Waratah Capital Advisors Ltd. Takes $5.25 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Waratah Capital Advisors Ltd. acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,073 shares of the aerospace company’s stock, valued at approximately $5,245,000.

Other hedge funds have also recently added to or reduced their stakes in the company. JS Capital Management LLC purchased a new position in TransDigm Group in the third quarter valued at approximately $355,000. PointState Capital LP increased its position in shares of TransDigm Group by 72.2% in the third quarter. PointState Capital LP now owns 35,121 shares of the aerospace company’s stock worth $18,286,000 after acquiring an additional 14,721 shares in the last quarter. Saya Management LP increased its position in shares of TransDigm Group by 4.2% in the third quarter. Saya Management LP now owns 49,856 shares of the aerospace company’s stock worth $25,959,000 after acquiring an additional 2,000 shares in the last quarter. Soros Fund Management LLC acquired a new stake in shares of TransDigm Group in the third quarter worth $11,879,000. Finally, Squarepoint Ops LLC purchased a new position in shares of TransDigm Group in the 3rd quarter valued at $5,693,000. Institutional investors and hedge funds own 99.27% of the company’s stock.

Shares of TransDigm Group stock traded down $2.97 on Tuesday, hitting $553.61. 7,705 shares of the company’s stock traded hands, compared to its average volume of 271,153. TransDigm Group Incorporated has a 52-week low of $311.46 and a 52-week high of $581.07. The stock has a market cap of $30.37 billion, a P/E ratio of 32.67, a PEG ratio of 2.52 and a beta of 0.96. The firm’s 50-day moving average is $543.64 and its 200 day moving average is $509.67.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, November 19th. The aerospace company reported $5.62 EPS for the quarter, beating the Zacks’ consensus estimate of $4.85 by $0.77. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.61 billion. TransDigm Group had a net margin of 16.06% and a negative return on equity of 58.95%. The firm’s revenue was up 46.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.44 EPS. As a group, equities research analysts predict that TransDigm Group Incorporated will post 19.85 earnings per share for the current fiscal year.

TDG has been the topic of several research reports. ValuEngine lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group upped their target price on TransDigm Group from $480.00 to $550.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Credit Suisse Group upped their target price on TransDigm Group from $584.00 to $623.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 20th. Barclays set a $610.00 target price on TransDigm Group and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Cowen reiterated a “buy” rating and set a $590.00 target price on shares of TransDigm Group in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $579.64.

In related news, CEO Kevin M. Stein sold 9,900 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $519.08, for a total value of $5,138,892.00. Following the completion of the transaction, the chief executive officer now directly owns 11,247 shares of the company’s stock, valued at approximately $5,838,092.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman W Nicholas Howley sold 17,083 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $521.36, for a total value of $8,906,392.88. The disclosure for this sale can be found here. Insiders sold 110,948 shares of company stock worth $58,667,331 over the last ninety days. 11.00% of the stock is owned by corporate insiders.

About TransDigm Group

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

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