Cambridge Investment Research Advisors Inc. Cuts Holdings in Transdigm Group Incorporated (NYSE:TDG)

Cambridge Investment Research Advisors Inc. lowered its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 68.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,858 shares of the aerospace company's stock after selling 3,995 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Transdigm Group were worth $2,570,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TDG. Lindbrook Capital LLC raised its stake in shares of Transdigm Group by 3.6% during the fourth 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 raised its position in Transdigm Group by 13.1% in the 1st 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. Great Lakes Advisors LLC lifted its stake in Transdigm Group by 0.3% in the fourth quarter. Great Lakes Advisors LLC now owns 2,938 shares of the aerospace company's stock worth $3,723,000 after purchasing an additional 9 shares during the last quarter. AMG National Trust Bank boosted its position in Transdigm Group by 5.1% during the fourth 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 during the period. Finally, Texas Yale Capital Corp. grew its stake in shares of Transdigm Group by 0.4% during the fourth quarter. Texas Yale Capital Corp. now owns 2,686 shares of the aerospace company's stock valued at $3,404,000 after buying an additional 10 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on TDG. Wells Fargo & Company boosted their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Truist Financial lowered their price objective on Transdigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. The Goldman Sachs Group raised their target price on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wall Street Zen raised shares of Transdigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, UBS Group increased their price target 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. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,532.47.

Insider Transactions at Transdigm Group

In other news, CFO Sarah Wynne sold 1,800 shares of Transdigm Group stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total value of $2,610,000.00. Following the completion of the transaction, the chief financial officer owned 3,400 shares of the company's stock, valued at $4,930,000. The trade was a 34.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $1,444.08, for a total transaction of $3,951,002.88. Following the sale, the director directly owned 21,548 shares in the company, valued at $31,117,035.84. This trade represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 142,149 shares of company stock worth $202,651,767. Company insiders own 4.09% of the company's stock.

Transdigm Group Price Performance

TDG stock traded down $8.00 during midday trading on Tuesday, hitting $1,512.64. The stock had a trading volume of 284,700 shares, compared to its average volume of 282,584. The firm has a market cap of $84.97 billion, a price-to-earnings ratio of 51.07, a price-to-earnings-growth ratio of 3.20 and a beta of 1.05. The business has a 50-day moving average of $1,429.06 and a two-hundred day moving average of $1,359.27. Transdigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,528.45.

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