Capital International Investors Decreases Holdings in TransDigm Group Incorporated (NYSE:TDG)

Capital International Investors reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 0.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,258,179 shares of the aerospace company's stock after selling 708 shares during the quarter. TransDigm Group comprises about 1.5% of Capital International Investors' portfolio, making the stock its 11th biggest position. Capital International Investors owned 11.16% of TransDigm Group worth $7,931,040,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of TDG. Vanguard Group Inc. boosted its holdings in TransDigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock worth $7,946,863,000 after buying an additional 79,284 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. Principal Financial Group Inc. grew its stake in TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock valued at $2,694,585,000 after purchasing an additional 185,422 shares in the last quarter. FMR LLC increased its holdings in TransDigm Group by 0.3% during the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after buying an additional 5,414 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of TransDigm Group by 14.1% in the 4th quarter. Geode Capital Management LLC now owns 1,293,282 shares of the aerospace company's stock valued at $1,636,409,000 after purchasing an additional 159,839 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on TDG. Truist Financial cut their price target on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company lowered their price objective on 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. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and reduced their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Barclays reiterated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,464.41.

TransDigm Group Price Performance

Shares of TDG stock traded up $39.53 on Wednesday, reaching $1,347.43. 122,357 shares of the company were exchanged, compared to its average volume of 254,542. The company has a 50-day moving average of $1,335.41 and a 200-day moving average of $1,320.09. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The company has a market cap of $75.57 billion, a price-to-earnings ratio of 47.53, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share 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 analysts' expectations of $2.03 billion. During the same quarter last year, the firm earned $7.16 EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,300 shares of the business's stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,758,480. The trade was a 47.83 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $11,046,584.64. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,894 shares of company stock worth $167,450,256 in the last quarter. 4.09% of the stock is currently owned by company insiders.

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.