Transdigm Group Incorporated $TDG Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund has decreased its stake in Transdigm Group by 18.6%, owning 5,687 shares worth approximately $7.87 million after selling 1,300 shares.
• Despite missing earnings estimates with $9.60 EPS and revenue of $2.24 billion, Transdigm Group's revenue increased by 9.3% year-over-year.
• Institutional ownership in Transdigm Group is high, with 95.78% of shares held by institutional investors, and the stock has a consensus rating of "Moderate Buy" from analysts.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 18.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,687 shares of the aerospace company's stock after selling 1,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Transdigm Group were worth $7,867,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Winch Advisory Services LLC grew its position in Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock worth $28,000 after buying an additional 7 shares in the last quarter. Rothschild Investment LLC grew its position in Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after buying an additional 8 shares in the last quarter. Balefire LLC grew its position in Transdigm Group by 4.9% during the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after buying an additional 8 shares in the last quarter. New Republic Capital LLC grew its position in Transdigm Group by 4.6% during the first quarter. New Republic Capital LLC now owns 183 shares of the aerospace company's stock worth $253,000 after buying an additional 8 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its position in Transdigm Group by 3.7% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 225 shares of the aerospace company's stock worth $311,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. UBS Group upped their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Stifel Nicolaus assumed coverage on Transdigm Group in a report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price objective for the company. Wells Fargo & Company upped their price objective on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. The Goldman Sachs Group upped their price objective on Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Finally, Susquehanna upped their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,624.69.

Insider Activity at Transdigm Group

In other Transdigm Group news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $1,597.86, for a total transaction of $4,793,580.00. Following the sale, the chief operating officer owned 3,600 shares in the company, valued at approximately $5,752,296. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the director owned 88,419 shares in the company, 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. Insiders have sold 69,872 shares of company stock worth $100,747,061 in the last 90 days. Insiders own 4.09% of the company's stock.

Transdigm Group Stock Down 1.7%

NYSE:TDG traded down $24.13 during mid-day trading on Friday, hitting $1,388.60. 496,373 shares of the company traded hands, compared to its average volume of 369,521. The stock's fifty day moving average price is $1,503.15 and its 200-day moving average price is $1,413.80. The firm has a market cap of $78.25 billion, a price-to-earnings ratio of 46.09, a price-to-earnings-growth ratio of 2.87 and a beta of 1.07. Transdigm Group Incorporated has a one year low of $1,183.60 and a one 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 EPS 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 firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter in the previous year, the business posted $9.00 EPS. Transdigm Group's revenue was up 9.3% on a year-over-year basis. Equities analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current year.

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.