TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lowered its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 79.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 751 shares of the aerospace company's stock after selling 2,842 shares during the period. Arrowstreet Capital Limited Partnership's holdings in TransDigm Group were worth $952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its holdings in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after acquiring an additional 16 shares during the period. Trust Co. of Vermont grew its stake in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares during the period. Versant Capital Management Inc increased its holdings in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares during the last quarter. Sachetta LLC lifted its holdings in TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 18 shares during the last quarter. Finally, CENTRAL TRUST Co grew its position in TransDigm Group by 280.0% in the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock worth $72,000 after acquiring an additional 42 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial increased their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Susquehanna raised their price target 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. Barclays reissued an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $1,469.83.

Insider Activity

In related news, Director Robert J. Small sold 3,650 shares of TransDigm Group stock in a transaction on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the transaction, the director now directly owns 15,539 shares of the company's stock, valued at approximately $20,545,510.41. The trade was a 19.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,594 shares of company stock worth $140,302,268 in the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Up 1.7 %

NYSE TDG traded up $22.97 during trading hours on Tuesday, hitting $1,360.10. 575,480 shares of the stock were exchanged, compared to its average volume of 252,359. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The stock has a 50-day moving average of $1,336.02 and a 200 day moving average of $1,322.97. The company has a market cap of $76.28 billion, a price-to-earnings ratio of 47.98, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

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

TransDigm Group 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.