Macquarie Group Ltd. reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 33.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 200 shares of the aerospace company’s stock after selling 100 shares during the period. Macquarie Group Ltd.’s holdings in TransDigm Group were worth $68,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TDG. Valinor Management L.P. raised its stake in TransDigm Group by 1.7% in the fourth quarter. Valinor Management L.P. now owns 348,816 shares of the aerospace company’s stock valued at $118,619,000 after buying an additional 5,970 shares during the period. National Pension Service raised its stake in TransDigm Group by 5.6% in the fourth quarter. National Pension Service now owns 55,825 shares of the aerospace company’s stock valued at $23,992,000 after buying an additional 2,983 shares during the period. Riverstone Advisors LLC bought a new stake in TransDigm Group in the fourth quarter valued at approximately $2,429,000. Legal & General Group Plc raised its stake in TransDigm Group by 5.6% in the fourth quarter. Legal & General Group Plc now owns 235,451 shares of the aerospace company’s stock valued at $80,067,000 after buying an additional 12,489 shares during the period. Finally, Ancora Advisors LLC raised its stake in TransDigm Group by 3.6% in the fourth quarter. Ancora Advisors LLC now owns 3,859 shares of the aerospace company’s stock valued at $1,312,000 after buying an additional 135 shares during the period.

TDG has been the topic of several research analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $355.00 price objective on shares of TransDigm Group in a research note on Tuesday, January 8th. SunTrust Banks upped their price objective on TransDigm Group to $452.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Credit Suisse Group upped their price objective on TransDigm Group from $405.00 to $476.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Canaccord Genuity upped their price objective on TransDigm Group from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Finally, Zacks Investment Research downgraded TransDigm Group from a “hold” rating to a “sell” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $429.82.

In related news, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $456.22, for a total transaction of $7,793,606.26. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Jorge Valladares sold 5,000 shares of the stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $436.99, for a total value of $2,184,950.00. Following the sale, the executive vice president now directly owns 14,000 shares in the company, valued at approximately $6,117,860. The disclosure for this sale can be found here. Insiders have sold 95,357 shares of company stock worth $41,248,657 in the last three months. 11.00% of the stock is currently owned by company insiders.

TransDigm Group stock opened at $469.28 on Friday. The company has a market capitalization of $24.33 billion, a PE ratio of 27.62, a PEG ratio of 1.94 and a beta of 1.01. TransDigm Group Incorporated has a 12 month low of $307.36 and a 12 month high of $470.02.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 5th. The aerospace company reported $3.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.19 by $0.66. The business had revenue of $993.30 million for the quarter, compared to the consensus estimate of $957.66 million. TransDigm Group had a negative return on equity of 43.35% and a net margin of 20.57%. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.65 earnings per share. Sell-side analysts expect that TransDigm Group Incorporated will post 16.2 EPS for the current fiscal year.

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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.

Read More: Earnings Per Share (EPS)

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

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