Candelo Capital Management LP Has $5.15 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Candelo Capital Management LP increased its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 151.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,067 shares of the aerospace company's stock after buying an additional 2,450 shares during the quarter. TransDigm Group comprises about 2.6% of Candelo Capital Management LP's portfolio, making the stock its 16th biggest position. Candelo Capital Management LP's holdings in TransDigm Group were worth $5,154,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC lifted its holdings in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares in the last quarter. Trust Co. of Vermont raised its holdings in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after buying an additional 18 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares in the last quarter. Finally, Sachetta LLC raised its holdings in shares of TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after acquiring an additional 18 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the sale, the director now owns 21,548 shares of the company's stock, valued at $28,355,659.64. The trade was a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,762,872. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,894 shares of company stock valued at $167,450,256 over the last quarter. Company insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the subject of a number of recent research reports. Susquehanna boosted their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Truist Financial lowered their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Barclays reiterated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Finally, StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Tuesday, April 8th. Five 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, TransDigm Group currently has a consensus rating of "Moderate Buy" and an average price target of $1,464.41.

TransDigm Group Price Performance

NYSE:TDG opened at $1,306.30 on Wednesday. The company has a market capitalization of $73.26 billion, a P/E ratio of 46.08, a P/E/G ratio of 2.76 and a beta of 1.08. The business has a fifty day simple moving average of $1,335.41 and a two-hundred day simple moving average of $1,320.09. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the company earned $7.16 EPS. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

About TransDigm Group

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.

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