Parallax Volatility Advisers L.P. Sells 287 Shares of TransDigm Group Incorporated (NYSE:TDG)

Parallax Volatility Advisers L.P. decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 851 shares of the aerospace company's stock after selling 287 shares during the quarter. Parallax Volatility Advisers L.P.'s holdings in TransDigm Group were worth $1,078,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of TransDigm Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after purchasing an additional 79,284 shares in the last quarter. Capital World Investors boosted its stake in TransDigm Group by 4.3% during the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after buying an additional 155,541 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after buying an additional 206,822 shares in the last quarter. Principal Financial Group Inc. increased its stake in TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of TransDigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after acquiring an additional 5,414 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday. Susquehanna lifted their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company decreased their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Truist Financial dropped their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a report on Monday, February 24th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,464.41.

TransDigm Group Stock Up 0.7 %

Shares of TransDigm Group stock opened at $1,378.22 on Friday. The firm has a market capitalization of $77.30 billion, a P/E ratio of 48.61, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The company has a 50 day moving average price of $1,338.78 and a 200 day moving average price of $1,319.95.

TransDigm Group (NYSE:TDG - Get Free Report) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the firm earned $7.16 EPS. The firm's revenue was up 12.1% on a year-over-year basis. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $11,046,584.64. This trade represents a 71.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,762,872. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,894 shares of company stock worth $167,450,256 over the last three months. 4.09% of the stock is currently owned by insiders.

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.

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