TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lessened its stake in TransDigm Group Incorporated (NYSE:TDG) by 17.1% during the fourth quarter, Holdings Channel reports. The firm owned 131 shares of the aerospace company’s stock after selling 27 shares during the period. Parkside Financial Bank & Trust’s holdings in TransDigm Group were worth $133,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TDG. Quent Capital LLC lifted its holdings in shares of TransDigm Group by 8.8% during the 4th quarter. Quent Capital LLC now owns 123 shares of the aerospace company’s stock valued at $124,000 after acquiring an additional 10 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of TransDigm Group by 5.9% during the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 180 shares of the aerospace company’s stock valued at $197,000 after acquiring an additional 10 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of TransDigm Group by 14.5% during the 4th quarter. Venturi Wealth Management LLC now owns 87 shares of the aerospace company’s stock valued at $88,000 after acquiring an additional 11 shares in the last quarter. Alcosta Capital Management Inc. lifted its holdings in shares of TransDigm Group by 0.3% during the 3rd quarter. Alcosta Capital Management Inc. now owns 3,485 shares of the aerospace company’s stock valued at $2,938,000 after acquiring an additional 12 shares in the last quarter. Finally, Valley National Advisers Inc. lifted its holdings in shares of TransDigm Group by 26.1% during the 3rd quarter. Valley National Advisers Inc. now owns 58 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 12 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,241.62 on Thursday. The firm has a market cap of $69.05 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 2.53 and a beta of 1.42. The firm’s 50-day simple moving average is $1,198.81 and its 200-day simple moving average is $1,055.92. TransDigm Group Incorporated has a 1 year low of $741.74 and a 1 year high of $1,255.59.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping the consensus estimate of $6.41 by $0.75. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. TransDigm Group’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.15 earnings per share. On average, equities analysts predict that TransDigm Group Incorporated will post 29.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TDG. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. The Goldman Sachs Group lifted their target price on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Royal Bank of Canada boosted their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Barclays upped their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Finally, Citigroup upped their price objective on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,170.27.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,105,728. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other TransDigm Group news, Director Michael Graff sold 3,460 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the sale, the director now owns 4,879 shares in the company, valued at $5,406,761.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $1,140.48, for a total transaction of $3,421,440.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,105,728. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,087 shares of company stock worth $69,840,358. 4.96% of the stock is owned by company insiders.

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.