AMF Tjanstepension AB Sells 5,357 Shares of Transdigm Group Incorporated (NYSE:TDG)

Key Points

• AMF Tjanstepension AB significantly reduced its stake in Transdigm Group, selling 35.9% of its shares during the first quarter, now holding 9,575 shares valued at approximately $13.25 million.
• Transdigm Group's stock has a market capitalization of $80.27 billion and has seen a 12-month price range between $1,183.60 and $1,623.82.
• In their last earnings report, Transdigm missed expectations, reporting $9.60 EPS against a consensus estimate of $9.75 EPS, with revenues reaching $2.24 billion.

AMF Tjanstepension AB lessened its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 35.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,575 shares of the aerospace company's stock after selling 5,357 shares during the period. AMF Tjanstepension AB's holdings in Transdigm Group were worth $13,245,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TDG. GAMMA Investing LLC increased its stake in Transdigm Group by 177,412.3% in the first quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after purchasing an additional 1,240,112 shares in the last quarter. Capital World Investors increased its stake 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 valued at $4,805,434,000 after purchasing an additional 155,541 shares in the last quarter. Vanguard Group Inc. increased its stake in Transdigm Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock valued at $8,797,619,000 after purchasing an additional 89,121 shares in the last quarter. Capital Research Global Investors increased its stake in Transdigm Group by 4.8% in the fourth quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock valued at $2,421,979,000 after purchasing an additional 87,309 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in Transdigm Group by 343.2% in the fourth quarter. Marshall Wace LLP now owns 97,858 shares of the aerospace company's stock valued at $124,013,000 after purchasing an additional 75,780 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $1,597.86, for a total value of $4,793,580.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $5,752,296. The trade was a 45.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sean P. Hennessy sold 4,700 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the completion of the sale, the director owned 33,713 shares in the company, valued at $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,872 shares of company stock worth $100,747,061 in the last ninety days. 4.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TDG shares. Truist Financial upped their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Citigroup upped their price target 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. UBS Group upped their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday. Finally, Morgan Stanley upped 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 report on Thursday, July 17th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,616.86.

Transdigm Group Trading Down 2.6%

Shares of NYSE:TDG traded down $36.61 during midday trading on Friday, reaching $1,392.54. The company had a trading volume of 433,017 shares, compared to its average volume of 334,686. The company's 50 day moving average price is $1,507.43 and its 200 day moving average price is $1,411.43. The stock has a market cap of $78.47 billion, a P/E ratio of 46.22, a P/E/G ratio of 2.81 and a beta of 1.07. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share 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 company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.29 billion. During the same period last year, the firm posted $9.00 earnings per share. Transdigm Group's quarterly revenue was up 9.3% compared to the same quarter last year. Research analysts forecast that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal 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.