Partners Capital Investment Group LLP Cuts Position in TransDigm Group Incorporated (NYSE:TDG)

Partners Capital Investment Group LLP lessened its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 53.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,288 shares of the aerospace company's stock after selling 4,939 shares during the quarter. Partners Capital Investment Group LLP's holdings in TransDigm Group were worth $5,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. First Personal Financial Services purchased a new position in shares of TransDigm Group during the 3rd quarter valued at $29,000. Erste Asset Management GmbH bought a new stake in TransDigm Group in the 3rd quarter worth approximately $29,000. Trust Co. of Vermont lifted its position in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc lifted its position in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC lifted its position in TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock worth $39,000 after buying an additional 11 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

TransDigm Group Price Performance

Shares of NYSE:TDG traded down $30.98 during trading on Thursday, hitting $1,311.47. 150,357 shares of the company's stock were exchanged, compared to its average volume of 266,717. TransDigm Group Incorporated has a 52-week low of $1,136.27 and a 52-week high of $1,451.32. The business's 50-day simple moving average is $1,304.65 and its 200 day simple moving average is $1,319.33. The company has a market cap of $73.55 billion, a price-to-earnings ratio of 46.26, a PEG ratio of 2.73 and a beta of 1.40.

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

Insider Activity

In other news, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the sale, the director now directly owns 567,323 shares in the company, valued at approximately $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,175 shares of company stock valued at $144,677,394 in the last ninety days. Insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup lifted their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Truist Financial boosted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. KeyCorp upped their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Thursday, October 24th. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Barclays reaffirmed an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,462.35.

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.