Mirae Asset Global Investments Co. Ltd. Buys 1,881 Shares of TransDigm Group Incorporated (NYSE:TDG)

Mirae Asset Global Investments Co. Ltd. raised its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 21.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,799 shares of the aerospace company's stock after acquiring an additional 1,881 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in TransDigm Group were worth $13,871,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. First Personal Financial Services acquired a new position in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH bought a new position in TransDigm Group in the third quarter valued at approximately $29,000. Trust Co. of Vermont boosted its holdings in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares during the period. Versant Capital Management Inc increased its position in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after acquiring an additional 18 shares in the last quarter. Finally, DT Investment Partners LLC raised its holdings in shares of TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock worth $39,000 after acquiring an additional 11 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling at TransDigm Group

In other news, Director Robert J. Small sold 38,053 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director now owns 567,323 shares of the company's stock, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,892,616. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 89,525 shares of company stock valued at $112,769,801 in the last quarter. Company insiders own 4.09% of the company's stock.

TransDigm Group Trading Up 0.2 %

NYSE TDG traded up $2.54 during trading on Monday, reaching $1,329.88. The company's stock had a trading volume of 96,192 shares, compared to its average volume of 257,067. The firm has a market capitalization of $74.58 billion, a price-to-earnings ratio of 46.91, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 12 month low of $1,100.86 and a 12 month high of $1,451.32. The firm has a 50 day moving average price of $1,294.68 and a 200 day moving average price of $1,315.07.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.16 EPS. On average, equities analysts forecast that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TDG shares. JPMorgan Chase & Co. increased their target price 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. KeyCorp lifted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Citigroup raised 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. Truist Financial upped their target price 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. Finally, StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, TransDigm Group has an average rating of "Moderate Buy" and an average price target of $1,462.35.

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.