Oddo BHF Asset Management Sas Makes New $716,000 Investment in TransDigm Group Incorporated (NYSE:TDG)

Oddo BHF Asset Management Sas bought a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 502 shares of the aerospace company's stock, valued at approximately $716,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Windacre Partnership LLC lifted its holdings in TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company's stock valued at $1,038,951,000 after buying an additional 217,700 shares during the period. Darsana Capital Partners LP purchased a new position in TransDigm Group in the second quarter worth $210,806,000. International Assets Investment Management LLC increased its stake in shares of TransDigm Group by 108,517.8% during the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock worth $69,755,000 after purchasing an additional 48,833 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in TransDigm Group by 2,868.8% during 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 purchasing an additional 48,769 shares during the last quarter. Finally, FMR LLC raised its stake in shares of TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock valued at $2,740,348,000 after purchasing an additional 43,604 shares during the period. Institutional investors own 95.78% of the company's stock.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the 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 completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on TDG shares. Citigroup upped 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 report on Thursday, December 5th. KeyCorp increased their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Wells Fargo & Company decreased their target price on TransDigm Group from $1,500.00 to $1,375.00 and set an "equal weight" rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $1,465.47.

TransDigm Group Stock Performance

Shares of TDG traded up $18.60 during mid-day trading on Friday, hitting $1,259.12. 235,968 shares of the company traded hands, compared to its average volume of 312,090. The stock has a 50-day moving average price of $1,317.27 and a two-hundred day moving average price of $1,312.98. The stock has a market cap of $70.80 billion, a price-to-earnings ratio of 49.18, a P/E/G ratio of 2.89 and a beta of 1.39. TransDigm Group Incorporated has a 1 year low of $972.08 and a 1 year high of $1,451.32.

TransDigm Group Increases Dividend

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

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.