Proficio Capital Partners LLC Acquires 729,930 Shares of TransDigm Group Incorporated (NYSE:TDG)

Proficio Capital Partners LLC boosted its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 286,247.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 730,185 shares of the aerospace company's stock after purchasing an additional 729,930 shares during the period. TransDigm Group comprises about 0.5% of Proficio Capital Partners LLC's portfolio, making the stock its 28th largest holding. Proficio Capital Partners LLC owned 1.30% of TransDigm Group worth $925,349,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. PFG Investments LLC acquired a new stake in TransDigm Group in the third quarter valued at $226,000. Wealth Enhancement Advisory Services LLC lifted its stake in TransDigm Group by 33.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,220 shares of the aerospace company's stock valued at $7,450,000 after acquiring an additional 1,322 shares during the last quarter. Integrated Advisors Network LLC lifted its stake in TransDigm Group by 1.6% in the third quarter. Integrated Advisors Network LLC now owns 1,373 shares of the aerospace company's stock valued at $1,959,000 after acquiring an additional 21 shares during the last quarter. Deltec Asset Management LLC acquired a new stake in TransDigm Group in the third quarter valued at $1,166,000. Finally, Nicholas Hoffman & Company LLC. lifted its stake in TransDigm Group by 24.3% in the third quarter. Nicholas Hoffman & Company LLC. now owns 465 shares of the aerospace company's stock valued at $664,000 after acquiring an additional 91 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have commented on TDG. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays restated an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company upgraded shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,472.47.

TransDigm Group Trading Up 1.4 %

TDG stock traded up $18.72 during mid-day trading on Friday, hitting $1,368.24. The stock had a trading volume of 267,159 shares, compared to its average volume of 257,543. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The firm has a market capitalization of $76.74 billion, a P/E ratio of 48.26, a P/E/G ratio of 2.76 and a beta of 1.40. The firm has a fifty day simple moving average of $1,314.11 and a 200 day simple moving average of $1,324.21.

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

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock valued at $155,847,223 in the last ninety days. 4.09% of the stock is currently owned by company insiders.

TransDigm Group 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.