Centiva Capital LP Sells 3,699 Shares of TransDigm Group Incorporated (NYSE:TDG)

Centiva Capital LP cut its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 90.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 390 shares of the aerospace company's stock after selling 3,699 shares during the quarter. Centiva Capital LP's holdings in TransDigm Group were worth $557,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Souders Financial Advisors raised its stake in shares of TransDigm Group by 1.0% in the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company's stock valued at $1,137,000 after buying an additional 8 shares in the last quarter. Prosperity Financial Group Inc. raised its position in TransDigm Group by 3.6% in the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company's stock worth $328,000 after purchasing an additional 8 shares in the last quarter. QRG Capital Management Inc. lifted its stake in TransDigm Group by 2.0% during the second quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company's stock worth $715,000 after purchasing an additional 11 shares during the period. Stablepoint Partners LLC boosted its holdings in TransDigm Group by 2.7% during the second quarter. Stablepoint Partners LLC now owns 418 shares of the aerospace company's stock valued at $517,000 after purchasing an additional 11 shares in the last quarter. Finally, DT Investment Partners LLC grew its stake in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 11 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TDG has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research report on Monday, October 14th. Jefferies Financial Group reduced their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Citigroup upped their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday. StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a research note on Friday. Finally, KeyCorp increased their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $1,464.00.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $29,659,098.16. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $5,046,300. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 in the last quarter. Company insiders own 4.96% of the company's stock.

TransDigm Group Stock Performance

TDG traded down $13.65 during trading on Friday, reaching $1,279.21. 289,929 shares of the company's stock were exchanged, compared to its average volume of 338,949. The company's fifty day moving average price is $1,333.48 and its 200-day moving average price is $1,315.75. The firm has a market capitalization of $71.93 billion, a PE ratio of 49.97, a P/E/G ratio of 2.99 and a beta of 1.39. TransDigm Group Incorporated has a fifty-two week low of $965.69 and a fifty-two week high of $1,451.32.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $75.00 per share. This is a boost from TransDigm Group's previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

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.