Kentucky Retirement Systems Insurance Trust Fund Sells 136 Shares of TransDigm Group Incorporated (NYSE:TDG)

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 6.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,835 shares of the aerospace company’s stock after selling 136 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in TransDigm Group were worth $2,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC increased its stake in shares of TransDigm Group by 31.2% during the 1st quarter. Lazard Asset Management LLC now owns 395 shares of the aerospace company’s stock worth $486,000 after purchasing an additional 94 shares during the last quarter. LRI Investments LLC purchased a new stake in TransDigm Group in the first quarter worth $160,000. Canada Pension Plan Investment Board raised its stake in shares of TransDigm Group by 4.2% in the first quarter. Canada Pension Plan Investment Board now owns 128,229 shares of the aerospace company’s stock valued at $157,927,000 after buying an additional 5,216 shares during the period. Capital World Investors lifted its position in shares of TransDigm Group by 14.3% during the 1st quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after buying an additional 442,182 shares during the last quarter. Finally, Capital Research Global Investors grew its stake in shares of TransDigm Group by 1.6% during the 1st quarter. Capital Research Global Investors now owns 1,965,640 shares of the aerospace company’s stock worth $2,420,882,000 after acquiring an additional 30,393 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now owns 50 shares of the company’s stock, valued at $66,967. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Robert J. Small sold 30,000 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $1,323.86, for a total transaction of $39,715,800.00. Following the transaction, the director now owns 112,381 shares of the company’s stock, valued at approximately $148,776,710.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jessica L. Warren sold 925 shares of the business’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the completion of the sale, the insider now directly owns 50 shares of the company’s stock, valued at $66,967. The disclosure for this sale can be found here. Insiders have sold a total of 105,905 shares of company stock valued at $137,900,519 over the last 90 days. 4.96% of the stock is owned by insiders.

TransDigm Group Trading Up 0.5 %

Shares of NYSE TDG traded up $6.44 during midday trading on Friday, hitting $1,234.86. 207,905 shares of the company’s stock were exchanged, compared to its average volume of 264,088. The business’s fifty day moving average price is $1,297.49 and its two-hundred day moving average price is $1,222.50. The company has a market cap of $69.10 billion, a price-to-earnings ratio of 48.98, a PEG ratio of 2.07 and a beta of 1.38. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,369.57.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, topping analysts’ consensus estimates of $7.42 by $0.57. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. TransDigm Group had a net margin of 21.22% and a negative return on equity of 63.35%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $5.39 EPS. Equities analysts expect that TransDigm Group Incorporated will post 30.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on TDG. TD Cowen boosted their price objective on TransDigm Group from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, May 8th. The Goldman Sachs Group upped their price target on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Wells Fargo & Company lifted their price objective on shares of TransDigm Group from $1,260.00 to $1,390.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 8th. KeyCorp increased their target price on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Finally, Stifel Nicolaus lifted their price target on TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,417.69.

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.