Cleararc Capital Inc. Boosts Position in Transdigm Group Incorporated (TDG)

Cleararc Capital Inc. increased its stake in shares of Transdigm Group Incorporated (NYSE:TDG) by 0.3% during the fourth quarter, Holdings Channel reports. The fund owned 1,230 shares of the company’s stock after buying an additional 4 shares during the period. Cleararc Capital Inc.’s holdings in Transdigm Group were worth $306,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TDG. Comerica Bank raised its position in Transdigm Group by 48.1% in the second quarter. Comerica Bank now owns 37,754 shares of the company’s stock valued at $10,837,000 after buying an additional 12,257 shares during the last quarter. Quadrature Capital Ltd bought a new position in Transdigm Group during the second quarter valued at $4,578,000. Engineers Gate Manager LP raised its position in Transdigm Group by 1,390.7% in the second quarter. Engineers Gate Manager LP now owns 20,124 shares of the company’s stock valued at $5,306,000 after buying an additional 18,774 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Transdigm Group by 0.8% in the second quarter. Wetherby Asset Management Inc. now owns 4,471 shares of the company’s stock valued at $1,179,000 after buying an additional 37 shares during the last quarter. Finally, BlackRock Investment Management LLC raised its position in Transdigm Group by 15.3% in the second quarter. BlackRock Investment Management LLC now owns 363,541 shares of the company’s stock valued at $95,862,000 after buying an additional 48,112 shares during the last quarter.

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

Shares of Transdigm Group Incorporated (NYSE:TDG) traded down 0.6503% on Tuesday, reaching $250.5699. 458,128 shares of the company’s stock were exchanged. The firm has a market cap of $13.24 billion, a PE ratio of 29.2859 and a beta of 0.49. Transdigm Group Incorporated has a one year low of $190.55 and a one year high of $294.38. The company has a 50 day moving average price of $240.79 and a 200 day moving average price of $265.04.

Transdigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 7th. The company reported $2.57 EPS for the quarter, beating the Zacks’ consensus estimate of $2.48 by $0.09. The company earned $814 million during the quarter, compared to the consensus estimate of $804.52 million. Transdigm Group had a negative return on equity of 58.47% and a net margin of 13.91%. Transdigm Group’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 earnings per share. Analysts expect that Transdigm Group Incorporated will post $12.22 EPS for the current fiscal year.

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Several equities research analysts have commented on the stock. Vertical Group reaffirmed a “sell” rating and set a $22.00 price objective on shares of Transdigm Group in a report on Monday, October 31st. Vertical Research assumed coverage on shares of Transdigm Group in a report on Friday, October 28th. They set a “buy” rating on the stock. Jefferies Group LLC set a $306.00 price objective on shares of Transdigm Group and gave the company a “buy” rating in a report on Thursday, November 24th. Deutsche Bank AG raised shares of Transdigm Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $282.00 to $290.00 in a report on Tuesday, November 15th. Finally, Wellington Shields downgraded shares of Transdigm Group from a “gradually accumulate” rating to a “hold” rating in a report on Monday, November 14th. Four investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $292.26.

In other news, CEO W Nicholas Howley sold 37,000 shares of Transdigm Group stock in a transaction that occurred on Thursday, December 8th. The stock was sold at an average price of $251.25, for a total transaction of $9,296,250.00. Following the sale, the chief executive officer now owns 63,735 shares of the company’s stock, valued at $16,013,418.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert J. Small purchased 91,978 shares of the business’s stock in a transaction dated Tuesday, December 13th. The shares were acquired at an average cost of $247.22 per share, for a total transaction of $22,738,801.16. Following the acquisition, the director now owns 31,940 shares of the company’s stock, valued at approximately $7,896,206.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 189,073 shares of company stock worth $46,603,810 and have sold 50,928 shares worth $12,785,774. Insiders own 10.52% of the company’s stock.

About Transdigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

5 Day Chart for NYSE:TDG

Want to see what other hedge funds are holding TDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Transdigm Group Incorporated (NYSE:TDG).

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