TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,499 shares of the aerospace company's stock after acquiring an additional 327 shares during the period. Bank of Nova Scotia's holdings in TransDigm Group were worth $18,374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in TransDigm Group by 9.5% during the third 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. Nomura Asset Management Co. Ltd. lifted its holdings in shares of TransDigm Group by 7.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company's stock valued at $23,295,000 after buying an additional 1,086 shares during the period. Unigestion Holding SA acquired a new position in shares of TransDigm Group in the 3rd quarter valued at about $1,476,000. Triasima Portfolio Management inc. acquired a new stake in TransDigm Group during the fourth quarter worth about $911,000. Finally, Chicago Capital LLC raised its position in TransDigm Group by 0.5% during the fourth quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock valued at $65,568,000 after acquiring an additional 261 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 directly owns 8,158 shares in the company, valued at $11,046,584.64. This trade represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,594 shares of company stock worth $140,302,268. Company insiders own 4.09% of the company's stock.

TransDigm Group Trading Up 1.8 %

NYSE:TDG traded up $23.87 during trading hours on Tuesday, hitting $1,361.00. The company had a trading volume of 147,993 shares, compared to its average volume of 273,986. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The company has a 50-day moving average of $1,336.02 and a 200 day moving average of $1,322.97. The company has a market cap of $76.33 billion, a P/E ratio of 48.01, a P/E/G ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last issued 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 net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm earned $7.16 earnings per share. TransDigm Group's quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TDG shares. Wells Fargo & Company lowered their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th. Truist Financial lifted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, Susquehanna increased their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,469.83.

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.