TransDigm Group Inc. (TDG) Position Boosted by Mar Vista Investment Partners LLC
Mar Vista Investment Partners LLC raised its stake in TransDigm Group Inc. (NYSE:TDG) by 4.2% during the second quarter, Holdings Channel reports. The fund owned 365,388 shares of the company’s stock after buying an additional 14,732 shares during the period. TransDigm Group comprises 5.7% of Mar Vista Investment Partners LLC’s portfolio, making the stock its 5th largest position. Mar Vista Investment Partners LLC’s holdings in TransDigm Group were worth $96,349,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC increased its position in shares of TransDigm Group by 341.5% in the second quarter. Advisory Services Network LLC now owns 702 shares of the company’s stock valued at $185,000 after buying an additional 543 shares during the last quarter. Seven Eight Capital LLC acquired a new position in shares of TransDigm Group during the first quarter valued at about $195,000. Checchi Capital Advisers LLC increased its position in shares of TransDigm Group by 19.0% in the second quarter. Checchi Capital Advisers LLC now owns 1,172 shares of the company’s stock valued at $309,000 after buying an additional 187 shares during the last quarter. Scotia Capital Inc. increased its position in shares of TransDigm Group by 11.2% in the first quarter. Scotia Capital Inc. now owns 1,262 shares of the company’s stock valued at $278,000 after buying an additional 127 shares during the last quarter. Finally, Beech Hill Advisors Inc. purchased a new stake in TransDigm Group during the second quarter valued at approximately $464,000. 87.73% of the stock is currently owned by institutional investors.
Shares of TransDigm Group Inc. (NYSE:TDG) traded up 0.24% during trading on Wednesday, reaching $283.80. 484,961 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $286.07 and its 200 day moving average price is $260.41. TransDigm Group Inc. has a 52 week low of $180.76 and a 52 week high of $294.38. The firm has a market capitalization of $15.12 billion, a PE ratio of 30.02 and a beta of 0.72.
TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, August 9th. The company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.82 by $0.27. The business earned $797.70 million during the quarter, compared to analyst estimates of $805.23 million. TransDigm Group had a net margin of 17.25% and a negative return on equity of 62.15%. The company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.26 earnings per share. Analysts predict that TransDigm Group Inc. will post $11.39 EPS for the current fiscal year.
Several research firms have recently commented on TDG. Jefferies Group set a $340.00 target price on shares of TransDigm Group and gave the stock a “buy” rating in a research note on Tuesday. Barclays PLC raised their target price on shares of TransDigm Group from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 10th. Canaccord Genuity restated a “buy” rating and issued a $325.00 target price on shares of TransDigm Group in a research note on Wednesday, September 7th. Zacks Investment Research cut shares of TransDigm Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Finally, Wolfe Research cut shares of TransDigm Group from an “outperform” rating to a “market perform” rating in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $282.90.
In related news, insider Peter Palmer sold 20,500 shares of the stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $281.84, for a total value of $5,777,720.00. Following the completion of the transaction, the insider now owns 14,000 shares in the company, valued at approximately $3,945,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bernt G. Iversen II sold 10,000 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $278.81, for a total transaction of $2,788,100.00. Following the completion of the transaction, the insider now owns 15,010 shares of the company’s stock, valued at approximately $4,184,938.10. The disclosure for this sale can be found here. Insiders own 9.30% of the company’s stock.
About TransDigm Group
TransDigm Group Incorporated (TransDigm) is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control, Airframe and Non-aviation. Its 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.
Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TransDigm Group Inc. (NYSE:TDG).
Receive News & Ratings for TransDigm Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TransDigm Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.