Envestnet Asset Management Inc. Sells 1,021 Shares of Transdigm Group Incorporated (NYSE:TDG)

Envestnet Asset Management Inc. trimmed its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,609 shares of the aerospace company's stock after selling 1,021 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of Transdigm Group worth $101,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Transdigm Group by 177,412.3% in the first 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 last quarter. Norges Bank purchased a new stake in shares of Transdigm Group in the fourth quarter valued at about $973,353,000. Edgewood Management LLC purchased a new stake in shares of Transdigm Group in the fourth quarter valued at about $399,595,000. JPMorgan Chase & Co. raised its holdings in shares of Transdigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Transdigm Group by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock valued at $1,636,409,000 after purchasing an additional 159,839 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Transdigm Group news, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the sale, the director directly owned 88,419 shares in the company, valued at $125,997,959.19. The trade was a 34.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of Transdigm Group stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the sale, the chief executive officer owned 8,158 shares of the company's stock, valued at approximately $10,846,958.38. The trade was a 71.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 142,149 shares of company stock valued at $202,651,767 in the last three months. Insiders own 4.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TDG shares. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Northcoast Research upgraded shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. The Goldman Sachs Group raised their price objective on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Susquehanna raised their price objective on shares of Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Finally, Wells Fargo & Company raised their price objective on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Transdigm Group presently has a consensus rating of "Moderate Buy" and an average target price of $1,561.80.

Transdigm Group Price Performance

Shares of TDG traded up $0.66 during trading hours on Friday, hitting $1,540.19. The company's stock had a trading volume of 66,014 shares, compared to its average volume of 261,540. The company has a market cap of $86.51 billion, a price-to-earnings ratio of 51.99, a PEG ratio of 3.26 and a beta of 1.04. The business has a 50 day simple moving average of $1,451.68 and a two-hundred day simple moving average of $1,372.04. Transdigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,553.64.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating 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 company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period last year, the business earned $7.99 earnings per share. Transdigm Group's revenue was up 12.0% compared to the same quarter last year. Research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

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.