Canada Pension Plan Investment Board Boosts Holdings in TransDigm Group Incorporated (NYSE:TDG)

Canada Pension Plan Investment Board increased its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,725 shares of the aerospace company's stock after purchasing an additional 8,979 shares during the period. Canada Pension Plan Investment Board owned approximately 0.27% of TransDigm Group worth $193,545,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its stake in shares of TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after buying an additional 16 shares in the last quarter. Trust Co. of Vermont raised its holdings in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after acquiring an additional 15 shares during the last quarter. Versant Capital Management Inc lifted its position in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after acquiring an additional 18 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after purchasing an additional 21 shares during the last quarter. Finally, Sachetta LLC increased its holdings in TransDigm Group by 105.9% during the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after purchasing an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Activity at TransDigm Group

In related news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $11,046,584.64. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the transaction, the director now directly owns 21,548 shares of the company's stock, valued at $28,355,659.64. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 124,594 shares of company stock valued at $167,165,496. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

TransDigm Group stock traded down $1.03 during mid-day trading on Friday, reaching $1,335.27. The company's stock had a trading volume of 224,372 shares, compared to its average volume of 253,895. The company has a market capitalization of $74.89 billion, a P/E ratio of 47.10, a PEG ratio of 2.76 and a beta of 1.08. The firm's fifty day moving average price is $1,336.96 and its two-hundred day moving average price is $1,321.21. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $2.03 billion. During the same period in the previous year, the business earned $7.16 earnings per share. The firm's quarterly revenue was up 12.1% compared to the same quarter last year. On average, research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a report on Tuesday. Truist Financial decreased their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research note on Wednesday, April 9th. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a research report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft cut TransDigm Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,464.41.

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.