TransDigm Group Incorporated (NYSE:TDG) Stock Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 9.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,997,827 shares of the aerospace company's stock after acquiring an additional 173,642 shares during the quarter. JPMorgan Chase & Co. owned 3.55% of TransDigm Group worth $2,851,160,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Windacre Partnership LLC lifted its position 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 acquiring an additional 217,700 shares in the last quarter. Darsana Capital Partners LP purchased a new stake in shares of TransDigm Group during the second quarter worth about $210,806,000. International Assets Investment Management LLC raised its position in shares of 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 buying an additional 48,833 shares during the last quarter. Point72 Asset Management L.P. boosted its position in 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 acquiring an additional 48,769 shares during the last quarter. Finally, FMR LLC grew its stake in TransDigm Group by 2.3% in the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock worth $2,740,348,000 after acquiring an additional 43,604 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Small sold 38,053 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now directly owns 567,323 shares of the company's stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 69,525 shares of company stock valued at $88,134,141. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Trading Down 0.0 %

TDG stock traded down $0.43 during midday trading on Thursday, hitting $1,301.23. 108,484 shares of the company's stock were exchanged, compared to its average volume of 232,516. The firm has a 50 day moving average price of $1,300.03 and a 200-day moving average price of $1,309.90. TransDigm Group Incorporated has a 12-month low of $972.08 and a 12-month high of $1,451.32. The stock has a market capitalization of $73.17 billion, a price-to-earnings ratio of 50.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39.

Analyst Ratings Changes

Several research firms have commented on TDG. Wells Fargo & Company lowered their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating for the company in a report on Wednesday, December 11th. Citigroup increased their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. KeyCorp boosted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a report on Monday, October 14th. Finally, StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,465.47.

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.