Privium Fund Management UK Ltd Sells 550 Shares of TransDigm Group Incorporated (NYSE:TDG)

Privium Fund Management UK Ltd decreased its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 43.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 720 shares of the aerospace company's stock after selling 550 shares during the quarter. Privium Fund Management UK Ltd's holdings in TransDigm Group were worth $924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TDG. Chilton Capital Management LLC lifted its stake in TransDigm Group by 0.7% in the 2nd quarter. Chilton Capital Management LLC now owns 28,203 shares of the aerospace company's stock worth $36,032,000 after acquiring an additional 196 shares in the last quarter. Verus Capital Partners LLC lifted its stake in TransDigm Group by 1.4% in the 2nd quarter. Verus Capital Partners LLC now owns 877 shares of the aerospace company's stock worth $1,120,000 after acquiring an additional 12 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in shares of TransDigm Group by 27.0% during the 2nd quarter. Resonant Capital Advisors LLC now owns 390 shares of the aerospace company's stock worth $498,000 after purchasing an additional 83 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of TransDigm Group by 9.9% during the 2nd quarter. Natixis Advisors LLC now owns 27,303 shares of the aerospace company's stock worth $34,883,000 after purchasing an additional 2,454 shares in the last quarter. Finally, Bellwether Advisors LLC purchased a new stake in shares of TransDigm Group during the 2nd quarter worth about $2,435,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TDG shares. Deutsche Bank Aktiengesellschaft raised their price target on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a "buy" rating in a research note on Thursday, June 20th. TD Cowen raised 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. Barclays raised their price objective on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Monday, May 13th. Wells Fargo & Company cut their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 7th. Finally, StockNews.com lowered TransDigm Group from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,422.94.

Insider Activity at TransDigm Group

In related news, 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 value of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company's stock, valued at approximately $66,967. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other TransDigm Group news, insider Jessica L. Warren sold 925 shares of TransDigm Group stock in a transaction on Thursday, June 6th. The stock was 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 owns 50 shares in the company, valued at approximately $66,967. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction on Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,019,981.92. The disclosure for this sale can be found here. Insiders have sold a total of 102,708 shares of company stock valued at $133,146,005 in the last 90 days. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded down $40.72 during trading on Tuesday, hitting $1,332.49. 206,129 shares of the stock were exchanged, compared to its average volume of 225,248. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,380.83. The company has a market capitalization of $74.77 billion, a price-to-earnings ratio of 52.86, a price-to-earnings-growth ratio of 2.17 and a beta of 1.42. The company's fifty day simple moving average is $1,274.02 and its 200-day simple moving average is $1,260.39.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate of $7.77 by $1.23. The company had revenue of $2.05 billion for 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%. TransDigm Group's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same quarter last year, the firm earned $6.55 EPS. On average, research analysts forecast that TransDigm Group Incorporated will post 30.57 earnings per share for the current fiscal year.

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.