AGF Management Ltd. Reduces Holdings in TransDigm Group Incorporated (NYSE:TDG)

AGF Management Ltd. lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 71.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 274 shares of the aerospace company's stock after selling 680 shares during the period. AGF Management Ltd.'s holdings in TransDigm Group were worth $347,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Miller Financial Services LLC purchased a new stake in shares of TransDigm Group in the 4th quarter worth about $603,000. King Luther Capital Management Corp lifted its position in shares of TransDigm Group by 1,325.6% in the 4th quarter. King Luther Capital Management Corp now owns 44,449 shares of the aerospace company's stock worth $56,329,000 after purchasing an additional 41,331 shares during the period. Citizens Financial Group Inc. RI lifted its position in shares of TransDigm Group by 10.8% in the 4th quarter. Citizens Financial Group Inc. RI now owns 615 shares of the aerospace company's stock worth $779,000 after purchasing an additional 60 shares during the period. Sage Mountain Advisors LLC lifted its position in shares of TransDigm Group by 5.6% in the 4th quarter. Sage Mountain Advisors LLC now owns 319 shares of the aerospace company's stock worth $404,000 after purchasing an additional 17 shares during the period. Finally, Net Worth Advisory Group lifted its position in shares of TransDigm Group by 5.3% in the 4th quarter. Net Worth Advisory Group now owns 237 shares of the aerospace company's stock worth $300,000 after purchasing an additional 12 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

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TransDigm Group Trading Up 2.1 %

NYSE:TDG traded up $28.38 on Wednesday, reaching $1,370.81. 240,247 shares of the stock traded hands, compared to its average volume of 231,490. The company has a market capitalization of $76.88 billion, a price-to-earnings ratio of 48.35, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The company's fifty day simple moving average is $1,330.19 and its 200 day simple moving average is $1,327.02.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the previous year, the business posted $7.16 earnings per share. The business's revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TDG. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a research report on Monday, February 24th. Truist Financial increased their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Citigroup increased their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Finally, StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,472.47.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Small sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the transaction, the director now directly owns 95,147 shares in the company, valued at approximately $127,042,177.34. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,337,618 over the last three months. 4.09% of the stock is currently owned by company insiders.

About TransDigm Group

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.