6,510 Shares in TransDigm Group Incorporated (NYSE:TDG) Purchased by Q Global Advisors LLC

Q Global Advisors LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,510 shares of the aerospace company's stock, valued at approximately $8,250,000. TransDigm Group comprises approximately 6.5% of Q Global Advisors LLC's holdings, making the stock its 6th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in TDG. Erste Asset Management GmbH bought a new position in TransDigm Group in the 3rd quarter valued at approximately $29,000. Capital Advisors Ltd. LLC lifted its holdings in shares of TransDigm Group by 200.0% during 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 in the last quarter. Trust Co. of Vermont boosted its position in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc boosted its position 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 valued at $33,000 after buying an additional 18 shares during the last quarter. Finally, Sachetta LLC increased its holdings in TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after buying an additional 18 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

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TransDigm Group Price Performance

Shares of NYSE:TDG traded up $13.27 during trading on Tuesday, hitting $1,393.62. 186,787 shares of the company's stock were exchanged, compared to its average volume of 233,285. The business's 50-day simple moving average is $1,339.15 and its 200 day simple moving average is $1,328.23. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32. The company has a market cap of $78.16 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $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 Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,594 shares of company stock worth $165,646,468. Insiders own 4.09% of the company's stock.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of recent analyst reports. 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. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, January 8th. Wells Fargo & Company boosted their target price on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an "overweight" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft downgraded 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, Citigroup upped their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Six equities research 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 has a consensus rating of "Moderate Buy" and an average price target of $1,477.18.

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.