iA Global Asset Management Inc. Has $28.20 Million Position in TransDigm Group Incorporated (NYSE:TDG)

iA Global Asset Management Inc. cut its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 22.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,251 shares of the aerospace company's stock after selling 6,292 shares during the quarter. iA Global Asset Management Inc.'s holdings in TransDigm Group were worth $28,198,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TDG. Proficio Capital Partners LLC raised its stake in shares of TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock worth $925,349,000 after acquiring an additional 729,930 shares during the last quarter. Windacre Partnership LLC increased its holdings in shares of TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock valued at $1,038,951,000 after purchasing an additional 217,700 shares in the last quarter. Principal Financial Group Inc. raised its position in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after purchasing an additional 185,422 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in TransDigm Group in the 4th quarter valued at $100,811,000. Institutional investors and hedge funds own 95.78% of the company's stock.

Remove Ads

Insider Transactions at TransDigm Group

In related news, Director Robert J. Small sold 1,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 95,147 shares of the company's stock, valued at approximately $127,042,177.34. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock valued at $165,646,468 over the last quarter. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Price Performance

Shares of TransDigm Group stock traded up $36.70 during trading hours on Monday, hitting $1,382.82. The company's stock had a trading volume of 204,744 shares, compared to its average volume of 232,861. The company has a market capitalization of $77.56 billion, a PE ratio of 48.78, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The stock has a 50 day moving average of $1,337.26 and a 200 day moving average of $1,327.53. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a research report on Monday, February 24th. Citigroup upped 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 research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a research 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, Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus 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.