised its stake in TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after buying an additional 217,700 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after acquiring an additional 185,422 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. FMR LLC lifted its stake in TransDigm Group by 2.3% during the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after purchasing an additional 43,604 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in TransDigm Group by 36.9% in the third quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock valued at $172,506,000 after purchasing an additional 32,609 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,647 shares of company stock valued at $155,847,223 in the last three months. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,336.21 on Wednesday. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32. The company has a market cap of $74.94 billion, a P/E ratio of 47.13, a PEG ratio of 2.76 and a beta of 1.40. The firm has a fifty day moving average of $1,308.65 and a two-hundred day moving average of $1,322.47.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the company posted $7.16 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a report on Monday. Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Finally, Barclays restated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and an average target price of $1,472.47.

TransDigm Group Profile

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.