Citigroup Inc. Has $172.51 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Citigroup Inc. increased its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 36.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,876 shares of the aerospace company's stock after purchasing an additional 32,609 shares during the period. Citigroup Inc. owned approximately 0.22% of TransDigm Group worth $172,506,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Darsana Capital Partners LP acquired a new stake in shares of TransDigm Group during the second quarter worth approximately $210,806,000. International Assets Investment Management LLC increased its holdings in shares of TransDigm Group by 108,517.8% during the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock worth $69,755,000 after buying an additional 48,833 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of TransDigm Group by 2,868.8% during the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company's stock worth $60,136,000 after buying an additional 48,769 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of TransDigm Group during the second quarter worth approximately $35,134,000. Finally, Baskin Financial Services Inc. acquired a new stake in shares of TransDigm Group during the third quarter worth approximately $30,404,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $29,659,098.16. This trade represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,953,204. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 in the last quarter. Insiders own 4.96% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TDG shares. Northcoast Research started coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They set a "neutral" rating on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Wednesday, August 7th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Monday, November 11th. Jefferies Financial Group reduced their price objective 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. Finally, UBS Group reduced their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,461.82.

TransDigm Group Trading Up 1.6 %

Shares of NYSE:TDG traded up $20.19 on Friday, reaching $1,260.32. 485,364 shares of the company's stock were exchanged, compared to its average volume of 224,256. The company has a market capitalization of $70.87 billion, a price-to-earnings ratio of 48.44, a PEG ratio of 2.21 and a beta of 1.43. The company has a fifty day moving average of $1,361.91 and a 200-day moving average of $1,318.48. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32.

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a $75.00 dividend. This is an increase from TransDigm Group's previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

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.