BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $13.33 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 12.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 9,337 shares of the aerospace company's stock after selling 1,314 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in TransDigm Group were worth $13,325,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of TDG. Edgestream Partners L.P. raised its stake in TransDigm Group by 17.7% during the third quarter. Edgestream Partners L.P. now owns 6,119 shares of the aerospace company's stock valued at $8,733,000 after buying an additional 918 shares in the last quarter. Acropolis Investment Management LLC bought a new stake in shares of TransDigm Group in the 3rd quarter valued at approximately $103,000. Appian Way Asset Management LP bought a new position in TransDigm Group during the third quarter worth $6,565,000. Captrust Financial Advisors boosted its holdings in TransDigm Group by 0.8% in the third quarter. Captrust Financial Advisors now owns 2,449 shares of the aerospace company's stock worth $3,494,000 after purchasing an additional 20 shares during the period. Finally, Skye Global Management LP increased its stake in TransDigm Group by 0.8% during the third quarter. Skye Global Management LP now owns 112,000 shares of the aerospace company's stock valued at $159,839,000 after purchasing an additional 928 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TDG. Citigroup reduced their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 7th. UBS Group dropped their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Jefferies Financial Group reduced their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus target price of $1,461.82.

TransDigm Group Price Performance

Shares of TDG traded up $3.64 during midday trading on Friday, reaching $1,252.97. The stock had a trading volume of 171,083 shares, compared to its average volume of 333,014. The firm's 50 day moving average price is $1,346.89 and its 200-day moving average price is $1,316.87. TransDigm Group Incorporated has a 52 week low of $949.99 and a 52 week high of $1,451.32. The company has a market capitalization of $70.45 billion, a P/E ratio of 48.94, a P/E/G ratio of 2.82 and a beta of 1.43.

TransDigm Group Increases Dividend

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

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business's 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 sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,944 shares of company stock worth $23,541,085. Corporate insiders own 4.96% of the company's stock.

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.