Citigroup Inc. Increases Stock Holdings in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Citigroup Inc. increased its holdings in Transdigm Group Incorporated by 34.7%, now owning over $109 million worth of shares as per its latest SEC filing.
• A significant number of institutional investors adjusted their positions, with 95.78% of the stock now owned by hedge funds and other institutional investors.
• Despite a 9.3% year-over-year revenue increase, Transdigm missed consensus earnings expectations, reporting an EPS of $9.60 against an estimate of $9.75.

Citigroup Inc. lifted its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 34.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,014 shares of the aerospace company's stock after acquiring an additional 20,370 shares during the quarter. Citigroup Inc. owned about 0.14% of Transdigm Group worth $109,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Transdigm Group by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 101,100 shares of the aerospace company's stock worth $139,851,000 after buying an additional 10,205 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of Transdigm Group by 1.3% during the 1st quarter. Chicago Partners Investment Group LLC now owns 3,636 shares of the aerospace company's stock valued at $5,028,000 after buying an additional 46 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Transdigm Group by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company's stock worth $504,840,000 after purchasing an additional 14,703 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Transdigm Group by 11.5% in the 1st quarter. Citizens Financial Group Inc. RI now owns 686 shares of the aerospace company's stock worth $948,000 after purchasing an additional 71 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in Transdigm Group during the first quarter valued at approximately $180,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Up 1.1%

NYSE:TDG traded up $16.03 during trading hours on Wednesday, hitting $1,426.73. 216,843 shares of the company traded hands, compared to its average volume of 287,429. The firm's 50-day simple moving average is $1,505.65 and its 200-day simple moving average is $1,411.91. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82. The company has a market cap of $80.40 billion, a PE ratio of 47.33, a PEG ratio of 2.91 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last posted 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 net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. During the same period in the previous year, the firm earned $9.00 EPS. The firm's quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling

In other Transdigm Group news, CFO Sarah Wynne sold 1,800 shares of the business's stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the sale, the chief financial officer owned 3,400 shares in the company, valued at approximately $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Sean P. Hennessy sold 4,700 shares of the company's stock in a transaction that occurred on 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 transaction, the director owned 33,713 shares of the company's stock, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,872 shares of company stock worth $100,747,061 over the last ninety days. Corporate insiders own 4.09% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley increased their target price on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Susquehanna lifted their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. UBS Group upped their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. upped their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Finally, Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research report on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Transdigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,616.86.

Transdigm Group 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.