Illinois Municipal Retirement Fund Lowers Position in Transdigm Group Incorporated (NYSE:TDG)

Illinois Municipal Retirement Fund lessened its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 27.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,464 shares of the aerospace company's stock after selling 559 shares during the period. Illinois Municipal Retirement Fund's holdings in Transdigm Group were worth $2,025,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDG. Lindbrook Capital LLC increased its holdings in Transdigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after acquiring an additional 8 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of Transdigm Group by 13.1% in the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock worth $95,000 after purchasing an additional 8 shares during the period. Balefire LLC increased its stake in shares of Transdigm Group by 4.9% in the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock worth $237,000 after purchasing an additional 8 shares in the last quarter. Great Lakes Advisors LLC raised its position in shares of Transdigm Group by 0.3% during the 4th quarter. Great Lakes Advisors LLC now owns 2,938 shares of the aerospace company's stock valued at $3,723,000 after purchasing an additional 9 shares during the period. Finally, AMG National Trust Bank lifted its stake in shares of Transdigm Group by 5.1% during the 4th quarter. AMG National Trust Bank now owns 206 shares of the aerospace company's stock valued at $261,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Stock Up 2.1%

Shares of NYSE:TDG opened at $1,502.93 on Monday. The firm has a fifty day simple moving average of $1,424.74 and a two-hundred day simple moving average of $1,357.43. Transdigm Group Incorporated has a 52 week low of $1,002.99 and a 52 week high of $1,503.15. The stock has a market capitalization of $84.42 billion, a P/E ratio of 50.74, a PEG ratio of 3.20 and a beta of 1.05.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The company 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 posted $7.99 earnings per share. The firm's revenue was up 12.0% on a year-over-year basis. On average, analysts expect that Transdigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

In related news, Director W Nicholas Howley sold 49,241 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total transaction of $72,672,329.85. Following the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $31,801,615.80. This represents a 69.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Sarah Wynne sold 1,800 shares of the firm's 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 sale, the chief financial officer now directly owns 3,400 shares of the company's stock, valued at approximately $4,930,000. The trade was a 34.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 142,149 shares of company stock valued at $202,651,767. 4.09% of the stock is currently owned by insiders.

Analyst Ratings Changes

TDG has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. Stifel Nicolaus began coverage on 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. Wall Street Zen raised Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Susquehanna upped their price target on Transdigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. Finally, Northcoast Research raised shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,532.47.

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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