Capital International Inc. CA Trims Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Capital International Inc. CA lowered its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,388 shares of the aerospace company's stock after selling 2,171 shares during the quarter. Capital International Inc. CA owned about 0.07% of TransDigm Group worth $51,183,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares during the last quarter. Triasima Portfolio Management inc. purchased a new position in shares of TransDigm Group in the 4th quarter worth approximately $911,000. Chicago Capital LLC increased its position in shares of TransDigm Group by 0.5% during the 4th quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock valued at $65,568,000 after purchasing an additional 261 shares during the last quarter. CIBC Asset Management Inc lifted its position in TransDigm Group by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock worth $10,840,000 after buying an additional 385 shares during the last quarter. Finally, DnB Asset Management AS boosted its stake in TransDigm Group by 2.5% during the fourth quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company's stock worth $31,204,000 after buying an additional 599 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Price Performance

TransDigm Group stock traded up $12.37 during trading hours on Thursday, reaching $1,364.37. The stock had a trading volume of 89,832 shares, compared to its average volume of 254,746. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The company has a market cap of $76.52 billion, a price-to-earnings ratio of 48.14, a PEG ratio of 2.76 and a beta of 1.08. The business's 50 day moving average price is $1,336.16 and its 200-day moving average price is $1,320.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm posted $7.16 earnings per share. The business's quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 3,650 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the transaction, the director now owns 15,539 shares in the company, valued at approximately $20,545,510.41. This represents a 19.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,762,872. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,894 shares of company stock worth $167,450,256 over the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TDG. Wells Fargo & Company reduced their target price on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Truist Financial decreased their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. 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. Finally, Deutsche Bank Aktiengesellschaft downgraded 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 research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,464.41.

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.