X Square Capital LLC acquired a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,419 shares of the aerospace company’s stock, valued at approximately $1,545,000. TransDigm Group accounts for about 1.0% of X Square Capital LLC’s investment portfolio, making the stock its 23rd largest holding.
A number of other institutional investors also recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its stake in TransDigm Group by 43.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,617 shares of the aerospace company’s stock worth $4,009,000 after acquiring an additional 3,540 shares in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new stake in TransDigm Group in the 2nd quarter worth about $224,000. Eqis Capital Management Inc. purchased a new stake in TransDigm Group in the 2nd quarter worth about $406,000. Piedmont Investment Advisors LLC purchased a new stake in TransDigm Group in the 2nd quarter worth about $190,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in TransDigm Group by 3.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 24,897 shares of the aerospace company’s stock worth $8,593,000 after acquiring an additional 814 shares in the last quarter.
Several equities research analysts recently issued reports on the company. SunTrust Banks increased their price objective on TransDigm Group to $436.00 and gave the stock a “buy” rating in a research note on Thursday, October 11th. Robert W. Baird downgraded TransDigm Group from an “outperform” rating to a “neutral” rating and set a $365.00 price objective for the company. in a research note on Thursday, October 11th. Berenberg Bank assumed coverage on TransDigm Group in a research note on Friday, September 28th. They issued a “buy” rating and a $420.00 price objective for the company. UBS Group assumed coverage on TransDigm Group in a research note on Wednesday, August 15th. They issued a “buy” rating and a $430.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on TransDigm Group from $330.00 to $365.00 and gave the stock an “underweight” rating in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $378.40.
Shares of NYSE TDG traded down $4.68 during mid-day trading on Friday, reaching $362.69. 2,391 shares of the company traded hands, compared to its average volume of 446,608. The firm has a market cap of $19.02 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.58 and a beta of 0.89. TransDigm Group Incorporated has a fifty-two week low of $265.29 and a fifty-two week high of $377.67.
TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, November 6th. The aerospace company reported $4.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.05 by $0.39. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.04 billion. TransDigm Group had a negative return on equity of 35.67% and a net margin of 23.64%. The company’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.48 EPS. As a group, analysts predict that TransDigm Group Incorporated will post 15.61 earnings per share for the current year.
In other TransDigm Group news, insider James Skulina sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $345.46, for a total value of $5,181,900.00. Following the sale, the insider now owns 19,000 shares of the company’s stock, valued at approximately $6,563,740. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Raymond F. Laubenthal sold 11,900 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $326.65, for a total value of $3,887,135.00. Following the completion of the sale, the director now directly owns 25,193 shares in the company, valued at approximately $8,229,293.45. The disclosure for this sale can be found here. Insiders sold a total of 48,800 shares of company stock worth $17,012,044 in the last ninety days. Insiders own 10.52% of the company’s stock.
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TransDigm Group Company Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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