Sapient Capital LLC Invests $899,000 in TransDigm Group Incorporated (NYSE:TDG)

Sapient Capital LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 888 shares of the aerospace company’s stock, valued at approximately $899,000.

A number of other institutional investors also recently modified their holdings of the company. Quent Capital LLC boosted its holdings in shares of TransDigm Group by 8.8% during the fourth quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 10 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in TransDigm Group by 5.9% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock worth $197,000 after buying an additional 10 shares during the period. Venturi Wealth Management LLC lifted its holdings in TransDigm Group by 14.5% in the fourth quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock worth $88,000 after buying an additional 11 shares during the period. Alcosta Capital Management Inc. lifted its holdings in TransDigm Group by 0.3% in the third quarter. Alcosta Capital Management Inc. now owns 3,485 shares of the aerospace company’s stock worth $2,938,000 after buying an additional 12 shares during the period. Finally, Valley National Advisers Inc. lifted its holdings in TransDigm Group by 26.1% in the third quarter. Valley National Advisers Inc. now owns 58 shares of the aerospace company’s stock worth $49,000 after buying an additional 12 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,105,728. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,105,728. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jorge Valladares sold 578 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total transaction of $682,040.00. Following the completion of the sale, the director now owns 11,000 shares in the company, valued at approximately $12,980,000. The disclosure for this sale can be found here. Insiders sold 59,087 shares of company stock valued at $69,840,358 over the last 90 days. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG traded up $22.02 on Friday, hitting $1,293.80. 238,023 shares of the stock traded hands, compared to its average volume of 179,038. The company has a market capitalization of $71.95 billion, a PE ratio of 54.92, a P/E/G ratio of 2.63 and a beta of 1.40. The business has a 50 day simple moving average of $1,212.23 and a 200 day simple moving average of $1,073.99. TransDigm Group Incorporated has a one year low of $750.86 and a one year high of $1,303.49.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, beating the consensus estimate of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter last year, the firm earned $4.15 earnings per share. On average, equities analysts expect that TransDigm Group Incorporated will post 29.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Barclays raised their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Susquehanna raised their price objective on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. KeyCorp raised their target price on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,170.27.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. 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, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.