Williams Jones & Associates LLC Takes Position in TransDigm Group Incorporated (NYSE:TDG)

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Williams Jones & Associates LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 500 shares of the aerospace company’s stock, valued at approximately $227,000.

A number of other hedge funds also recently made changes to their positions in TDG. JPMorgan Chase & Co. grew its holdings in shares of TransDigm Group by 12.4% during the third quarter. JPMorgan Chase & Co. now owns 35,903 shares of the aerospace company’s stock valued at $13,366,000 after buying an additional 3,956 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of TransDigm Group during the fourth quarter valued at $88,000. TD Asset Management Inc. grew its holdings in shares of TransDigm Group by 1.2% during the fourth quarter. TD Asset Management Inc. now owns 14,141 shares of the aerospace company’s stock valued at $4,809,000 after buying an additional 174 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of TransDigm Group by 21.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 26,744 shares of the aerospace company’s stock valued at $9,096,000 after buying an additional 4,775 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of TransDigm Group by 21.2% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,554 shares of the aerospace company’s stock valued at $869,000 after buying an additional 447 shares during the last quarter. Institutional investors own 99.09% of the company’s stock.

Several research firms have commented on TDG. Berenberg Bank set a $540.00 price target on shares of TransDigm Group and gave the company a “buy” rating in a report on Thursday. Credit Suisse Group upped their price target on shares of TransDigm Group from $476.00 to $539.00 and gave the company an “outperform” rating in a report on Wednesday, May 8th. Canaccord Genuity reaffirmed a “buy” rating and issued a $520.00 price target (up from $460.00) on shares of TransDigm Group in a report on Wednesday, May 8th. JPMorgan Chase & Co. upped their price target on shares of TransDigm Group from $465.00 to $515.00 and gave the company an “underweight” rating in a report on Tuesday, May 14th. Finally, Longbow Research began coverage on shares of TransDigm Group in a report on Tuesday, April 9th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. TransDigm Group has an average rating of “Buy” and an average target price of $479.00.

In other TransDigm Group news, Chairman W Nicholas Howley sold 17,083 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $466.89, for a total value of $7,975,881.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Robert S. Henderson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $467.38, for a total transaction of $4,673,800.00. Following the completion of the transaction, the vice president now owns 35,000 shares of the company’s stock, valued at approximately $16,358,300. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,749 shares of company stock valued at $29,720,926. Insiders own 11.00% of the company’s stock.

NYSE:TDG traded down $0.87 during mid-day trading on Friday, hitting $472.20. The company’s stock had a trading volume of 62,757 shares, compared to its average volume of 297,517. TransDigm Group Incorporated has a 1 year low of $307.36 and a 1 year high of $489.95. The firm has a market cap of $25.16 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.46 and a beta of 1.05.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $4.21 EPS for the quarter, beating the consensus estimate of $3.73 by $0.48. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.11 billion. TransDigm Group had a net margin of 19.44% and a negative return on equity of 50.29%. The firm’s revenue was up 28.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.79 earnings per share. On average, research analysts predict that TransDigm Group Incorporated will post 16.12 EPS for the current year.

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TransDigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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