TransDigm Group Incorporated (NYSE:TDG) Stock Position Lowered by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 66.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,542 shares of the aerospace company's stock after selling 16,702 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in TransDigm Group were worth $10,825,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Erste Asset Management GmbH acquired a new stake in TransDigm Group during the 3rd quarter worth approximately $29,000. Capital Advisors Ltd. LLC increased its position in shares of TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after acquiring an additional 16 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of TransDigm Group by 150.0% during 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 in the last quarter. Versant Capital Management Inc lifted its holdings in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after acquiring an additional 18 shares in the last quarter. Finally, Sachetta LLC boosted its position in 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 purchasing an additional 18 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Insider Activity

In related news, Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the sale, the director now directly owns 98,185 shares in the company, valued at $132,138,354.85. The trade was a 28.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at $27,942,799.96. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,594 shares of company stock valued at $165,337,618. Insiders own 4.09% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on TDG. Truist Financial increased their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, Barclays reiterated an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,472.47.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $28.38 on Wednesday, reaching $1,370.81. 241,066 shares of the company were exchanged, compared to its average volume of 231,493. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The firm has a market cap of $76.88 billion, a price-to-earnings ratio of 48.35, a P/E/G ratio of 2.76 and a beta of 1.38. The company's 50-day moving average is $1,330.19 and its two-hundred day moving average is $1,327.02.

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 (EPS) 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 company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the company posted $7.16 earnings per share. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.