Sapient Capital LLC Reduces Position in TransDigm Group Incorporated (NYSE:TDG)

Sapient Capital LLC trimmed its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 853 shares of the aerospace company’s stock after selling 35 shares during the quarter. Sapient Capital LLC’s holdings in TransDigm Group were worth $1,051,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Compagnie Lombard Odier SCmA acquired a new position in TransDigm Group in the fourth quarter worth about $25,000. Oakworth Capital Inc. acquired a new position in TransDigm Group in the fourth quarter worth about $26,000. Optiver Holding B.V. acquired a new position in TransDigm Group in the third quarter worth about $35,000. VisionPoint Advisory Group LLC acquired a new position in TransDigm Group in the fourth quarter worth about $37,000. Finally, Oliver Lagore Vanvalin Investment Group grew its stake in TransDigm Group by 48.0% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 37 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 12 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Trading Down 0.8 %

NYSE:TDG traded down $10.57 during midday trading on Tuesday, hitting $1,248.15. 238,226 shares of the stock were exchanged, compared to its average volume of 206,483. TransDigm Group Incorporated has a one year low of $750.86 and a one year high of $1,269.51. The company has a market capitalization of $69.41 billion, a price-to-earnings ratio of 52.98, a P/E/G ratio of 2.56 and a beta of 1.42. The business has a 50-day moving average price of $1,207.04 and a two-hundred day moving average price of $1,068.32.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the company earned $4.15 earnings per share. The firm’s quarterly revenue was up 28.1% compared to the same quarter last year. Sell-side analysts forecast that TransDigm Group Incorporated will post 29.08 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,439,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TransDigm Group news, Director Jorge Valladares sold 2,427 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $1,191.99, for a total value of $2,892,959.73. Following the transaction, the director now owns 11,000 shares of the company’s stock, valued at $13,111,890. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,439,160. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,087 shares of company stock valued at $69,840,358. Corporate insiders own 4.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on TDG. Truist Financial lifted their target price on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. KeyCorp lifted their target price on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,050.00 to $1,175.00 and gave the company a “neutral” rating in a research note on Wednesday, March 27th. Stifel Nicolaus lifted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Finally, Royal Bank of Canada lifted their target price on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, TransDigm Group has a consensus rating of “Moderate Buy” and an average price target of $1,170.27.

TransDigm Group Company 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.