Renaissance Technologies LLC Has $93.40 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Renaissance Technologies LLC decreased its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,700 shares of the aerospace company's stock after selling 1,800 shares during the quarter. Renaissance Technologies LLC owned approximately 0.13% of TransDigm Group worth $93,399,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Resonant Capital Advisors LLC boosted its position in TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after buying an additional 8 shares in the last quarter. Quent Capital LLC grew its position in TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after acquiring an additional 8 shares during the last quarter. Lindbrook Capital LLC increased its holdings in TransDigm Group by 3.6% during the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock valued at $293,000 after purchasing an additional 8 shares in the last quarter. CX Institutional raised its position in TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after purchasing an additional 9 shares during the last quarter. Finally, Western Financial Corp CA boosted its stake in TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock worth $1,902,000 after purchasing an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

TDG has been the topic of a number of research analyst reports. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Tuesday, April 8th. Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. Wells Fargo & Company decreased their price target on TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Susquehanna upped their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group currently has an average rating of "Moderate Buy" and a consensus target price of $1,471.78.

Insider Activity

In related news, Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the transaction, the director now owns 98,185 shares in the company, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at $27,942,799.96. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,594 shares of company stock valued at $140,302,268. 4.09% of the stock is owned by insiders.

TransDigm Group Trading Up 1.0 %

Shares of NYSE TDG traded up $13.60 during midday trading on Monday, reaching $1,326.69. The company's stock had a trading volume of 88,686 shares, compared to its average volume of 272,540. The stock has a 50 day simple moving average of $1,335.18 and a 200-day simple moving average of $1,323.45. The stock has a market capitalization of $74.41 billion, a price-to-earnings ratio of 46.80, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results 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 analyst estimates 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 was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $7.16 EPS. As a group, equities analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

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.