Mizuho Securities USA LLC Trims Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Mizuho Securities USA LLC decreased its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 15.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,638 shares of the aerospace company's stock after selling 675 shares during the period. Mizuho Securities USA LLC's holdings in TransDigm Group were worth $5,192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Darsana Capital Partners LP acquired a new position in shares of TransDigm Group during the 2nd quarter worth $210,806,000. International Assets Investment Management LLC grew its position in TransDigm Group by 108,517.8% during the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock worth $69,755,000 after buying an additional 48,833 shares during the period. Point72 Asset Management L.P. increased its holdings in TransDigm Group by 2,868.8% in the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company's stock valued at $60,136,000 after buying an additional 48,769 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new stake in shares of TransDigm Group during the 2nd quarter valued at approximately $35,134,000. Finally, Baskin Financial Services Inc. acquired a new stake in shares of TransDigm Group during the 3rd quarter valued at approximately $30,404,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. Susquehanna increased their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a research report on Wednesday, August 7th. Finally, Citigroup cut their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,461.82.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business'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 value of $7,676,395.20. Following the transaction, the director now directly owns 21,548 shares in the company, 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. In the last quarter, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is currently owned by company insiders.

TransDigm Group Stock Up 1.6 %

Shares of NYSE TDG traded up $20.19 during trading on Friday, hitting $1,260.32. 485,364 shares of the company traded hands, compared to its average volume of 224,262. The firm has a market capitalization of $70.87 billion, a P/E ratio of 49.23, a P/E/G ratio of 2.21 and a beta of 1.43. The company has a 50-day moving average price of $1,359.76 and a 200-day moving average price of $1,318.20. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32.

TransDigm Group Increases Dividend

The company 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. This is a positive change from TransDigm Group's previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

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.