TransDigm Group Incorporated (TDG) Stake Decreased by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX cut its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,684 shares of the aerospace company’s stock after selling 1,132 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in TransDigm Group were worth $2,110,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TDG. Tiger Global Management LLC increased its stake in shares of TransDigm Group by 57.4% during the 2nd quarter. Tiger Global Management LLC now owns 4,000,000 shares of the aerospace company’s stock worth $1,075,480,000 after purchasing an additional 1,459,272 shares during the last quarter. Capital International Investors increased its stake in shares of TransDigm Group by 51.8% during the 2nd quarter. Capital International Investors now owns 1,332,593 shares of the aerospace company’s stock worth $358,294,000 after purchasing an additional 454,568 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of TransDigm Group by 1,843.6% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 191,538 shares of the aerospace company’s stock worth $5,698,000 after purchasing an additional 181,683 shares during the last quarter. Windacre Partnership LLC increased its stake in shares of TransDigm Group by 20.4% during the 3rd quarter. Windacre Partnership LLC now owns 773,100 shares of the aerospace company’s stock worth $197,643,000 after purchasing an additional 131,000 shares during the last quarter. Finally, Matrix Capital Management Company LP increased its stake in shares of TransDigm Group by 16.2% during the 2nd quarter. Matrix Capital Management Company LP now owns 717,783 shares of the aerospace company’s stock worth $192,990,000 after purchasing an additional 100,000 shares during the last quarter.

TransDigm Group Incorporated (NYSE TDG) opened at $292.50 on Tuesday. TransDigm Group Incorporated has a 52 week low of $203.72 and a 52 week high of $295.00. The company has a market cap of $15,200.00, a PE ratio of 34.62, a P/E/G ratio of 2.46 and a beta of 0.62. The company has a quick ratio of 1.61, a current ratio of 2.45 and a debt-to-equity ratio of -3.86.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Thursday, November 9th. The aerospace company reported $3.48 EPS for the quarter, beating the Zacks’ consensus estimate of $3.18 by $0.30. TransDigm Group had a net margin of 12.44% and a negative return on equity of 30.13%. The business had revenue of $923.89 million for the quarter, compared to analyst estimates of $959.77 million. During the same quarter in the prior year, the business earned $3.29 EPS. TransDigm Group’s quarterly revenue was up 5.6% on a year-over-year basis. equities analysts forecast that TransDigm Group Incorporated will post 12.73 earnings per share for the current year.

Several research analysts have recently weighed in on TDG shares. Credit Suisse Group boosted their price objective on shares of TransDigm Group from $294.54 to $320.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Canaccord Genuity lowered their price objective on shares of TransDigm Group from $330.00 to $315.00 and set a “buy” rating on the stock in a research note on Friday, November 10th. Royal Bank of Canada set a $346.00 price objective on shares of TransDigm Group and gave the stock a “buy” rating in a research note on Thursday, November 16th. JPMorgan Chase & Co. lowered shares of TransDigm Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research upgraded shares of TransDigm Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $297.17.

In other TransDigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $277.48, for a total value of $1,664,880.00. Following the completion of the sale, the director now owns 75,818 shares of the company’s stock, valued at approximately $21,037,978.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO W Nicholas Howley sold 63,776 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $268.60, for a total transaction of $17,130,233.60. The disclosure for this sale can be found here. Insiders sold a total of 77,648 shares of company stock valued at $20,900,892 in the last three months. Insiders own 10.52% of the company’s stock.

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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.

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

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