Cibc World Markets Corp Purchases 1,262 Shares of TransDigm Group Incorporated (NYSE:TDG)

Cibc World Markets Corp grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,863 shares of the aerospace company's stock after buying an additional 1,262 shares during the period. Cibc World Markets Corp's holdings in TransDigm Group were worth $11,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Erste Asset Management GmbH purchased a new position in shares of TransDigm Group during the 3rd quarter worth about $29,000. Capital Advisors Ltd. LLC increased its holdings 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 buying an additional 16 shares during the period. Trust Co. of Vermont increased its holdings in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after acquiring an additional 15 shares during the period. Versant Capital Management Inc raised its holdings 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 purchasing an additional 18 shares in the last quarter. Finally, Sachetta LLC raised its stake in shares of TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after acquiring an additional 18 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

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TransDigm Group Price Performance

Shares of NYSE:TDG traded down $16.57 during trading on Friday, reaching $1,344.17. 545,227 shares of the company's stock traded hands, compared to its average volume of 259,993. The stock has a market capitalization of $75.39 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32. The company has a 50 day moving average of $1,333.54 and a 200-day moving average of $1,327.55.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.16 earnings per share. Equities research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TDG. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Citigroup lifted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Truist Financial increased their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price on the stock in a research report on Monday, February 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and an average price target of $1,472.47.

Insider Buying and Selling

In related news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,594 shares of company stock worth $165,646,468. 4.09% of the stock is owned by company insiders.

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.