Private Advisor Group LLC Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Private Advisor Group LLC lifted its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,026 shares of the aerospace company's stock after buying an additional 279 shares during the period. Private Advisor Group LLC's holdings in TransDigm Group were worth $2,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. First Personal Financial Services bought a new position in TransDigm Group in the third quarter worth approximately $29,000. Erste Asset Management GmbH bought a new position in TransDigm Group in the 3rd quarter worth $29,000. Trust Co. of Vermont lifted its position in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc grew its holdings in TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after purchasing an additional 18 shares during the period. Finally, Sachetta LLC increased its position in TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after buying an additional 18 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Truist Financial lifted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price on the stock in a research note on Monday. Finally, Citigroup increased their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,472.47.

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Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $47,519,825.34. Following the sale, the director now owns 567,323 shares of the company's stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,647 shares of company stock valued at $155,847,223 over the last 90 days. Insiders own 4.09% of the company's stock.

TransDigm Group Stock Up 1.4 %

NYSE TDG traded up $18.72 during trading hours on Friday, hitting $1,368.24. 267,159 shares of the company were exchanged, compared to its average volume of 257,410. The stock has a market cap of $76.74 billion, a PE ratio of 48.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The stock has a 50-day moving average price of $1,312.27 and a 200 day moving average price of $1,322.71.

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, 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 during the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the company earned $7.16 earnings per share. TransDigm Group's revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.