Deutsche Bank Aktiengesellschaft Downgrades TransDigm Group (NYSE:TDG) to Hold

Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group (NYSE:TDG - Free Report) from a buy rating to a hold rating in a research note issued to investors on Thursday morning, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has $1,348.00 price objective on the aerospace company's stock, down from their previous price objective of $1,444.00.

Other analysts have also recently issued research reports about the stock. StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a report on Monday, October 14th. KeyCorp boosted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. Wells Fargo & Company reduced their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating on the stock in a report on Wednesday, December 11th. Finally, Citigroup upped their price objective 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. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,452.00.

TransDigm Group Trading Down 1.0 %

TDG stock traded down $13.17 during midday trading on Thursday, reaching $1,254.11. The stock had a trading volume of 297,702 shares, compared to its average volume of 232,236. TransDigm Group has a 52-week low of $972.08 and a 52-week high of $1,451.32. The company has a market cap of $70.52 billion, a price-to-earnings ratio of 48.99, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39. The company's fifty day simple moving average is $1,288.45 and its 200 day simple moving average is $1,308.60.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the company's 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 owns 3,600 shares of the company's stock, valued at approximately $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares of the company's stock, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,525 shares of company stock valued at $88,134,141. Corporate insiders own 4.96% of the company's stock.

Institutional Investors Weigh In On TransDigm Group

A number of hedge funds have recently bought and sold shares of TDG. Windacre Partnership LLC lifted its stake in TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock worth $1,038,951,000 after acquiring an additional 217,700 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. Darsana Capital Partners LP purchased a new stake in TransDigm Group during the second quarter worth approximately $210,806,000. International Assets Investment Management LLC boosted its holdings in TransDigm Group by 108,517.8% in the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock valued at $69,755,000 after purchasing an additional 48,833 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in TransDigm Group by 2,868.8% in the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company's stock valued at $60,136,000 after purchasing an additional 48,769 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

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.