Reasons for Louise Matthews’s Shares Sale of Summit Midstream Partners, LP (SMLP)’s Stock; Bamco Trimmed By $6.38 Million Its Transdigm Group (TDG) Holding

March 20, 2018 - By Martha Paddon

Bamco Inc decreased Transdigm Group Inc (TDG) stake by 5% reported in 2017Q3 SEC filing. Bamco Inc sold 25,000 shares as Transdigm Group Inc (TDG)’s stock rose 2.33%. The Bamco Inc holds 475,000 shares with $121.43M value, down from 500,000 last quarter. Transdigm Group Inc now has $15.79 billion valuation. The stock increased 1.09% or $3.27 during the last trading session, reaching $302.5. About 622,472 shares traded or 21.67% up from the average. TransDigm Group Incorporated (NYSE:TDG) has risen 12.77% since March 20, 2017 and is uptrending. It has underperformed by 3.93% the S&P500.

Louise Matthews, See remarks below. of Summit Midstream Partners – Lp is the insider, Octafinance want to write about today. Mr. Louise submitted a public document with the U.S. Security & Exchange Commission disclosing a trade for 1,000 shares of the Texas-based company, the one she is an insider in. At the time of the legal trading deal, the average market share price of Summit Midstream Partners – Lp was $14.6, making the insider trade worth $14,550 U.S Dollars. Louise now holds 14,114 shares accounting for 0.02% of the Company’s market cap

Analysts await TransDigm Group Incorporated (NYSE:TDG) to report earnings on May, 8. They expect $3.51 EPS, up 21.88% or $0.63 from last year’s $2.88 per share. TDG’s profit will be $183.20M for 21.55 P/E if the $3.51 EPS becomes a reality. After $2.43 actual EPS reported by TransDigm Group Incorporated for the previous quarter, Wall Street now forecasts 44.44% EPS growth.

Bamco Inc increased Trex Co Inc (NYSE:TREX) stake by 49,870 shares to 1.19M valued at $106.75 million in 2017Q3. It also upped Cheesecake Factory Inc (NASDAQ:CAKE) stake by 275,000 shares and now owns 925,000 shares. Mercury Sys Inc (NASDAQ:MRCY) was raised too.

Investors sentiment increased to 1 in 2017 Q3. Its up 0.07, from 0.93 in 2017Q2. It improved, 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. Comerica National Bank stated it has 0.1% in TransDigm Group Incorporated (NYSE:TDG). Mirador Cap Prns Ltd Partnership owns 853 shares. Apg Asset Management Nv has invested 0.09% in TransDigm Group Incorporated (NYSE:TDG). Arizona State Retirement Systems holds 20,052 shares or 0.06% of its portfolio. Raymond James Associates has invested 0% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). Cleararc Inc invested 0.05% in TransDigm Group Incorporated (NYSE:TDG). Public Employees Retirement Sys Of Ohio reported 20,681 shares. Vident Inv Advisory Ltd Com reported 0.02% stake. State Of New Jersey Common Pension Fund D owns 37,500 shares or 0.04% of their US portfolio. X Mngmt Ltd Company holds 0.01% or 1,016 shares. Oregon Pub Employees Retirement Fund holds 5,269 shares or 0.02% of its portfolio. Mu Invests Limited holds 0.03% of its portfolio in TransDigm Group Incorporated (NYSE:TDG) for 170 shares. Stockbridge Partners Limited has invested 23.2% in TransDigm Group Incorporated (NYSE:TDG). Fmr Llc has 1.27M shares for 0.04% of their portfolio. Advisory Services stated it has 6 shares.

Among 20 analysts covering Transdigm Group Incorporated (NYSE:TDG), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. Transdigm Group Incorporated has $376.0 highest and $3.25 lowest target. $295.23’s average target is -2.40% below currents $302.5 stock price. Transdigm Group Incorporated had 77 analyst reports since August 4, 2015 according to SRatingsIntel. As per Wednesday, February 7, the company rating was maintained by Robert W. Baird. The company was maintained on Monday, July 17 by Cowen & Co. The firm has “Buy” rating given on Tuesday, January 23 by RBC Capital Markets. The stock has “Hold” rating by Wellington Shields on Tuesday, November 15. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, August 5. The rating was maintained by Jefferies on Tuesday, September 5 with “Buy”. RBC Capital Markets maintained the shares of TDG in report on Thursday, November 9 with “Buy” rating. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, August 10 report. The firm has “Buy” rating given on Wednesday, November 15 by RBC Capital Markets. The stock has “Buy” rating by Bank of America on Thursday, February 8.

Since October 16, 2017, it had 1 insider buy, and 9 insider sales for $26.15 million activity. 1,347 shares valued at $399,774 were bought by Stein Kevin M on Thursday, February 22. 6,000 shares were sold by Laubenthal Raymond F, worth $1.58M on Monday, October 16. $1.50M worth of TransDigm Group Incorporated (NYSE:TDG) shares were sold by Jones Roger. Howley W Nicholas sold $2.80 million worth of stock or 9,500 shares. Another trade for 15,000 shares valued at $3.96M was made by Henderson Robert S on Monday, October 16. Shares for $4.75 million were sold by Peacock Douglas W on Friday, February 16.

The stock decreased 3.72% or $0.55 during the last trading session, reaching $14.25. About 268,112 shares traded or 8.17% up from the average. Summit Midstream Partners, LP (NYSE:SMLP) has risen 6.71% since March 20, 2017 and is uptrending. It has underperformed by 9.99% the S&P500.

Analysts await Summit Midstream Partners, LP (NYSE:SMLP) to report earnings on May, 3. They expect $0.07 earnings per share, down 56.25% or $0.09 from last year’s $0.16 per share. SMLP’s profit will be $5.22M for 50.89 P/E if the $0.07 EPS becomes a reality. After $0.25 actual earnings per share reported by Summit Midstream Partners, LP for the previous quarter, Wall Street now forecasts -72.00% negative EPS growth.

Among 9 analysts covering Summit Midstream Partners (NYSE:SMLP), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Summit Midstream Partners has $34 highest and $16 lowest target. $22.15’s average target is 55.44% above currents $14.25 stock price. Summit Midstream Partners had 33 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by Robert W. Baird on Friday, August 12 to “Outperform”. The firm has “Buy” rating by RBC Capital Markets given on Monday, August 7. The company was initiated on Tuesday, May 24 by Credit Suisse. The rating was downgraded by Citigroup on Thursday, March 10 to “Neutral”. Barclays Capital downgraded the stock to “Sell” rating in Tuesday, July 18 report. The company was downgraded on Friday, January 15 by Wells Fargo. Barclays Capital maintained the stock with “Underweight” rating in Wednesday, March 7 report. RBC Capital Markets maintained Summit Midstream Partners, LP (NYSE:SMLP) rating on Thursday, July 6. RBC Capital Markets has “Buy” rating and $2800 target. RBC Capital Markets maintained the shares of SMLP in report on Monday, September 11 with “Buy” rating. The stock of Summit Midstream Partners, LP (NYSE:SMLP) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 6.

Since March 9, 2018, it had 1 buy, and 0 insider sales for $238,200 activity. 15,000 shares were bought by Newby Steven J, worth $238,200.

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