Mar Vista Investment Partners LLC Has $53.24 Million Position in Transdigm Group Incorporated (TDG)
Mar Vista Investment Partners LLC lessened its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 2.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 198,012 shares of the aerospace company’s stock after selling 5,553 shares during the period. Transdigm Group comprises approximately 2.2% of Mar Vista Investment Partners LLC’s investment portfolio, making the stock its 20th largest holding. Mar Vista Investment Partners LLC owned 0.38% of Transdigm Group worth $53,239,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its holdings in Transdigm Group by 0.8% during the second quarter. Nordea Investment Management AB now owns 7,987 shares of the aerospace company’s stock worth $2,147,000 after acquiring an additional 66 shares in the last quarter. Cibc World Markets Corp raised its holdings in Transdigm Group by 32.9% during the second quarter. Cibc World Markets Corp now owns 6,902 shares of the aerospace company’s stock worth $1,856,000 after acquiring an additional 1,708 shares in the last quarter. Vanguard Group Inc. raised its holdings in Transdigm Group by 1.6% during the second quarter. Vanguard Group Inc. now owns 4,824,369 shares of the aerospace company’s stock worth $1,297,129,000 after acquiring an additional 76,897 shares in the last quarter. Ithaka Group LLC raised its holdings in Transdigm Group by 0.3% during the second quarter. Ithaka Group LLC now owns 29,292 shares of the aerospace company’s stock worth $7,876,000 after acquiring an additional 79 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in Transdigm Group by 13.4% during the second quarter. Van ECK Associates Corp now owns 118,923 shares of the aerospace company’s stock worth $31,975,000 after acquiring an additional 14,024 shares in the last quarter.
In related news, Director Raymond F. Laubenthal sold 6,000 shares of Transdigm Group stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $281.81, for a total value of $1,690,860.00. Following the sale, the director now owns 75,701 shares of the company’s stock, valued at approximately $21,333,298.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jorge Valladares sold 5,900 shares of Transdigm Group stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $278.03, for a total transaction of $1,640,377.00. Following the completion of the sale, the insider now directly owns 14,900 shares in the company, valued at approximately $4,142,647. The disclosure for this sale can be found here. Insiders sold a total of 24,000 shares of company stock worth $6,549,337 in the last ninety days. 10.52% of the stock is currently owned by insiders.
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Transdigm Group Incorporated (NYSE TDG) traded down 1.46% during trading on Friday, hitting $260.40. The stock had a trading volume of 275,079 shares. The firm has a market capitalization of $13.52 billion, a PE ratio of 28.93 and a beta of 0.54. Transdigm Group Incorporated has a 1-year low of $203.72 and a 1-year high of $295.00. The firm has a 50 day moving average price of $269.22 and a 200-day moving average price of $257.59.
Transdigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, August 8th. The aerospace company reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.32. The company had revenue of $907.67 million for the quarter, compared to analysts’ expectations of $903.99 million. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. Transdigm Group’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.09 EPS. On average, equities research analysts expect that Transdigm Group Incorporated will post $12.30 EPS for the current year.
The business also recently declared a special dividend, which was paid on Tuesday, September 12th. Investors of record on Tuesday, September 5th were issued a $22.00 dividend. The ex-dividend date was Thursday, August 31st.
Several analysts recently issued reports on the company. Jefferies Group LLC lowered Transdigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $322.00 to $280.00 in a report on Wednesday. Canaccord Genuity reiterated a “buy” rating and set a $330.00 target price on shares of Transdigm Group in a report on Friday, September 15th. Royal Bank Of Canada reiterated a “buy” rating and set a $316.00 target price on shares of Transdigm Group in a report on Friday, September 1st. Zacks Investment Research lowered Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, August 14th. Finally, Cowen and Company reiterated a “market perform” rating and set a $290.00 target price (up previously from $219.00) on shares of Transdigm Group in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Transdigm Group presently has a consensus rating of “Buy” and an average target price of $295.05.
About Transdigm Group
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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