Advent International L.P. Sells 6,395 Shares of Transdigm Group Incorporated $TDG

Key Points

• Advent International L.P. reduced its holdings in Transdigm Group by 13.9%, selling 6,395 shares and now owning 39,529 shares worth approximately $54.68 million.
• Transdigm Group reported a quarterly earnings miss with earnings per share of $9.60, falling short of the consensus estimate of $9.75, and had a revenue of $2.24 billion.
• The company announced a special dividend of $90.00 per share, increased from a previous dividend of $75.00, to be paid on September 12th.

Advent International L.P. trimmed its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 13.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 39,529 shares of the aerospace company's stock after selling 6,395 shares during the quarter. Transdigm Group accounts for about 1.7% of Advent International L.P.'s holdings, making the stock its 12th largest position. Advent International L.P. owned about 0.07% of Transdigm Group worth $54,680,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in TDG. GAMMA Investing LLC boosted its holdings in Transdigm Group by 177,412.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after purchasing an additional 1,240,112 shares during the period. Nuveen LLC purchased a new stake in shares of Transdigm Group during the 1st quarter valued at $168,048,000. Vanguard Group Inc. grew its position in Transdigm Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after acquiring an additional 89,121 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Transdigm Group by 24.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,771 shares of the aerospace company's stock valued at $433,120,000 after acquiring an additional 67,151 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Transdigm Group by 51.2% during the fourth quarter. Deutsche Bank AG now owns 193,042 shares of the aerospace company's stock worth $244,638,000 after purchasing an additional 65,388 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TDG shares. Stifel Nicolaus began coverage on Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price objective on the stock. UBS Group increased their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Morgan Stanley boosted their price objective on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. JPMorgan Chase & Co. upped their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Finally, Citigroup lifted their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,624.69.

Insider Buying and Selling at Transdigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $1,406.07, for a total value of $4,218,210.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $5,061,852. This trade represents a 45.45% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert J. Small sold 45,700 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the sale, the director owned 88,419 shares of the company's stock, valued at approximately $125,997,959.19. The trade was a 34.07% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,932 shares of company stock worth $96,378,273. 4.09% of the stock is owned by corporate insiders.

Transdigm Group Stock Performance

Shares of NYSE TDG traded down $9.65 during mid-day trading on Friday, hitting $1,272.16. The stock had a trading volume of 489,982 shares, compared to its average volume of 335,867. The firm has a market cap of $71.69 billion, a P/E ratio of 42.22, a price-to-earnings-growth ratio of 2.69 and a beta of 1.03. The business has a 50 day moving average price of $1,479.69 and a two-hundred day moving average price of $1,417.40. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The business had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the prior year, the company earned $9.00 earnings per share. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. Equities research analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd will be given a $90.00 dividend. This is a boost from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend is Tuesday, September 2nd.

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.