Mackenzie Financial Corp Acquires 2,257 Shares of TransDigm Group Incorporated (NYSE:TDG)

Mackenzie Financial Corp grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 54.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,384 shares of the aerospace company’s stock after buying an additional 2,257 shares during the period. Mackenzie Financial Corp’s holdings in TransDigm Group were worth $6,458,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Townsquare Capital LLC boosted its holdings in shares of TransDigm Group by 4.5% during the 3rd quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock valued at $2,235,000 after buying an additional 114 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of TransDigm Group by 26.2% in the 4th quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company’s stock worth $5,793,000 after purchasing an additional 1,188 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of TransDigm Group by 14.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company’s stock worth $7,490,000 after purchasing an additional 962 shares during the last quarter. Chicago Capital LLC raised its position in shares of TransDigm Group by 3.3% in the 4th quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company’s stock worth $48,877,000 after purchasing an additional 1,523 shares during the last quarter. Finally, Sapient Capital LLC purchased a new position in shares of TransDigm Group in the 4th quarter worth about $948,000. Institutional investors own 95.78% of the company’s stock.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total transaction of $12,161,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $9,921,433.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the transaction, the director now owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,087 shares of company stock worth $69,840,358. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Down 2.1 %

NYSE TDG opened at $1,187.70 on Friday. The company has a 50-day moving average price of $1,192.72 and a 200-day moving average price of $1,047.71. The firm has a market capitalization of $66.05 billion, a P/E ratio of 50.41, a PEG ratio of 2.42 and a beta of 1.42. TransDigm Group Incorporated has a 52 week low of $741.74 and a 52 week high of $1,248.39.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.41 by $0.75. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm’s revenue was up 28.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.15 EPS. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 29.08 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TDG. Susquehanna lifted their price target on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Barclays lifted their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. KeyCorp boosted their target price on TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. The Goldman Sachs Group boosted their target price on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Finally, Stifel Nicolaus boosted their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,163.27.

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.