Janus Henderson Group PLC Has $23.63 Million Stake in Transdigm Group Incorporated (NYSE:TDG)

Janus Henderson Group PLC increased its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 1,188.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,902 shares of the aerospace company’s stock after purchasing an additional 81,079 shares during the period. Janus Henderson Group PLC owned 0.17% of Transdigm Group worth $23,633,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TDG. HPM Partners LLC boosted its stake in Transdigm Group by 196.7% in the second quarter. HPM Partners LLC now owns 5,739 shares of the aerospace company’s stock valued at $810,000 after acquiring an additional 3,805 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Transdigm Group by 14.6% in the second quarter. Victory Capital Management Inc. now owns 25,758 shares of the aerospace company’s stock valued at $6,926,000 after acquiring an additional 3,273 shares in the last quarter. Swiss National Bank boosted its stake in Transdigm Group by 2.2% in the second quarter. Swiss National Bank now owns 193,200 shares of the aerospace company’s stock valued at $51,946,000 after acquiring an additional 4,200 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Transdigm Group by 7.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 166,401 shares of the aerospace company’s stock valued at $44,741,000 after acquiring an additional 10,834 shares in the last quarter. Finally, Calamos Advisors LLC boosted its stake in Transdigm Group by 24.3% in the second quarter. Calamos Advisors LLC now owns 14,231 shares of the aerospace company’s stock valued at $3,826,000 after acquiring an additional 2,779 shares in the last quarter.

Several equities analysts have issued reports on TDG shares. Royal Bank Of Canada restated a “buy” rating and issued a $316.00 price objective on shares of Transdigm Group in a research note on Friday, September 1st. Zacks Investment Research downgraded shares of Transdigm Group from a “buy” rating to a “hold” rating and set a $308.00 price objective for the company. in a research note on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and issued a $283.00 price objective on shares of Transdigm Group in a research note on Friday, July 14th. Wolfe Research downgraded shares of Transdigm Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 20th. Finally, Canaccord Genuity restated a “buy” rating and issued a $330.00 price objective on shares of Transdigm Group in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $295.58.

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Transdigm Group Incorporated (NYSE TDG) traded up 1.65% on Friday, reaching $277.50. 555,857 shares of the company traded hands. The company has a 50-day moving average price of $261.25 and a 200-day moving average price of $264.04. The company has a market capitalization of $14.41 billion, a P/E ratio of 30.83 and a beta of 0.53. Transdigm Group Incorporated has a 12 month low of $203.72 and a 12 month high of $295.00.

Transdigm Group (NYSE:TDG) last posted its earnings results on Tuesday, August 8th. The aerospace company reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.98 by $0.32. The firm had revenue of $907.67 million during the quarter, compared to analyst estimates of $903.99 million. Transdigm Group had a net margin of 14.47% and a negative return on equity of 40.12%. Transdigm Group’s revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $3.09 EPS. Equities research analysts expect that Transdigm Group Incorporated will post $12.29 EPS for the current year.

In other Transdigm Group news, VP Robert S. Henderson sold 15,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $263.74, for a total transaction of $3,956,100.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Raymond F. Laubenthal sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $277.56, for a total transaction of $1,665,360.00. Following the sale, the director now owns 75,701 shares in the company, valued at $21,011,569.56. The disclosure for this sale can be found here. Insiders have sold a total of 33,000 shares of company stock valued at $8,729,280 over the last three months. 10.52% of the stock is currently owned by company insiders.

About Transdigm Group

TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

Institutional Ownership by Quarter for Transdigm Group (NYSE:TDG)

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