Kestra Private Wealth Services LLC Sells 967 Shares of Transdigm Group Incorporated (NYSE:TDG)

Kestra Private Wealth Services LLC lessened its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 24.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,038 shares of the aerospace company's stock after selling 967 shares during the period. Kestra Private Wealth Services LLC's holdings in Transdigm Group were worth $4,202,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Transdigm Group by 177,412.3% during the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock worth $1,716,401,000 after acquiring an additional 1,240,112 shares during the period. Norges Bank acquired a new stake in shares of Transdigm Group during the 4th quarter worth approximately $973,353,000. Edgewood Management LLC bought a new position in Transdigm Group in the 4th quarter valued at approximately $399,595,000. JPMorgan Chase & Co. raised its stake in shares of Transdigm Group by 10.4% during 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 acquiring an additional 206,822 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Transdigm Group by 14.1% during 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 acquiring an additional 159,839 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Transdigm Group Stock Performance

Shares of TDG traded up $6.56 during mid-day trading on Thursday, hitting $1,604.31. 35,906 shares of the company's stock were exchanged, compared to its average volume of 274,093. The stock's 50-day moving average is $1,482.29 and its 200-day moving average is $1,390.47. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,615.35. The company has a market cap of $90.11 billion, a price-to-earnings ratio of 54.16, a P/E/G ratio of 3.17 and a beta of 1.04.

Transdigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. Transdigm Group's quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $7.99 earnings per share. As a group, equities research analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TDG. Citigroup lifted their price objective on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Morgan Stanley boosted their price target on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. KeyCorp raised their price objective on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Finally, The Goldman Sachs Group boosted their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,606.47.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,434.35, for a total transaction of $4,303,050.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $5,163,660. The trade was a 45.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 49,241 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the transaction, the director owned 21,548 shares of the company's stock, valued at approximately $31,801,615.80. The trade was a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,113 shares of company stock worth $173,419,391. 4.09% of the stock is owned by insiders.

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.