Mn Services Vermogensbeheer B.V. Cuts Stake in TransDigm Group Incorporated (NYSE:TDG)

Mn Services Vermogensbeheer B.V. lowered its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 6.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,500 shares of the aerospace company's stock after selling 1,300 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in TransDigm Group were worth $28,357,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TDG. Vanguard Group Inc. grew its holdings in shares of TransDigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after purchasing an additional 79,284 shares during the last quarter. Capital World Investors lifted its position in TransDigm Group by 4.3% in the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after purchasing an additional 155,541 shares during the period. JPMorgan Chase & Co. boosted its stake in 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 buying an additional 206,822 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after purchasing an additional 185,422 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of TransDigm Group by 0.3% in the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock valued at $2,440,268,000 after buying an additional 5,414 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Up 0.1%

TDG traded up $1.76 during midday trading on Friday, hitting $1,437.60. 318,150 shares of the company were exchanged, compared to its average volume of 263,767. The firm's 50 day moving average price is $1,398.26 and its 200-day moving average price is $1,343.88. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54. The firm has a market capitalization of $80.75 billion, a P/E ratio of 50.71, a P/E/G ratio of 2.76 and a beta of 1.05.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the previous year, the business posted $7.99 EPS. TransDigm Group's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. UBS Group boosted their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Susquehanna increased their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Wells Fargo & Company raised their price target on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Truist Financial cut their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,505.23.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 49,241 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at $31,801,615.80. This trade represents a 69.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 45,700 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the completion of the transaction, the director now owns 88,419 shares in the company, valued at approximately $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,413 shares of company stock valued at $198,508,074 in the last three months. Company insiders own 4.09% of the company's stock.

TransDigm Group Company 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.