Atria Wealth Solutions Inc. Reduces Holdings in Transdigm Group Incorporated (NYSE:TDG)

Atria Wealth Solutions Inc. trimmed its holdings in shares of Transdigm Group Incorporated (NYSE:TDG) by 14.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623 shares of the aerospace company’s stock after selling 106 shares during the period. Atria Wealth Solutions Inc.’s holdings in Transdigm Group were worth $862,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Argent Trust Co boosted its holdings in shares of Transdigm Group by 20.6% in the 1st quarter. Argent Trust Co now owns 398 shares of the aerospace company’s stock valued at $551,000 after purchasing an additional 68 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Transdigm Group by 57.7% in the 1st quarter. Manchester Capital Management LLC now owns 235 shares of the aerospace company’s stock valued at $325,000 after purchasing an additional 86 shares during the last quarter. Bank of Nova Scotia boosted its holdings in shares of Transdigm Group by 188.7% in the 1st quarter. Bank of Nova Scotia now owns 41,859 shares of the aerospace company’s stock valued at $57,903,000 after purchasing an additional 27,360 shares during the last quarter. Banco Santander S.A. boosted its holdings in shares of Transdigm Group by 63.1% in the 1st quarter. Banco Santander S.A. now owns 2,725 shares of the aerospace company’s stock valued at $3,769,000 after purchasing an additional 1,054 shares during the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Transdigm Group in the 1st quarter valued at $268,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Transdigm Group Stock Up 1.5%

Shares of TDG opened at $1,410.92 on Tuesday. The company’s fifty day moving average is $1,506.57 and its 200-day moving average is $1,411.92. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The firm has a market cap of $79.51 billion, a price-to-earnings ratio of 46.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.07.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the business posted $9.00 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, research analysts predict that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TDG shares. Wells Fargo & Company lifted their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. UBS Group lifted their price target on shares of Transdigm Group from $1,815.00 to $1,839.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a report on Tuesday, June 24th. They issued a “buy” rating and a $1,710.00 price target on the stock. Truist Financial lifted their target price on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, The Goldman Sachs Group upped their price target on shares of Transdigm Group from $1,526.00 to $1,709.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Transdigm Group presently has an average rating of “Moderate Buy” and an average target price of $1,616.86.

Insider Buying and Selling

In other Transdigm Group news, Director Sean P. Hennessy sold 4,700 shares of the firm’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the sale, the director directly owned 33,713 shares in the company, valued at $48,429,398.76. This trade represents a 12.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 2,736 shares of the firm’s stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $1,569.86, for a total transaction of $4,295,136.96. Following the completion of the sale, the director owned 21,548 shares in the company, valued at $33,827,343.28. This represents a 11.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 69,872 shares of company stock worth $100,747,061. 4.09% of the stock is currently owned by corporate 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.