Altarock Partners LP Has $1.27 Billion Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Altarock Partners LP reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,000,604 shares of the aerospace company’s stock after selling 47,660 shares during the quarter. TransDigm Group accounts for approximately 25.7% of Altarock Partners LP’s investment portfolio, making the stock its biggest holding. Altarock Partners LP owned approximately 1.78% of TransDigm Group worth $1,268,045,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in TransDigm Group by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock valued at $7,946,863,000 after acquiring an additional 79,284 shares during the period. Capital World Investors raised its position in shares of TransDigm Group by 4.3% in the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock valued at $4,805,434,000 after purchasing an additional 155,541 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 10.4% during the 4th 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 last quarter. Principal Financial Group Inc. boosted its holdings in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after buying an additional 185,422 shares during the period. Finally, FMR LLC grew its stake in TransDigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock valued at $2,440,268,000 after buying an additional 5,414 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the sale, the director now owns 95,147 shares in the company, valued at approximately $127,042,177.34. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,762,872. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,894 shares of company stock valued at $167,450,256 over the last 90 days. 4.09% of the stock is owned by insiders.

TransDigm Group Stock Up 0.8 %

Shares of TDG stock opened at $1,406.88 on Wednesday. The firm has a market capitalization of $78.90 billion, a P/E ratio of 49.63, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32. The stock’s fifty day simple moving average is $1,341.77 and its 200 day simple moving average is $1,320.12.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Finally, Wells Fargo & Company dropped their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a research note on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,464.41.

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.