BNP Paribas Financial Markets Acquires 16,049 Shares of TransDigm Group Incorporated (NYSE:TDG)

BNP Paribas Financial Markets lifted its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 23.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,692 shares of the aerospace company's stock after acquiring an additional 16,049 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.15% of TransDigm Group worth $122,294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avestar Capital LLC grew its position in shares of TransDigm Group by 14.8% during the 3rd quarter. Avestar Capital LLC now owns 611 shares of the aerospace company's stock valued at $872,000 after acquiring an additional 79 shares during the period. FMR LLC lifted its stake in TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock valued at $2,740,348,000 after purchasing an additional 43,604 shares during the last quarter. Dai ichi Life Insurance Company Ltd grew its holdings in TransDigm Group by 18.2% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 10,605 shares of the aerospace company's stock valued at $15,135,000 after purchasing an additional 1,631 shares during the period. DRW Securities LLC purchased a new stake in TransDigm Group in the third quarter worth $701,000. Finally, Prosperity Financial Group Inc. raised its stake in shares of TransDigm Group by 3.6% in the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock valued at $328,000 after buying an additional 8 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on TDG shares. JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Royal Bank of Canada reiterated an "outperform" rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Citigroup lowered their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an "overweight" rating in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and fourteen 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 $1,461.82.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock valued at $23,541,085 over the last quarter. Corporate insiders own 4.96% of the company's stock.

TransDigm Group Price Performance

TDG stock traded down $13.44 during midday trading on Wednesday, hitting $1,249.17. The stock had a trading volume of 286,354 shares, compared to its average volume of 225,979. The firm has a market cap of $70.24 billion, a price-to-earnings ratio of 48.80, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43. The business has a 50-day moving average of $1,352.75 and a two-hundred day moving average of $1,317.05. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week 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 paid a $75.00 dividend. This is a positive change from TransDigm Group's previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

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.