Milestone Asset Management LLC Acquires New Holdings in TransDigm Group Incorporated (NYSE:TDG)

Milestone Asset Management LLC acquired a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,014 shares of the aerospace company's stock, valued at approximately $1,285,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its holdings in TransDigm Group by 8.6% in the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock valued at $11,658,000 after acquiring an additional 644 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in TransDigm Group by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock valued at $391,918,000 after purchasing an additional 7,947 shares in the last quarter. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 173,642 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake 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. Finally, Swiss National Bank increased its position in TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on TDG shares. Truist Financial raised their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Barclays reaffirmed an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company decreased 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 research note on Wednesday, December 11th. Citigroup raised 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 report on Thursday, December 5th. Finally, StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, TransDigm Group currently has a consensus rating of "Moderate Buy" and an average target price of $1,455.00.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. The trade was 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 Robert J. Small sold 38,053 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 567,323 shares of the company's stock, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 89,525 shares of company stock valued at $112,769,801 in the last quarter. Insiders own 4.96% of the company's stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded up $26.29 during trading on Thursday, reaching $1,365.21. The company had a trading volume of 92,090 shares, compared to its average volume of 230,531. The firm's fifty day moving average is $1,284.27 and its 200-day moving average is $1,311.07. TransDigm Group Incorporated has a fifty-two week low of $1,086.37 and a fifty-two week high of $1,451.32. The company has a market cap of $76.77 billion, a price-to-earnings ratio of 53.38, a price-to-earnings-growth ratio of 3.06 and a beta of 1.38.

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.