Talara Capital Management Has Cut Its Transdigm Group (TDG) Position as Market Value Rose; Addenda Capital Has Increased Royal Bk Cda Montreal Que (RY) Stake by $5.63 Million; Stock Price Declined

January 14, 2018 - By Hazel Jackson

David Zusman decreased its stake in Transdigm Group Inc (TDG) by 31.81% based on its latest 2017Q3 regulatory filing with the SEC. Talara Capital Management Llc sold 28,388 shares as the company’s stock rose 2.33% with the market. The hedge fund run by David Zusman held 60,865 shares of the military and government and technical company at the end of 2017Q3, valued at $15.56M, down from 89,253 at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Transdigm Group Inc for a number of months, seems to be less bullish one the $15.20 billion market cap company. The stock increased 1.74% or $4.99 during the last trading session, reaching $292.5. About 392,970 shares traded. TransDigm Group Incorporated (NYSE:TDG) has risen 12.77% since January 14, 2017 and is uptrending. It has underperformed by 3.93% the S&P500.

Addenda Capital Inc increased its stake in Royal Bk Cda Montreal Que (RY) by 5.29% based on its latest 2017Q3 regulatory filing with the SEC. Addenda Capital Inc bought 73,140 shares as the company’s stock declined 9.02% while stock markets rallied. The institutional investor held 1.46 million shares of the commercial banks company at the end of 2017Q3, valued at $112.47 million, up from 1.38M at the end of the previous reported quarter. Addenda Capital Inc who had been investing in Royal Bk Cda Montreal Que for a number of months, seems to be bullish on the $120.67B market cap company. The stock increased 0.56% or $0.47 during the last trading session, reaching $84.35. About 502,343 shares traded. Royal Bank of Canada (NYSE:RY) has risen 16.29% since January 14, 2017 and is uptrending. It has underperformed by 0.41% the S&P500.

Talara Capital Management Llc, which manages about $249.36 million and $192.43 million US Long portfolio, upped its stake in Qep Res Inc (NYSE:QEP) by 817,669 shares to 2.50M shares, valued at $21.43M in 2017Q3, according to the filing.

Since August 15, 2017, it had 0 buys, and 4 insider sales for $8.73 million activity. $3.96 million worth of TransDigm Group Incorporated (NYSE:TDG) shares were sold by Henderson Robert S.

Among 19 analysts covering Transdigm Group Incorporated (NYSE:TDG), 10 have Buy rating, 2 Sell and 7 Hold. Therefore 53% are positive. Transdigm Group Incorporated had 64 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Tuesday, September 5. Canaccord Genuity maintained the shares of TDG in report on Wednesday, September 13 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Friday, July 14. The firm earned “Neutral” rating on Wednesday, December 16 by JP Morgan. The stock of TransDigm Group Incorporated (NYSE:TDG) has “Outperform” rating given on Thursday, October 6 by Robert W. Baird. On Tuesday, November 15 the stock rating was upgraded by Deutsche Bank to “Buy”. Deutsche Bank maintained the shares of TDG in report on Wednesday, August 10 with “Hold” rating. On Thursday, March 23 the stock rating was maintained by Canaccord Genuity with “Buy”. On Tuesday, September 1 the stock rating was downgraded by Zacks to “Hold”. As per Tuesday, June 6, the company rating was maintained by Jefferies.

Analysts await TransDigm Group Incorporated (NYSE:TDG) to report earnings on February, 6. They expect $2.61 earnings per share, up 6.53% or $0.16 from last year’s $2.45 per share. TDG’s profit will be $135.61 million for 28.02 P/E if the $2.61 EPS becomes a reality. After $3.38 actual earnings per share reported by TransDigm Group Incorporated for the previous quarter, Wall Street now forecasts -22.78% negative EPS growth.

Investors sentiment increased to 0.93 in 2017 Q3. Its up 0.30, from 0.63 in 2017Q2. It increased, as 30 investors sold TDG shares while 129 reduced holdings. 42 funds opened positions while 106 raised stakes. 56.62 million shares or 1.72% less from 57.61 million shares in 2017Q2 were reported. Ww Asset Mngmt Inc holds 4,777 shares or 0.04% of its portfolio. 3,270 were reported by King Luther Capital Mgmt Corporation. Barbara Oil Company has invested 1.06% in TransDigm Group Incorporated (NYSE:TDG). Putnam Investments Limited Liability Company reported 0.01% stake. Moreover, Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has 0.01% invested in TransDigm Group Incorporated (NYSE:TDG). Atlantic Group Limited Liability Corp holds 849 shares. 1.38 million are held by Capital Invsts. Barclays Pcl owns 16,239 shares. Eulav Asset has invested 0.53% in TransDigm Group Incorporated (NYSE:TDG). Valinor Mngmt Lp stated it has 435,246 shares or 3.48% of all its holdings. Douglass Winthrop Advsrs Ltd Liability Corp accumulated 115,622 shares or 1.72% of the stock. The Missouri-based Parkside Bancorporation & has invested 0% in TransDigm Group Incorporated (NYSE:TDG). Jaffetilchin Investment Prtnrs Limited Liability Company has invested 0.1% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). Public Employees Retirement Association Of Colorado invested in 9,342 shares. Windacre Partnership Ltd Liability Corporation holds 27.98% of its portfolio in TransDigm Group Incorporated (NYSE:TDG) for 773,100 shares.

Among 11 analysts covering Royal Bank Of Canada (NYSE:RY), 4 have Buy rating, 2 Sell and 5 Hold. Therefore 36% are positive. Royal Bank Of Canada had 18 analyst reports since August 4, 2015 according to SRatingsIntel. On Wednesday, September 14 the stock rating was maintained by Citigroup with “Buy”. TD Securities downgraded the shares of RY in report on Monday, April 3 to “Hold” rating. Argus Research maintained the shares of RY in report on Thursday, August 25 with “Buy” rating. The company was maintained on Monday, December 12 by Argus Research. Zacks downgraded the stock to “Hold” rating in Saturday, August 22 report. Bank of America maintained the stock with “Buy” rating in Thursday, August 27 report. TD Securities upgraded Royal Bank of Canada (NYSE:RY) on Monday, November 21 to “Buy” rating. The rating was downgraded by Rafferty on Thursday, December 1 to “Hold”. Citigroup maintained the stock with “Buy” rating in Monday, August 15 report. Argus Research initiated it with “Buy” rating and $69 target in Friday, July 1 report.

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