Geneva Partners LLC Sells 30 Shares of TransDigm Group Incorporated (NYSE:TDG)

Geneva Partners LLC trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,961 shares of the aerospace company’s stock after selling 30 shares during the quarter. TransDigm Group accounts for approximately 3.3% of Geneva Partners LLC’s portfolio, making the stock its 10th largest holding. Geneva Partners LLC’s holdings in TransDigm Group were worth $6,030,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Private Advisor Group LLC grew its position in TransDigm Group by 23.4% during the first quarter. Private Advisor Group LLC now owns 964 shares of the aerospace company’s stock worth $628,000 after buying an additional 183 shares during the period. Acadian Asset Management LLC grew its position in TransDigm Group by 66.7% during the first quarter. Acadian Asset Management LLC now owns 800 shares of the aerospace company’s stock worth $519,000 after buying an additional 320 shares during the period. Panagora Asset Management Inc. grew its position in TransDigm Group by 99.1% during the first quarter. Panagora Asset Management Inc. now owns 2,337 shares of the aerospace company’s stock worth $1,523,000 after buying an additional 1,163 shares during the period. Dimensional Fund Advisors LP grew its position in TransDigm Group by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 159,263 shares of the aerospace company’s stock worth $103,790,000 after buying an additional 1,132 shares during the period. Finally, Sei Investments Co. grew its position in TransDigm Group by 7.3% during the first quarter. Sei Investments Co. now owns 29,629 shares of the aerospace company’s stock worth $19,373,000 after buying an additional 2,020 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Performance

NYSE TDG traded down $26.42 during mid-day trading on Friday, reaching $1,187.08. 231,351 shares of the stock were exchanged, compared to its average volume of 207,765. TransDigm Group Incorporated has a 1-year low of $741.74 and a 1-year high of $1,248.39. The business’s fifty day simple moving average is $1,192.72 and its 200 day simple moving average is $1,046.08. The stock has a market capitalization of $66.01 billion, a PE ratio of 50.39, a PEG ratio of 2.50 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the business earned $4.15 EPS. On average, analysts anticipate that TransDigm Group Incorporated will post 29.03 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on TDG. Royal Bank of Canada upped their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Barclays increased their price target on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. KeyCorp increased their price target on shares of TransDigm Group from $1,180.00 to $1,220.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Stifel Nicolaus increased their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Susquehanna increased their price target on shares of TransDigm Group from $875.00 to $1,100.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,163.27.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the transaction, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $9,921,433.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders have sold a total of 59,087 shares of company stock worth $69,840,358 in the last quarter. 4.96% of the stock is owned by insiders.

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.