Assetmark Inc. Trims Stake in Transdigm Group Incorporated (NYSE:TDG)

Assetmark Inc. trimmed its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 39.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,761 shares of the aerospace company's stock after selling 2,458 shares during the quarter. Assetmark Inc.'s holdings in Transdigm Group were worth $5,203,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vontobel Holding Ltd. bought a new position in shares of Transdigm Group during the 1st quarter worth about $387,000. Dynamic Advisor Solutions LLC bought a new position in Transdigm Group in the first quarter worth approximately $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Transdigm Group by 4.6% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock valued at $11,970,000 after acquiring an additional 380 shares in the last quarter. Mutual Advisors LLC acquired a new position in shares of Transdigm Group during the first quarter worth approximately $263,000. Finally, Paragon Advisors LLC increased its stake in Transdigm Group by 14.2% during the 1st quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock valued at $2,490,000 after purchasing an additional 224 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Analysts Set New Price Targets

TDG has been the subject of several recent research reports. Morgan Stanley boosted their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Wells Fargo & Company lifted their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. KeyCorp upped their target price on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Finally, Citigroup upped their price objective 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. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, Transdigm Group presently has a consensus rating of "Moderate Buy" and an average price target of $1,606.47.

Insider Buying and Selling at Transdigm Group

In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of Transdigm Group stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the completion of the transaction, the chief financial officer owned 3,400 shares of the company's stock, valued at $4,930,000. The trade was a 34.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the sale, the director owned 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,113 shares of company stock worth $173,419,391. Company insiders own 4.09% of the company's stock.

Transdigm Group Trading Down 2.0%

Shares of TDG stock traded down $31.92 on Friday, hitting $1,576.55. 142,798 shares of the stock were exchanged, compared to its average volume of 270,766. The firm's 50 day moving average is $1,505.00 and its two-hundred day moving average is $1,404.53. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,623.82. The firm has a market capitalization of $88.55 billion, a PE ratio of 53.23, a P/E/G ratio of 3.27 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter last year, the business earned $7.99 earnings per share. The company's quarterly revenue was up 12.0% on a year-over-year basis. On average, sell-side analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Transdigm Group Company Profile

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.