Sustainable Insight Capital Management LLC Trims Stock Position in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Sustainable Insight Capital Management LLC reduced its holdings in Transdigm Group by 11.2%, owning 2,163 shares after selling 273 shares in the first quarter.
• Insider transactions included Director Sean P. Hennessy selling 4,700 shares for approximately $6.75 million, and CFO Sarah Wynne selling 1,800 shares valued at about $2.61 million.
• Transdigm Group's latest earnings report showed $9.60 earnings per share, missing estimates and reflecting a 9.3% year-over-year revenue increase.

Sustainable Insight Capital Management LLC trimmed its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 11.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,163 shares of the aerospace company's stock after selling 273 shares during the quarter. Transdigm Group makes up 1.5% of Sustainable Insight Capital Management LLC's investment portfolio, making the stock its 23rd largest position. Sustainable Insight Capital Management LLC's holdings in Transdigm Group were worth $2,992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TDG. Bessemer Group Inc. raised its holdings in shares of Transdigm Group by 17.5% in the 4th quarter. Bessemer Group Inc. now owns 2,137 shares of the aerospace company's stock valued at $2,708,000 after purchasing an additional 319 shares in the last quarter. Townsquare Capital LLC raised its stake in Transdigm Group by 241.8% during the 4th quarter. Townsquare Capital LLC now owns 4,361 shares of the aerospace company's stock worth $5,527,000 after acquiring an additional 3,085 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new stake in Transdigm Group during the 4th quarter worth $397,000. Mariner LLC raised its stake in Transdigm Group by 0.5% during the 4th quarter. Mariner LLC now owns 15,739 shares of the aerospace company's stock worth $19,946,000 after acquiring an additional 72 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in Transdigm Group by 156.5% during the 4th quarter. XTX Topco Ltd now owns 454 shares of the aerospace company's stock worth $575,000 after acquiring an additional 277 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDG has been the topic of several research analyst reports. Wells Fargo & Company lifted 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 note on Thursday, May 8th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They set a "buy" rating and a $1,710.00 price target on the stock. KeyCorp dropped their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Susquehanna lifted their price objective on shares of Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Finally, UBS Group lifted their price objective on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,624.69.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $5,752,296. The trade was a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sean P. Hennessy sold 4,700 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the sale, the director directly owned 33,713 shares in the company, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,872 shares of company stock valued at $100,747,061 in the last quarter. Insiders own 4.09% of the company's stock.

Transdigm Group Trading Down 1.7%

Shares of NYSE:TDG traded down $24.13 during midday trading on Friday, hitting $1,388.60. The stock had a trading volume of 496,123 shares, compared to its average volume of 288,435. The company has a market capitalization of $78.25 billion, a PE ratio of 46.09, a P/E/G ratio of 2.94 and a beta of 1.07. The stock has a 50 day moving average price of $1,504.71 and a two-hundred day moving average price of $1,412.53. Transdigm Group Incorporated has a 1 year low of $1,183.60 and a 1 year high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm's revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $9.00 EPS. As a group, equities analysts expect that Transdigm Group Incorporated will post 35.13 EPS for the current year.

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.