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Robeco Institutional Asset Management B.V. Boosts Position in TransDigm Group Incorporated (NYSE:TDG)

TransDigm Group logo with Aerospace background

Robeco Institutional Asset Management B.V. boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 54.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,709 shares of the aerospace company's stock after acquiring an additional 4,121 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in TransDigm Group were worth $16,710,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock valued at $4,980,000 after purchasing an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company's stock valued at $4,888,000 after acquiring an additional 789 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of TransDigm Group by 4.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company's stock worth $23,781,000 after purchasing an additional 819 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in TransDigm Group by 19.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company's stock worth $3,446,000 after acquiring an additional 452 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in TransDigm Group by 90.5% during the 1st quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company's stock valued at $4,945,000 after acquiring an additional 1,907 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Down 3.7 %

NYSE TDG traded down $51.39 during trading hours on Thursday, hitting $1,331.21. 380,838 shares of the company were exchanged, compared to its average volume of 216,008. The company has a 50 day moving average of $1,369.27 and a two-hundred day moving average of $1,315.00. The firm has a market cap of $74.70 billion, a price-to-earnings ratio of 51.08, a PEG ratio of 1.79 and a beta of 1.43. TransDigm Group Incorporated has a 52-week low of $886.76 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the firm earned $6.55 earnings per share. The firm's quarterly revenue was up 17.3% on a year-over-year basis. On average, equities research analysts predict that TransDigm Group Incorporated will post 30.71 EPS for the current year.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is a positive change from TransDigm Group's previous special dividend of $32.50.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TDG shares. KeyCorp boosted 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. Northcoast Research began coverage on TransDigm Group in a research note on Thursday, August 1st. They issued a "neutral" rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on 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. Morgan Stanley upped their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 7th. Finally, StockNews.com lowered shares of TransDigm Group from a "buy" rating to a "hold" rating in a report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group currently has an average rating of "Moderate Buy" and a consensus price target of $1,461.82.

View Our Latest Analysis on TransDigm Group

Insiders Place Their Bets

In related news, 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 completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, September 16th. The shares were 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 in the company, valued at $4,953,204. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction 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 transaction, the director now owns 21,548 shares of the company's stock, valued at $30,228,611.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,944 shares of company stock valued at $35,823,485 in the last ninety days. Insiders own 4.96% of the company's stock.

About TransDigm Group

(Free Report)

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.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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