Ieq Capital LLC Lowers Holdings in TransDigm Group Incorporated (NYSE:TDG)

Ieq Capital LLC trimmed its position in TransDigm Group Incorporated (NYSE:TDG) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,259 shares of the aerospace company’s stock after selling 217 shares during the period. Ieq Capital LLC’s holdings in TransDigm Group were worth $2,863,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. First Personal Financial Services bought a new stake in TransDigm Group during the third quarter valued at $29,000. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group in the 3rd quarter valued at about $29,000. Trust Co. of Vermont raised its holdings in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 15 shares in the last quarter. Versant Capital Management Inc boosted 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 acquiring an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC grew its holdings in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 11 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $28,355,659.64. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,892,616. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 118,647 shares of company stock valued at $151,878,163 in the last 90 days. Insiders own 4.09% of the company’s stock.

TransDigm Group Stock Down 1.6 %

Shares of NYSE TDG opened at $1,291.58 on Friday. The firm’s fifty day moving average is $1,306.71 and its 200 day moving average is $1,319.85. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The company has a market cap of $72.43 billion, a price-to-earnings ratio of 45.56, a PEG ratio of 2.76 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $7.16 earnings per share. Equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analyst Weigh In

TDG has been the topic of a number of recent analyst reports. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,462.35.

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.