TransDigm Group Incorporated (TDG) Shares Bought by Tremblant Capital Group

Tremblant Capital Group grew its holdings in TransDigm Group Incorporated (NYSE:TDG) by 61.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 241,747 shares of the aerospace company’s stock after acquiring an additional 91,661 shares during the period. TransDigm Group accounts for 4.7% of Tremblant Capital Group’s portfolio, making the stock its 9th largest holding. Tremblant Capital Group owned 0.46% of TransDigm Group worth $74,202,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TDG. Whittier Trust Co. of Nevada Inc. raised its position in shares of TransDigm Group by 540.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 454 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of TransDigm Group by 45.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 646 shares of the aerospace company’s stock valued at $177,000 after purchasing an additional 202 shares during the period. Alps Advisors Inc. bought a new stake in shares of TransDigm Group during the 4th quarter valued at $205,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of TransDigm Group during the 1st quarter valued at $246,000. Finally, Sciencast Management LP bought a new stake in shares of TransDigm Group during the 4th quarter valued at $252,000.

In other TransDigm Group news, insider Roger Jones sold 5,000 shares of TransDigm Group stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $323.78, for a total value of $1,618,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joel Reiss sold 5,400 shares of TransDigm Group stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $319.93, for a total transaction of $1,727,622.00. Following the completion of the transaction, the insider now directly owns 9,000 shares of the company’s stock, valued at $2,879,370. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,600 shares of company stock worth $32,643,420. 11.45% of the stock is currently owned by insiders.

Several brokerages have recently commented on TDG. Zacks Investment Research upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $359.00 price objective on the stock in a research report on Monday, May 7th. Cowen restated a “hold” rating on shares of TransDigm Group in a research report on Tuesday, May 1st. Morgan Stanley raised their price objective on shares of TransDigm Group from $306.00 to $321.00 and gave the company an “equal weight” rating in a research report on Thursday, April 12th. Royal Bank of Canada restated a “buy” rating and set a $356.00 price objective on shares of TransDigm Group in a research report on Friday, April 6th. Finally, Barclays began coverage on shares of TransDigm Group in a research report on Thursday, March 29th. They set an “overweight” rating and a $382.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $331.00.

Shares of TransDigm Group opened at $346.00 on Monday, according to MarketBeat.com. The company has a debt-to-equity ratio of -4.92, a quick ratio of 2.09 and a current ratio of 3.04. The firm has a market capitalization of $18.14 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 1.77 and a beta of 0.80. TransDigm Group Incorporated has a 52-week low of $249.57 and a 52-week high of $346.51.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.51 by $0.28. The company had revenue of $933.10 million for the quarter, compared to the consensus estimate of $930.30 million. TransDigm Group had a net margin of 19.77% and a negative return on equity of 28.60%. TransDigm Group’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.03 EPS. equities analysts forecast that TransDigm Group Incorporated will post 17.17 earnings per share for the current year.

TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States. The company's 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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