SVB Wealth LLC Sells 98 Shares of TransDigm Group Incorporated (NYSE:TDG)

SVB Wealth LLC decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 25.8% during the first quarter, Holdings Channel reports. The fund owned 282 shares of the aerospace company’s stock after selling 98 shares during the period. SVB Wealth LLC’s holdings in TransDigm Group were worth $347,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in TransDigm Group in the fourth quarter worth about $790,822,000. Capital World Investors raised its stake in TransDigm Group by 14.3% during the first 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. Cerity Partners LLC boosted its holdings in TransDigm Group by 34,288.0% in the fourth quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock worth $208,025,000 after acquiring an additional 205,042 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock worth $2,056,109,000 after acquiring an additional 192,962 shares during the last quarter. Finally, Linonia Partnership LP purchased a new position in shares of TransDigm Group in the 4th quarter worth about $96,884,000. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the completion of the transaction, the insider now directly owns 50 shares of the company’s stock, valued at approximately $66,967. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,292.89, for a total value of $12,928,900.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,547,396.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jessica L. Warren sold 925 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the transaction, the insider now owns 50 shares of the company’s stock, valued at approximately $66,967. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,905 shares of company stock worth $137,900,519. Insiders own 4.96% of the company’s stock.

TransDigm Group Trading Up 2.6 %

Shares of NYSE:TDG traded up $32.24 during midday trading on Tuesday, reaching $1,268.36. 54,085 shares of the company were exchanged, compared to its average volume of 221,161. The stock has a market cap of $70.98 billion, a PE ratio of 49.03, a price-to-earnings-growth ratio of 2.07 and a beta of 1.38. The business’s fifty day moving average is $1,295.95 and its two-hundred day moving average is $1,225.48. TransDigm Group Incorporated has a one year low of $802.46 and a one year high of $1,369.57.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported $7.99 earnings per share for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.88 billion. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The business’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the business posted $5.39 earnings per share. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 30.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TDG. Robert W. Baird raised their price objective on shares of TransDigm Group from $1,290.00 to $1,357.00 and gave the company an “outperform” rating in a research note on Wednesday, May 8th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. Citigroup lifted their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. UBS Group lifted their price target on shares of TransDigm Group from $1,403.00 to $1,466.00 and gave the stock a “neutral” rating in a research note on Monday, July 1st. Finally, The Goldman Sachs Group lifted their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,417.69.

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.