Colony Group LLC Sells 105 Shares of TransDigm Group Incorporated (NYSE:TDG)
Colony Group LLC cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,560 shares of the aerospace company’s stock after selling 105 shares during the period. Colony Group LLC’s holdings in TransDigm Group were worth $3,114,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in TDG. Franklin Resources Inc. lifted its holdings in TransDigm Group by 15.0% in the 4th quarter. Franklin Resources Inc. now owns 506 shares of the aerospace company’s stock worth $284,000 after purchasing an additional 66 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of TransDigm Group by 26.3% during the third quarter. Parametric Portfolio Associates LLC now owns 279,695 shares of the aerospace company’s stock worth $145,629,000 after acquiring an additional 58,324 shares during the last quarter. Voloridge Investment Management LLC grew its stake in TransDigm Group by 73.7% during the third quarter. Voloridge Investment Management LLC now owns 17,546 shares of the aerospace company’s stock valued at $9,136,000 after acquiring an additional 7,446 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in TransDigm Group by 34.1% during the third quarter. Public Employees Retirement System of Ohio now owns 22,000 shares of the aerospace company’s stock valued at $11,455,000 after acquiring an additional 5,594 shares in the last quarter. Finally, Blue Fin Capital Inc. purchased a new position in TransDigm Group during the fourth quarter valued at $271,000. Institutional investors and hedge funds own 99.18% of the company’s stock.
Several analysts have commented on TDG shares. Robert W. Baird boosted their price target on shares of TransDigm Group from $610.00 to $620.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 5th. Cowen cut their price objective on TransDigm Group from $655.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Credit Suisse Group lifted their target price on TransDigm Group from $589.13 to $693.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. UBS Group boosted their target price on TransDigm Group from $645.00 to $685.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Finally, Berenberg Bank reissued a “buy” rating and set a $700.00 price target on shares of TransDigm Group in a research note on Wednesday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $591.77.
Shares of TransDigm Group stock opened at $350.09 on Thursday. The stock has a 50 day moving average of $526.17 and a 200 day moving average of $552.61. TransDigm Group Incorporated has a 12 month low of $200.06 and a 12 month high of $673.51. The firm has a market cap of $17.49 billion, a PE ratio of 27.20, a PEG ratio of 2.55 and a beta of 1.07.
TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $4.93 EPS for the quarter, beating analysts’ consensus estimates of $4.13 by $0.80. TransDigm Group had a negative return on equity of 45.77% and a net margin of 13.87%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the company earned $3.85 earnings per share. The firm’s revenue was up 47.5% on a year-over-year basis. On average, sell-side analysts predict that TransDigm Group Incorporated will post 17.02 earnings per share for the current year.
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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