Y Intercept Hong Kong Ltd Invests $3.26 Million in Transdigm Group Incorporated (NYSE:TDG)

Y Intercept Hong Kong Ltd purchased a new stake in Transdigm Group Incorporated (NYSE:TDG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,354 shares of the aerospace company's stock, valued at approximately $3,256,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Transdigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after buying an additional 79,284 shares during the period. Capital World Investors lifted its holdings in Transdigm Group by 4.3% during the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after buying an additional 155,541 shares during the period. JPMorgan Chase & Co. lifted its holdings 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 worth $2,793,908,000 after buying an additional 206,822 shares during the period. FMR LLC lifted its holdings in Transdigm Group by 0.3% during the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after buying an additional 5,414 shares during the period. Finally, Capital Research Global Investors lifted its holdings in Transdigm Group by 4.8% during the fourth quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock worth $2,421,979,000 after buying an additional 87,309 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Transdigm Group Trading Down 0.1%

TDG traded down $1.23 during midday trading on Friday, hitting $1,598.01. 57,218 shares of the company were exchanged, compared to its average volume of 273,734. The company's 50 day simple moving average is $1,486.15 and its 200 day simple moving average is $1,392.88. The firm has a market capitalization of $89.76 billion, a price-to-earnings ratio of 53.99, a price-to-earnings-growth ratio of 3.23 and a beta of 1.04. Transdigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,615.35.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion for 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%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $7.99 EPS. On average, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity at Transdigm Group

In other Transdigm Group news, Director W Nicholas Howley sold 2,736 shares of the stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the sale, the director directly owned 21,548 shares of the company's stock, valued at approximately $33,827,343.28. This trade represents a 11.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Sarah Wynne sold 1,800 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $1,450.00, for a total transaction of $2,610,000.00. Following the sale, the chief financial officer directly owned 3,400 shares in the company, valued at approximately $4,930,000. The trade was a 34.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 119,113 shares of company stock worth $173,419,391 in the last three months. Company insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

TDG has been the subject of a number of analyst reports. Wall Street Zen upgraded Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Susquehanna increased their price objective on Transdigm Group from $1,300.00 to $1,600.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Citigroup increased their price objective on 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 increased their price objective on Transdigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Northcoast Research upgraded Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Transdigm Group has a consensus rating of "Moderate Buy" and a consensus target price of $1,606.47.

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.