Capital Group Private Client Services Inc. Decreases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Capital Group Private Client Services Inc. lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,871 shares of the aerospace company's stock after selling 1,719 shares during the quarter. Capital Group Private Client Services Inc. owned about 0.11% of TransDigm Group worth $78,408,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Capital Advisors Ltd. LLC lifted its position in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont lifted its holdings in shares of 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 acquiring an additional 15 shares during the last quarter. Versant Capital Management Inc grew its position in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after acquiring an additional 18 shares in the last quarter. Meeder Asset Management Inc. increased 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 acquiring an additional 21 shares during the last quarter. Finally, Sachetta LLC raised its position in TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Analyst Ratings Changes

TDG has been the topic of several recent research reports. Truist Financial reduced their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Barclays reissued an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company cut 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. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, TransDigm Group has an average rating of "Moderate Buy" and an average price target of $1,464.41.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,300 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,758,480. This represents a 47.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $11,046,584.64. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,894 shares of company stock valued at $167,450,256 in the last three months. Company insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

Shares of NYSE TDG traded up $43.85 during midday trading on Wednesday, hitting $1,351.75. 139,204 shares of the company traded hands, compared to its average volume of 254,607. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The firm has a market cap of $75.81 billion, a P/E ratio of 47.68, a P/E/G ratio of 2.76 and a beta of 1.08. The stock has a 50-day moving average price of $1,335.41 and a 200 day moving average price of $1,320.09.

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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the company earned $7.16 EPS. The business's revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.