BI Asset Management Fondsmaeglerselskab A S Reduces Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

BI Asset Management Fondsmaeglerselskab A S reduced its position in TransDigm Group Incorporated (NYSE:TDG) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,417 shares of the aerospace company’s stock after selling 510 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in TransDigm Group were worth $4,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in TransDigm Group in the 4th quarter valued at about $973,353,000. Proficio Capital Partners LLC lifted its stake in shares of TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after buying an additional 729,930 shares in the last quarter. Edgewood Management LLC purchased a new position in TransDigm Group in the 4th quarter valued at approximately $399,595,000. JPMorgan Chase & Co. raised its holdings in TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of TransDigm Group by 9.6% during the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Performance

Shares of TDG opened at $1,335.27 on Monday. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The firm has a market cap of $74.89 billion, a price-to-earnings ratio of 47.10, a PEG ratio of 2.76 and a beta of 1.08. The firm has a 50 day moving average price of $1,336.96 and a 200-day moving average price of $1,320.52.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $7.16 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 40,000 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the sale, the director now owns 98,185 shares of the company’s stock, valued at $132,138,354.85. This represents a 28.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $11,046,584.64. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,594 shares of company stock valued at $167,165,496. 4.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TDG. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays reiterated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. Finally, Susquehanna raised their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,464.41.

TransDigm Group 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.