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Parallax Volatility Advisers L.P. Purchases New Shares in TransDigm Group Incorporated (NYSE:TDG)

TransDigm Group logo with Aerospace background

Parallax Volatility Advisers L.P. acquired a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the third quarter, according to its most recent filing with the SEC. The fund acquired 1,138 shares of the aerospace company's stock, valued at approximately $1,624,000.

Several other large investors have also added to or reduced their stakes in the stock. Cetera Investment Advisers grew its position in TransDigm Group by 90.5% during the first quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company's stock worth $4,945,000 after buying an additional 1,907 shares in the last quarter. CWM LLC grew its position in TransDigm Group by 4.6% during the second quarter. CWM LLC now owns 886 shares of the aerospace company's stock valued at $1,132,000 after acquiring an additional 39 shares during the last quarter. Simplicity Wealth LLC raised its stake in shares of TransDigm Group by 2.4% during the second quarter. Simplicity Wealth LLC now owns 1,564 shares of the aerospace company's stock worth $1,998,000 after acquiring an additional 37 shares in the last quarter. OLD National Bancorp IN lifted its holdings in shares of TransDigm Group by 10.3% in the 2nd quarter. OLD National Bancorp IN now owns 514 shares of the aerospace company's stock worth $657,000 after acquiring an additional 48 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in TransDigm Group by 2.0% during the second quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company's stock valued at $715,000 after buying an additional 11 shares during the period. Institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TDG. Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Monday, November 11th. KeyCorp upped their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. Citigroup raised their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Jefferies Financial Group reduced their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,464.00.

View Our Latest Report on TransDigm Group

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $5,046,300. This represents a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock worth $23,541,085 in the last three months. 4.96% of the stock is owned by company insiders.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded down $15.86 during trading hours on Friday, hitting $1,277.00. The company's stock had a trading volume of 289,887 shares, compared to its average volume of 227,145. The company has a market cap of $71.81 billion, a PE ratio of 49.88, a PEG ratio of 2.88 and a beta of 1.39. The business has a 50 day moving average price of $1,333.48 and a two-hundred day moving average price of $1,315.97. TransDigm Group Incorporated has a 12-month low of $965.69 and a 12-month high of $1,451.32.

TransDigm Group Increases Dividend

The firm also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group's previous special dividend of $32.50.

TransDigm Group Company Profile

(Free Report)

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.

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

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