Meritage Group LP Has $134.83 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Meritage Group LP trimmed its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 35.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,478 shares of the aerospace company's stock after selling 51,688 shares during the quarter. TransDigm Group comprises 3.2% of Meritage Group LP's portfolio, making the stock its 16th largest position. Meritage Group LP owned about 0.17% of TransDigm Group worth $134,832,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in TransDigm Group by 17.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock valued at $4,980,000 after buying an additional 567 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company's stock valued at $4,888,000 after buying an additional 789 shares during the period. CIBC Asset Management Inc raised its holdings 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 buying an additional 644 shares during the period. Swiss National Bank lifted its position in TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Westfield Capital Management Co. LP grew its position in TransDigm Group by 2.4% in the third 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 in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TDG. JPMorgan Chase & Co. raised their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a report on Monday, October 14th. Citigroup lifted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday. StockNews.com downgraded TransDigm Group from a "buy" rating to a "hold" rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group cut their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus price target of $1,464.00.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at $5,046,300. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the sale, the director now owns 21,548 shares of the company's stock, valued at $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. Over the last 90 days, insiders have sold 16,944 shares of company stock valued at $23,541,085. Corporate insiders own 4.96% of the company's stock.

TransDigm Group Stock Performance

Shares of TDG stock traded down $20.77 during midday trading on Monday, reaching $1,258.44. 140,264 shares of the company were exchanged, compared to its average volume of 226,757. TransDigm Group Incorporated has a 12 month low of $972.08 and a 12 month high of $1,451.32. The company has a market cap of $70.76 billion, a P/E ratio of 49.97, a PEG ratio of 2.93 and a beta of 1.39. The company's 50 day moving average price is $1,333.48 and its two-hundred day moving average price is $1,315.75.

TransDigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a boost from TransDigm Group's previous special dividend of $32.50.

TransDigm Group 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.