Quadrature Capital Ltd Has $4.57 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Quadrature Capital Ltd trimmed its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 57.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,197 shares of the aerospace company's stock after selling 4,403 shares during the period. Quadrature Capital Ltd's holdings in TransDigm Group were worth $4,565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TDG. First Personal Financial Services acquired a new stake in TransDigm Group in the 3rd quarter worth $29,000. Erste Asset Management GmbH acquired a new stake in TransDigm Group in the 3rd quarter worth $29,000. Meeder Asset Management Inc. grew its position in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company's stock worth $38,000 after purchasing an additional 22 shares during the last quarter. DT Investment Partners LLC boosted its position in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company's stock valued at $39,000 after acquiring an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new stake in shares of TransDigm Group during the 2nd quarter valued at about $41,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Performance

Shares of NYSE TDG traded down $15.86 during trading on Friday, reaching $1,277.00. The company had a trading volume of 289,887 shares, compared to its average volume of 227,145. TransDigm Group Incorporated has a 52 week low of $965.69 and a 52 week high of $1,451.32. The stock has a market cap of $71.81 billion, a PE ratio of 49.88, a PEG ratio of 2.88 and a beta of 1.39. The business's 50 day moving average price is $1,333.48 and its 200-day moving average price is $1,315.97.

TransDigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were paid a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is an increase from TransDigm Group's previous special dividend of $32.50.

Analyst Ratings Changes

TDG has been the topic of several recent research reports. Citigroup lifted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday. Jefferies Financial Group decreased their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a research report on Tuesday, August 13th. KeyCorp lifted their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. lifted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a "neutral" rating in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. Seven investment 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,464.00.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,944 shares of company stock valued at $23,541,085. Insiders own 4.96% of the company's stock.

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.