Gateway Investment Advisers LLC Lowers Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Gateway Investment Advisers LLC lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 11.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,098 shares of the aerospace company’s stock after selling 136 shares during the period. Gateway Investment Advisers LLC’s holdings in TransDigm Group were worth $1,567,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after acquiring an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in TransDigm Group by 26.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock worth $4,888,000 after buying an additional 789 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of TransDigm Group by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 131,149 shares of the aerospace company’s stock worth $161,523,000 after acquiring an additional 1,142 shares during the last quarter. BNP Paribas Financial Markets grew its position in TransDigm Group by 35.7% in the first quarter. BNP Paribas Financial Markets now owns 70,881 shares of the aerospace company’s stock worth $87,297,000 after acquiring an additional 18,655 shares in the last quarter. Finally, Navalign LLC bought a new position in TransDigm Group in the first quarter valued at $789,000. 95.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on TDG shares. UBS Group dropped their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Northcoast Research started coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating for the company. Jefferies Financial Group decreased their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Susquehanna upped their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,441.35.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,410.42 on Friday. TransDigm Group Incorporated has a 1 year low of $811.42 and a 1 year high of $1,451.32. The company’s 50-day moving average is $1,339.33 and its 200 day moving average is $1,297.76. The stock has a market capitalization of $79.14 billion, a P/E ratio of 52.18, a P/E/G ratio of 1.84 and a beta of 1.43.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.77 by $1.23. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business’s revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.55 EPS. Research analysts anticipate that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a $75.00 dividend. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date is Friday, October 4th.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now owns 21,548 shares in the company, valued at $29,659,098.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $1,241.60, for a total transaction of $3,724,800.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,469,760. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,545 shares of company stock valued at $33,968,828 in the last three months. Company insiders own 4.96% of the company’s stock.

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.