Canada Post Corp Registered Pension Plan Makes New $1.06 Million Investment in TransDigm Group Incorporated (NYSE:TDG)

Canada Post Corp Registered Pension Plan bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 837 shares of the aerospace company's stock, valued at approximately $1,061,000.

Other hedge funds have also recently made changes to their positions in the company. Capital Advisors Ltd. LLC grew its holdings in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont grew its stake in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc increased its position in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after buying an additional 18 shares in the last quarter. Meeder Asset Management Inc. raised its stake in TransDigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after buying an additional 21 shares during the last quarter. Finally, Sachetta LLC boosted its holdings in TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after acquiring an additional 18 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TDG shares. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Susquehanna raised their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th. Finally, UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,464.41.

TransDigm Group Stock Performance

TransDigm Group stock traded down $1.03 during trading on Friday, reaching $1,335.27. The company had a trading volume of 224,372 shares, compared to its average volume of 253,895. The firm has a market capitalization of $74.89 billion, a PE ratio of 47.10, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The firm's 50-day simple moving average is $1,336.96 and its 200 day simple moving average is $1,320.52. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last 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. Analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $28,355,659.64. This represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the transaction, the director now directly owns 98,185 shares in the company, valued at $132,138,354.85. This trade represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 124,594 shares of company stock worth $167,165,496. Corporate insiders own 4.09% of the company's stock.

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.