Advisory Services Network Lowers stake in TransDigm Group Incorporated (TDG)

TransDigm Group Incorporated (TDG) : Advisory Services Network reduced its stake in TransDigm Group Incorporated by 24.93% during the most recent quarter end. The investment management company now holds a total of 527 shares of TransDigm Group Incorporated which is valued at $148,034 after selling 175 shares in TransDigm Group Incorporated , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.TransDigm Group Incorporated makes up approximately 0.03% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in TDG by selling 930 shares or 6.78% in the most recent quarter. The Hedge Fund company now holds 12,784 shares of TDG which is valued at $3,591,026. TransDigm Group Incorporated makes up approx 0.08% of Exxonmobil Investment Management Inc Tx’s portfolio. Lenox Wealth Advisors sold out all of its stake in TDG during the most recent quarter. The investment firm sold 22 shares of TDG which is valued $6,244.Bnp Paribas Arbitrage Sa reduced its stake in TDG by selling 4,214 shares or 45.19% in the most recent quarter. The Hedge Fund company now holds 5,111 shares of TDG which is valued at $1,450,502. TransDigm Group Incorporated makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings reduced its stake in TDG by selling 3,313 shares or 7.32% in the most recent quarter. The Hedge Fund company now holds 41,944 shares of TDG which is valued at $11,903,707. TransDigm Group Incorporated makes up approx 0.07% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in TDG in the latest quarter, The investment management firm added 19 additional shares and now holds a total of 119 shares of TransDigm Group Incorporated which is valued at $33,772. TransDigm Group Incorporated makes up approx 0.01% of Washington Trust Bank’s portfolio.

TransDigm Group Incorporated closed down -4.6 points or -1.61% at $280.9 with 10,06,949 shares getting traded on Friday. Post opening the session at $284.36, the shares hit an intraday low of $279.2801 and an intraday high of $284.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, TransDigm Group Incorporated reported $3.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $2.81. The company had revenue of $797.70 million for the quarter, compared to analysts expectations of $805.85 million. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.26 EPS.

Many Wall Street Analysts have commented on TransDigm Group Incorporated. Jefferies Initiated TransDigm Group Incorporated on Sep 22, 2016 to “Buy”, Price Target of the shares are set at $340.Company shares were Reiterated by Deutsche Bank on Aug 10, 2016 to “Hold”, Firm has raised the Price Target to $ 300 from a previous price target of $260 .

TransDigm Group Incorporated (TransDigm) is a designer producer and supplier of engineered aircraft components for use on commercial and military aircraft. The Company operates through three segments: Power & Control Airframe and Non-aviation. Its 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. Its Airframe segment includes operations that primarily develop produce and market systems and components that are used in non-power airframe applications utilizing airframe and cabin structure technologies. Its Non-aviation segment includes operations that primarily develop produce and market products for non-aviation markets. Its product offerings include mechanical/electro-mechanical actuators and controls ignition systems and engine technology and power conditioning devices.

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