Corient IA LLC Acquires Shares of 200 Transdigm Group Incorporated $TDG

Key Points

• Corient IA LLC has acquired 200 shares of Transdigm Group Incorporated, valued at approximately $277,000, as part of its investment strategy in the aerospace sector.
• Transdigm's share price is currently down 1.7% with a market cap of $78.25 billion, and the company's last quarterly earnings missed analysts' estimates.
• Major institutional shareholders, including GAMMA Investing LLC and Vanguard Group, have significantly increased their stakes in Transdigm, reflecting strong investor interest in the company's future prospects.

Corient IA LLC bought a new position in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 200 shares of the aerospace company's stock, valued at approximately $277,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Transdigm Group by 177,412.3% during the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after buying an additional 1,240,112 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Transdigm Group during the first quarter valued at approximately $168,048,000. Vanguard Group Inc. lifted its holdings in Transdigm Group by 1.4% during 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 worth $433,120,000 after purchasing an additional 67,151 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in Transdigm Group by 51.2% in the 4th quarter. Deutsche Bank AG now owns 193,042 shares of the aerospace company's stock valued at $244,638,000 after purchasing an additional 65,388 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Trading Down 1.7%

Shares of NYSE:TDG opened at $1,388.60 on Monday. The company has a 50 day moving average of $1,503.15 and a 200 day moving average of $1,413.80. The stock has a market cap of $78.25 billion, a P/E ratio of 46.09, a P/E/G ratio of 2.87 and a beta of 1.07. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing analysts' consensus estimates of $9.75 by ($0.15). The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $9.00 earnings per share. On average, equities analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Robert J. Small sold 45,700 shares of the stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the transaction, the director owned 88,419 shares of the company's stock, valued at $125,997,959.19. This represents a 34.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the sale, the director directly owned 33,713 shares of the company's stock, valued at $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. In the last quarter, insiders have sold 69,872 shares of company stock worth $100,747,061. Company insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TDG. Citigroup boosted their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. KeyCorp lowered their price target on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. JPMorgan Chase & Co. increased their price objective on Transdigm Group from $1,480.00 to $1,500.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Truist Financial upped their price target on Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Transdigm Group has a consensus rating of "Moderate Buy" and an average price target of $1,624.69.

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.

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