DF Dent & Co. Inc. Sells 4,807 Shares of TransDigm Group Incorporated (NYSE:TDG)

DF Dent & Co. Inc. lowered its position in TransDigm Group Incorporated (NYSE:TDG) by 2.7% in the fourth quarter, HoldingsChannel reports. The fund owned 175,210 shares of the aerospace company’s stock after selling 4,807 shares during the quarter. TransDigm Group accounts for about 2.8% of DF Dent & Co. Inc.’s portfolio, making the stock its 6th largest position. DF Dent & Co. Inc.’s holdings in TransDigm Group were worth $222,040,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TDG. JPMorgan Chase & Co. grew its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after acquiring an additional 173,642 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of TransDigm Group by 7.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company’s stock valued at $23,295,000 after purchasing an additional 1,086 shares during the period. Unigestion Holding SA purchased a new stake in shares of TransDigm Group during the third quarter worth about $1,476,000. Triasima Portfolio Management inc. acquired a new position in shares of TransDigm Group during the 4th quarter worth about $911,000. Finally, HighTower Advisors LLC lifted its stake in TransDigm Group by 82.9% in the 3rd quarter. HighTower Advisors LLC now owns 15,216 shares of the aerospace company’s stock valued at $21,663,000 after buying an additional 6,895 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,400.28 on Thursday. The stock has a 50 day moving average of $1,345.69 and a 200 day moving average of $1,330.65. The firm has a market capitalization of $78.53 billion, a price-to-earnings ratio of 49.39, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32.

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, topping analysts’ consensus estimates of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $7.16 EPS. Analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Barclays reiterated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Wells Fargo & Company lifted their target price on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a research report on Monday, February 24th. Finally, StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Monday. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,480.12.

Insider Buying and Selling at TransDigm Group

In related news, Director Robert J. Small sold 40,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the transaction, the director now owns 98,185 shares of the company’s stock, valued at approximately $132,138,354.85. This represents a 28.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,892,616. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock worth $165,646,468 over the last three months. Insiders own 4.09% of the company’s stock.

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.