Parallel Advisors LLC Buys 398 Shares of TransDigm Group Incorporated (NYSE:TDG)

Parallel Advisors LLC raised its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 85.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 862 shares of the aerospace company's stock after purchasing an additional 398 shares during the quarter. Parallel Advisors LLC's holdings in TransDigm Group were worth $1,093,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Erste Asset Management GmbH acquired a new position in TransDigm Group during the third quarter worth about $29,000. Capital Advisors Ltd. LLC grew its position in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after acquiring an additional 16 shares during the period. Trust Co. of Vermont increased its stake in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after acquiring an additional 15 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after purchasing an additional 18 shares during the last quarter. Finally, Sachetta LLC increased its position in shares of TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after purchasing an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts have commented on TDG shares. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective on the stock in a research note on Monday, February 24th. Citigroup upped their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Barclays reissued an "equal weight" rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Truist Financial increased their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,472.47.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded up $36.70 during trading on Monday, reaching $1,382.82. 204,744 shares of the stock were exchanged, compared to its average volume of 232,861. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The firm has a market cap of $77.56 billion, a price-to-earnings ratio of 48.78, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The firm's 50-day moving average price is $1,335.17 and its 200 day moving average price is $1,327.15.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $2.03 billion. During the same period last year, the business posted $7.16 earnings per share. The firm's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity at TransDigm Group

In related news, Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the sale, the director now directly owns 98,185 shares of the company's stock, valued at $132,138,354.85. This trade represents a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,896,144. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock worth $165,646,468 in the last quarter. 4.09% of the stock is owned by company insiders.

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.