Mn Services Vermogensbeheer B.V. Reduces Stake in TransDigm Group Incorporated (NYSE:TDG)

Mn Services Vermogensbeheer B.V. decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,300 shares of the aerospace company's stock after selling 600 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in TransDigm Group were worth $30,398,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norden Group LLC acquired a new stake in shares of TransDigm Group in the first quarter worth $443,000. Private Advisor Group LLC increased its stake in TransDigm Group by 112.3% in the first quarter. Private Advisor Group LLC now owns 1,558 shares of the aerospace company's stock valued at $1,919,000 after purchasing an additional 824 shares during the period. Janney Montgomery Scott LLC raised its holdings in TransDigm Group by 20.8% during the first quarter. Janney Montgomery Scott LLC now owns 9,987 shares of the aerospace company's stock worth $12,300,000 after purchasing an additional 1,723 shares during the last quarter. Graypoint LLC acquired a new position in TransDigm Group in the first quarter valued at $228,000. Finally, Daiwa Securities Group Inc. lifted its position in TransDigm Group by 11.0% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,531 shares of the aerospace company's stock worth $6,812,000 after acquiring an additional 549 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the business's stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,019,981.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were 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 directly owns 3,600 shares of the company's stock, valued at approximately $4,953,204. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock worth $35,823,485 over the last ninety days. 4.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Morgan Stanley upped their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an "overweight" rating in a research note on Wednesday, August 7th. KeyCorp boosted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company lowered their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,451.94.

TransDigm Group Stock Performance

TransDigm Group stock traded up $10.89 on Monday, reaching $1,315.39. The company's stock had a trading volume of 169,951 shares, compared to its average volume of 214,617. The business's fifty day moving average price is $1,368.09 and its 200 day moving average price is $1,313.47. The company has a market cap of $73.81 billion, a price-to-earnings ratio of 48.66, a PEG ratio of 1.77 and a beta of 1.43. TransDigm Group Incorporated has a twelve month low of $874.95 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, topping the consensus estimate of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the firm earned $6.55 EPS. The business's quarterly revenue was up 17.3% on a year-over-year basis. As a group, equities analysts forecast that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

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

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.