Proficio Capital Partners LLC Buys 321 Shares of TransDigm Group Incorporated (NYSE:TDG)

Proficio Capital Partners LLC boosted its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 125.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 576 shares of the aerospace company's stock after buying an additional 321 shares during the quarter. Proficio Capital Partners LLC's holdings in TransDigm Group were worth $730,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp grew its stake in TransDigm Group by 1.3% in the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock worth $3,181,357,000 after acquiring an additional 29,489 shares during the period. Principal Financial Group Inc. raised its holdings in shares of 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 purchasing an additional 185,422 shares during the period. JPMorgan Chase & Co. lifted its position in TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after buying an additional 173,642 shares in the last quarter. FMR LLC boosted its position in TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock worth $2,740,348,000 after purchasing an additional 43,604 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of TransDigm Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock worth $1,612,583,000 after buying an additional 19,314 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the sale, the director now directly owns 21,548 shares of the company's stock, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock valued at $165,646,468 over the last quarter. Company insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

TDG traded up $0.72 during trading on Wednesday, reaching $1,394.83. The company had a trading volume of 224,347 shares, compared to its average volume of 233,042. The firm's 50-day simple moving average is $1,339.15 and its 200 day simple moving average is $1,328.23. The company has a market cap of $78.23 billion, a price-to-earnings ratio of 49.20, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32.

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 for the quarter, topping the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $7.16 earnings per share. On average, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TDG shares. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Truist Financial upped their price target on 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. Wells Fargo & Company lifted their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an "overweight" rating in a research note on Tuesday. Barclays reissued an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, Citigroup increased their price objective 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. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,477.18.

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.