Sustainable Insight Capital Management LLC Has $2.65 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Sustainable Insight Capital Management LLC boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 37.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,074 shares of the aerospace company's stock after purchasing an additional 567 shares during the quarter. TransDigm Group comprises approximately 1.3% of Sustainable Insight Capital Management LLC's holdings, making the stock its 22nd largest position. Sustainable Insight Capital Management LLC's holdings in TransDigm Group were worth $2,650,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. UNIVEST FINANCIAL Corp increased its holdings in shares of TransDigm Group by 48.1% during the 2nd quarter. UNIVEST FINANCIAL Corp now owns 317 shares of the aerospace company's stock worth $405,000 after purchasing an additional 103 shares during the period. New York Life Investment Management LLC raised its stake in shares of TransDigm Group by 1.2% in the second quarter. New York Life Investment Management LLC now owns 7,657 shares of the aerospace company's stock valued at $9,783,000 after purchasing an additional 89 shares in the last quarter. Arizona State Retirement System lifted its position in TransDigm Group by 1.5% in the second quarter. Arizona State Retirement System now owns 16,120 shares of the aerospace company's stock worth $20,595,000 after purchasing an additional 246 shares during the period. Nicholas Hoffman & Company LLC. boosted its stake in TransDigm Group by 34.1% during the second quarter. Nicholas Hoffman & Company LLC. now owns 374 shares of the aerospace company's stock worth $478,000 after buying an additional 95 shares in the last quarter. Finally, TD Asset Management Inc boosted its position in shares of TransDigm Group by 3.9% during the 2nd quarter. TD Asset Management Inc now owns 19,014 shares of the aerospace company's stock valued at $24,292,000 after acquiring an additional 721 shares in the last quarter. 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 weighed in on TDG shares. Barclays lifted their price objective on TransDigm Group from $1,250.00 to $1,500.00 and gave the company an "overweight" rating in a report on Monday, May 13th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a "neutral" rating in a report on Wednesday. Bank of America lifted their price objective on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a "buy" rating in a research report on Wednesday, May 29th. Finally, StockNews.com downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating in a research report on Monday, August 5th. Eight 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 a consensus rating of "Moderate Buy" and a consensus price target of $1,438.24.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 10,000 shares of the company's 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 directly owns 8,158 shares of the company's stock, valued at approximately $10,019,981.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,073 shares of the business's stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total transaction of $6,302,187.90. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $26,769,080.40. The disclosure for this sale can be found here. In the last three months, insiders sold 71,783 shares of company stock valued at $92,191,316. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Trading Down 2.6 %

Shares of NYSE:TDG traded down $35.11 during mid-day trading on Friday, reaching $1,294.17. The stock had a trading volume of 157,071 shares, compared to its average volume of 193,316. The firm has a 50 day simple moving average of $1,276.20 and a two-hundred day simple moving average of $1,263.25. The firm has a market cap of $72.62 billion, a PE ratio of 51.34, a price-to-earnings-growth ratio of 2.14 and a beta of 1.42. TransDigm Group Incorporated has a twelve month low of $802.46 and a twelve month high of $1,380.83.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the business posted $6.55 EPS. The firm's revenue was up 17.3% compared to the same quarter last year. On average, equities analysts anticipate that TransDigm Group Incorporated will post 30.57 EPS for the current fiscal 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.