TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Skye Global Management LP

Skye Global Management LP lessened its stake in TransDigm Group Incorporated (NYSE:TDG) by 45.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,200 shares of the aerospace company’s stock after selling 2,700 shares during the period. TransDigm Group accounts for approximately 0.2% of Skye Global Management LP’s portfolio, making the stock its 20th largest position. Skye Global Management LP’s holdings in TransDigm Group were worth $1,548,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. United Capital Financial Advisers LLC boosted its stake in shares of TransDigm Group by 11.5% during the second quarter. United Capital Financial Advisers LLC now owns 7,360 shares of the aerospace company’s stock worth $3,561,000 after buying an additional 761 shares during the period. Scotia Capital Inc. boosted its stake in shares of TransDigm Group by 11.5% during the second quarter. Scotia Capital Inc. now owns 5,576 shares of the aerospace company’s stock worth $2,699,000 after buying an additional 576 shares during the period. APG Asset Management N.V. boosted its stake in shares of TransDigm Group by 3.7% during the second quarter. APG Asset Management N.V. now owns 258,284 shares of the aerospace company’s stock worth $109,728,000 after buying an additional 9,200 shares during the period. MML Investors Services LLC boosted its stake in shares of TransDigm Group by 18.9% during the second quarter. MML Investors Services LLC now owns 586 shares of the aerospace company’s stock worth $284,000 after buying an additional 93 shares during the period. Finally, Cibc World Markets Corp boosted its stake in shares of TransDigm Group by 25.3% during the second quarter. Cibc World Markets Corp now owns 10,227 shares of the aerospace company’s stock worth $4,948,000 after buying an additional 2,068 shares during the period. Institutional investors own 99.64% of the company’s stock.

In other TransDigm Group news, Chairman W Nicholas Howley sold 17,083 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $547.65, for a total value of $9,355,504.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernt G. Iversen II sold 8,333 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $536.99, for a total transaction of $4,474,737.67. Following the completion of the transaction, the insider now directly owns 12,643 shares of the company’s stock, valued at $6,789,164.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 273,700 shares of company stock valued at $145,335,349. 11.00% of the stock is owned by insiders.

NYSE:TDG traded up $13.66 during mid-day trading on Thursday, reaching $514.76. The stock had a trading volume of 446,159 shares, compared to its average volume of 342,488. The firm has a market capitalization of $27.41 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.41 and a beta of 0.97. TransDigm Group Incorporated has a twelve month low of $307.36 and a twelve month high of $555.27. The business has a 50 day simple moving average of $519.08 and a 200 day simple moving average of $478.12.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $4.95 EPS for the quarter, beating the Zacks’ consensus estimate of $4.01 by $0.94. The firm had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.58 billion. TransDigm Group had a net margin of 15.26% and a negative return on equity of 59.21%. The firm’s revenue was up 69.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.59 earnings per share. On average, equities research analysts forecast that TransDigm Group Incorporated will post 16.92 earnings per share for the current year.

The company also recently disclosed a dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were given a $30.00 dividend. The ex-dividend date of this dividend was Thursday, August 15th.

Several equities research analysts have recently weighed in on TDG shares. Credit Suisse Group increased their target price on shares of TransDigm Group from $539.00 to $617.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Cowen reiterated a “buy” rating and set a $520.00 target price on shares of TransDigm Group in a research note on Tuesday, August 6th. SunTrust Banks increased their target price on shares of TransDigm Group to $560.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Jefferies Financial Group increased their target price on shares of TransDigm Group from $480.00 to $550.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, UBS Group increased their target price on shares of TransDigm Group to $605.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. TransDigm Group presently has a consensus rating of “Buy” and an average price target of $540.42.

TransDigm Group Company 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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