Fred Alger Management Inc. lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,282 shares of the aerospace company’s stock after buying an additional 270 shares during the quarter. Fred Alger Management Inc.’s holdings in TransDigm Group were worth $5,021,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of TDG. Windacre Partnership LLC increased its position in shares of TransDigm Group by 20.4% during the third quarter. Windacre Partnership LLC now owns 773,100 shares of the aerospace company’s stock worth $197,643,000 after buying an additional 131,000 shares during the period. Mar Vista Investment Partners LLC increased its position in shares of TransDigm Group by 56.7% during the fourth quarter. Mar Vista Investment Partners LLC now owns 349,160 shares of the aerospace company’s stock worth $95,886,000 after buying an additional 126,307 shares during the period. Ameriprise Financial Inc. increased its position in shares of TransDigm Group by 54.8% during the third quarter. Ameriprise Financial Inc. now owns 268,258 shares of the aerospace company’s stock worth $68,580,000 after buying an additional 95,016 shares during the period. Bank of New York Mellon Corp increased its position in shares of TransDigm Group by 25.1% during the fourth quarter. Bank of New York Mellon Corp now owns 414,268 shares of the aerospace company’s stock worth $113,765,000 after buying an additional 83,180 shares during the period. Finally, BlackRock Inc. increased its position in shares of TransDigm Group by 1.2% during the fourth quarter. BlackRock Inc. now owns 4,156,622 shares of the aerospace company’s stock worth $1,141,491,000 after buying an additional 48,978 shares during the period.
In other TransDigm Group news, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $295.87, for a total value of $3,520,853.00. Following the transaction, the director now directly owns 81,718 shares of the company’s stock, valued at $24,177,904.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alex Feil sold 5,444 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $280.85, for a total transaction of $1,528,947.40. Following the completion of the transaction, the insider now directly owns 5,444 shares in the company, valued at $1,528,947.40. The disclosure for this sale can be found here. Insiders sold 45,244 shares of company stock worth $13,178,555 over the last ninety days. Insiders own 11.45% of the company’s stock.
Shares of TransDigm Group Incorporated (TDG) opened at $292.00 on Monday. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of -4.38. The company has a market cap of $15,241.32, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.49 and a beta of 0.85. TransDigm Group Incorporated has a twelve month low of $203.72 and a twelve month high of $321.38.
TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $2.43 EPS for the quarter, missing analysts’ consensus estimates of $2.64 by ($0.21). TransDigm Group had a negative return on equity of 27.70% and a net margin of 18.95%. The company had revenue of $847.96 million during the quarter, compared to analyst estimates of $860.12 million. During the same quarter in the previous year, the business posted $2.57 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. equities analysts predict that TransDigm Group Incorporated will post 16.69 EPS for the current fiscal year.
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TransDigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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