EULAV Asset Management Sells 2,400 Shares of TransDigm Group Incorporated (NYSE:TDG)

EULAV Asset Management cut its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,057 shares of the aerospace company's stock after selling 2,400 shares during the quarter. TransDigm Group accounts for 3.2% of EULAV Asset Management's portfolio, making the stock its 2nd biggest holding. EULAV Asset Management owned approximately 0.19% of TransDigm Group worth $133,137,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc boosted its position in shares of TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock valued at $11,658,000 after acquiring an additional 644 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in TransDigm Group by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock worth $391,918,000 after purchasing an additional 7,947 shares during the period. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after purchasing an additional 173,642 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock worth $530,980,000 after buying an additional 8,655 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after buying an additional 1,400 shares during the period. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Price Performance

Shares of NYSE TDG traded up $27.61 during mid-day trading on Tuesday, hitting $1,362.91. The company's stock had a trading volume of 262,933 shares, compared to its average volume of 261,223. TransDigm Group Incorporated has a one year low of $1,100.86 and a one year high of $1,451.32. The company's fifty day simple moving average is $1,296.16 and its 200-day simple moving average is $1,315.82. The stock has a market cap of $76.43 billion, a price-to-earnings ratio of 48.07, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's revenue for the quarter was up 12.1% on a year-over-year basis. During the same period last year, the firm earned $7.16 earnings per share. On average, sell-side analysts predict that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,892,616. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,525 shares of company stock worth $112,769,801. 4.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TDG has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on 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. Truist Financial increased their target price on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Citigroup boosted their price target 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, December 5th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Finally, Barclays reissued an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,462.35.

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.