Capital Research Global Investors Has $2.42 Billion Position in TransDigm Group Incorporated (NYSE:TDG)

Capital Research Global Investors increased its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,911,128 shares of the aerospace company's stock after purchasing an additional 87,309 shares during the period. Capital Research Global Investors owned approximately 3.41% of TransDigm Group worth $2,421,979,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 9.5% during the third 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 period. Triasima Portfolio Management inc. acquired a new position in TransDigm Group during the 4th quarter worth approximately $911,000. Chicago Capital LLC grew its stake 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 worth $65,568,000 after acquiring an additional 261 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of TransDigm Group by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock valued at $10,840,000 after purchasing an additional 385 shares during the last quarter. Finally, DnB Asset Management AS boosted its holdings 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 purchasing an additional 599 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

TransDigm Group Price Performance

TDG stock traded up $45.01 during trading on Wednesday, reaching $1,352.91. 324,784 shares of the company were exchanged, compared to its average volume of 282,771. The company has a 50-day moving average of $1,335.41 and a two-hundred day moving average of $1,320.09. The company has a market capitalization of $75.88 billion, a price-to-earnings ratio of 47.72, a P/E/G ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its 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 during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter in the prior year, the firm earned $7.16 EPS. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction 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 approximately $11,046,584.64. The trade was a 71.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,300 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,758,480. The trade was a 47.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,894 shares of company stock worth $167,450,256 in the last quarter. 4.09% of the stock is owned by insiders.

Analysts Set New Price Targets

TDG has been the subject of several recent analyst reports. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective for the company in a report on Monday, February 24th. Barclays reaffirmed an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Susquehanna lifted their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company cut their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus target price of $1,464.41.

TransDigm Group Company 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.