Mariner LLC Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Mariner LLC boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,739 shares of the aerospace company’s stock after purchasing an additional 72 shares during the period. Mariner LLC’s holdings in TransDigm Group were worth $19,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TDG. Vanguard Group Inc. increased its position in shares of TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after purchasing an additional 79,284 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock valued at $2,694,585,000 after acquiring an additional 185,422 shares during the period. FMR LLC lifted its holdings in shares of TransDigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock worth $2,440,268,000 after acquiring an additional 5,414 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of TransDigm Group by 14.1% during the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company’s stock worth $1,636,409,000 after purchasing an additional 159,839 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,341.88 on Thursday. The stock’s fifty day moving average is $1,337.49 and its two-hundred day moving average is $1,323.36. The stock has a market cap of $75.26 billion, a PE ratio of 47.33, a P/E/G ratio of 2.76 and a beta of 1.08. 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) last posted its 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. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.16 earnings per share. On average, research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Tuesday, April 8th. Wells Fargo & Company cut their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating on the stock in a report on Tuesday. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price for the company in a report on Wednesday, April 9th. Barclays reiterated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Susquehanna raised their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,467.00.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,892,616. This represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the transaction, the director now owns 21,548 shares in the company, valued at $28,355,659.64. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,594 shares of company stock worth $167,165,496. Corporate insiders own 4.09% of the company’s stock.

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.