Massachusetts Financial Services Co. MA Sells 23,571 Shares of TransDigm Group Incorporated (NYSE:TDG)

Massachusetts Financial Services Co. MA trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 23.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 75,576 shares of the aerospace company's stock after selling 23,571 shares during the period. Massachusetts Financial Services Co. MA owned about 0.13% of TransDigm Group worth $95,776,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in TransDigm Group by 7.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company's stock worth $23,295,000 after purchasing an additional 1,086 shares during the last quarter. Unigestion Holding SA purchased a new position in TransDigm Group in the third quarter valued at approximately $1,476,000. Triasima Portfolio Management inc. purchased a new stake in shares of TransDigm Group during the 4th quarter worth approximately $911,000. Finally, HighTower Advisors LLC lifted its position in TransDigm Group by 82.9% in the third quarter. HighTower Advisors LLC now owns 15,216 shares of the aerospace company's stock valued at $21,663,000 after acquiring an additional 6,895 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert J. Small sold 40,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the transaction, the director now directly owns 98,185 shares of the company's stock, valued at $132,138,354.85. This trade represents a 28.95 % 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. Insiders own 4.09% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TDG. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a research report on Monday, February 24th. Susquehanna lifted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their price target on TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Barclays restated an "equal weight" rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,471.78.

TransDigm Group Stock Down 3.0 %

Shares of NYSE:TDG traded down $39.56 on Thursday, reaching $1,277.51. 93,034 shares of the company's stock were exchanged, compared to its average volume of 248,805. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The firm has a market capitalization of $71.65 billion, a price-to-earnings ratio of 44.81, a PEG ratio of 2.76 and a beta of 1.08. The business's 50-day moving average is $1,336.24 and its two-hundred day moving average is $1,325.64.

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. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $7.16 EPS. Analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.