TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 180.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,455 shares of the aerospace company's stock after buying an additional 27,983 shares during the quarter. Corient Private Wealth LLC owned about 0.08% of TransDigm Group worth $55,072,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. CIBC Asset Management Inc boosted its position in shares of TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock valued at $11,658,000 after acquiring an additional 644 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock valued at $391,918,000 after acquiring an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in shares of TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock valued at $530,980,000 after acquiring an additional 8,655 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after acquiring an additional 173,642 shares during the last quarter. Finally, Swiss National Bank boosted its position in shares of TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock valued at $237,046,000 after acquiring an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

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TransDigm Group Stock Down 0.8 %

NYSE:TDG traded down $11.42 on Thursday, reaching $1,359.90. 189,820 shares of the company's stock were exchanged, compared to its average volume of 231,542. The firm has a market capitalization of $76.27 billion, a price-to-earnings ratio of 47.97, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business has a fifty day moving average of $1,331.97 and a 200-day moving average of $1,327.33. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the firm earned $7.16 earnings per share. The business's quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Small sold 1,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the sale, the director now directly owns 95,147 shares of the company's stock, valued at $127,042,177.34. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 124,594 shares of company stock worth $165,337,618. Company insiders own 4.09% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TDG. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays reissued an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Truist Financial upped their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,472.47.

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.