Sei Investments Co. Sells 4,692 Shares of TransDigm Group Incorporated (NYSE:TDG)

Sei Investments Co. lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,270 shares of the aerospace company's stock after selling 4,692 shares during the period. Sei Investments Co.'s holdings in TransDigm Group were worth $32,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prospera Financial Services Inc bought a new stake in shares of TransDigm Group in the 3rd quarter worth approximately $207,000. Cerity Partners LLC raised its stake in TransDigm Group by 39.1% during the third quarter. Cerity Partners LLC now owns 7,269 shares of the aerospace company's stock valued at $10,373,000 after buying an additional 2,043 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in TransDigm Group by 14.7% in the third quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company's stock worth $9,901,000 after acquiring an additional 888 shares in the last quarter. DRW Securities LLC purchased a new stake in shares of TransDigm Group in the third quarter worth $701,000. Finally, Dai ichi Life Insurance Company Ltd increased its holdings in shares of TransDigm Group by 18.2% during the third quarter. Dai ichi Life Insurance Company Ltd now owns 10,605 shares of the aerospace company's stock valued at $15,135,000 after acquiring an additional 1,631 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

TDG has been the topic of a number of analyst reports. Wells Fargo & Company upped their price target on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an "overweight" rating in a research note on Tuesday. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a report on Monday, February 24th. Barclays reissued an "equal weight" rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and cut their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Truist Financial lifted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, TransDigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,477.18.

TransDigm Group Stock Down 0.5 %

TDG traded down $7.04 during trading on Friday, hitting $1,377.22. The company's stock had a trading volume of 272,911 shares, compared to its average volume of 242,075. The business's 50 day simple moving average is $1,343.19 and its 200-day simple moving average is $1,329.72. The firm has a market cap of $77.24 billion, a PE ratio of 48.58, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts' consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period last year, the firm earned $7.16 EPS. TransDigm Group's revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm'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 transaction of $7,095,925.44. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 40,000 shares of the stock in a transaction on 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 sale, the director now directly owns 98,185 shares of the company's stock, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 124,594 shares of company stock valued at $165,646,468 in the last ninety days. Corporate insiders own 4.09% 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.