TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Vident Advisory LLC

Vident Advisory LLC increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 17.3% in the fourth quarter, Holdings Channel reports. The firm owned 3,842 shares of the aerospace company’s stock after acquiring an additional 568 shares during the period. Vident Advisory LLC’s holdings in TransDigm Group were worth $4,870,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Triasima Portfolio Management inc. acquired a new stake in TransDigm Group during the 4th quarter worth approximately $911,000. Chicago Capital LLC increased its position in TransDigm Group by 0.5% during the 4th quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company’s stock worth $65,568,000 after purchasing an additional 261 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in TransDigm Group by 89.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock worth $4,202,000 after purchasing an additional 1,553 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in TransDigm Group by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company’s stock worth $10,840,000 after purchasing an additional 385 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,846,958.38. This trade represents a 71.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,762,872. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,713 shares of company stock worth $212,068,917 over the last ninety days. 4.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TDG. Truist Financial dropped their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Susquehanna increased their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Wednesday, April 2nd. Wells Fargo & Company increased their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, UBS Group increased their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,490.20.

TransDigm Group Trading Down 0.8%

TransDigm Group stock opened at $1,428.97 on Wednesday. The stock has a market cap of $80.26 billion, a P/E ratio of 50.40, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. The stock has a 50 day moving average of $1,364.67 and a 200-day moving average of $1,325.91. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,488.54.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, beating the consensus estimate of $8.83 by $0.28. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $7.99 EPS. As a group, equities analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

TransDigm Group Company 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.