PNC Financial Services Group Inc. Raises Holdings in TransDigm Group Incorporated (NYSE:TDG)

PNC Financial Services Group Inc. raised its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 126.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,559 shares of the aerospace company's stock after purchasing an additional 37,678 shares during the period. PNC Financial Services Group Inc. owned 0.12% of TransDigm Group worth $85,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new position in TransDigm Group in the third quarter valued at about $29,000. Erste Asset Management GmbH purchased a new position in TransDigm Group in the third quarter valued at about $29,000. Capital Advisors Ltd. LLC grew its stake in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont grew its stake in TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after acquiring 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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TransDigm Group Price Performance

NYSE:TDG traded up $6.64 during trading hours on Wednesday, reaching $1,326.51. The company had a trading volume of 343,209 shares, compared to its average volume of 260,428. TransDigm Group Incorporated has a 1-year low of $1,163.82 and a 1-year high of $1,451.32. The firm has a market cap of $74.40 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business's 50 day moving average price is $1,322.16 and its 200-day moving average price is $1,327.00.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (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 the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $7.16 earnings per share. On average, analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the business's 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 transaction of $3,771,270.00. Following the completion of the sale, the chief operating officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,647 shares of company stock valued at $236,483,623 in the last three months. 4.09% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

TDG has been the topic of a number of research analyst reports. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Barclays restated an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. 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 research note on Monday, February 24th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,472.47.

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.