Wetherby Asset Management Inc. Trims Stake in TransDigm Group Incorporated (TDG)

Wetherby Asset Management Inc. trimmed its holdings in TransDigm Group Incorporated (NYSE:TDG) by 10.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,003 shares of the aerospace company’s stock after selling 466 shares during the period. Wetherby Asset Management Inc.’s holdings in TransDigm Group were worth $1,099,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. APG Asset Management N.V. raised its holdings in shares of TransDigm Group by 0.8% in the third quarter. APG Asset Management N.V. now owns 223,329 shares of the aerospace company’s stock valued at $57,094,000 after buying an additional 1,700 shares during the last quarter. Vident Investment Advisory LLC raised its holdings in shares of TransDigm Group by 75.4% in the third quarter. Vident Investment Advisory LLC now owns 1,179 shares of the aerospace company’s stock valued at $301,000 after buying an additional 507 shares during the last quarter. Aperio Group LLC increased its stake in shares of TransDigm Group by 16.4% during the third quarter. Aperio Group LLC now owns 22,136 shares of the aerospace company’s stock worth $5,659,000 after acquiring an additional 3,122 shares during the period. Allen Investment Management LLC increased its stake in shares of TransDigm Group by 4.7% during the third quarter. Allen Investment Management LLC now owns 403,787 shares of the aerospace company’s stock worth $103,228,000 after acquiring an additional 17,946 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of TransDigm Group during the third quarter worth about $1,566,000.

TDG has been the topic of a number of recent analyst reports. Canaccord Genuity dropped their price target on shares of TransDigm Group from $330.00 to $315.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Wolfe Research upgraded shares of TransDigm Group from a “market perform” rating to an “outperform” rating in a research note on Friday, November 10th. Credit Suisse Group boosted their price target on shares of TransDigm Group from $294.54 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. SunTrust Banks reiterated a “buy” rating and set a $307.00 price target on shares of TransDigm Group in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of TransDigm Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $309.94.

In other news, Director Raymond F. Laubenthal sold 6,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $277.48, for a total value of $1,664,880.00. Following the sale, the director now directly owns 75,818 shares in the company, valued at $21,037,978.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raymond F. Laubenthal sold 11,900 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the completion of the sale, the director now owns 81,718 shares in the company, valued at $24,177,904.66. The disclosure for this sale can be found here. Insiders have sold 42,116 shares of company stock worth $12,204,944 over the last 90 days. 11.45% of the stock is currently owned by company insiders.

TransDigm Group Incorporated (TDG) opened at $298.35 on Monday. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of -4.38. TransDigm Group Incorporated has a 1 year low of $203.72 and a 1 year high of $321.38. The firm has a market cap of $15,572.77, a PE ratio of 24.54, a price-to-earnings-growth ratio of 1.48 and a beta of 0.66.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 6th. The aerospace company reported $2.43 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $860.12 million. During the same quarter in the previous year, the company posted $2.57 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. equities analysts anticipate that TransDigm Group Incorporated will post 17.2 EPS for the current fiscal year.

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

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