AXQ Capital LP Cuts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

AXQ Capital LP lowered its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 72.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 287 shares of the aerospace company's stock after selling 748 shares during the period. AXQ Capital LP's holdings in TransDigm Group were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of TDG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of TransDigm Group by 3.0% in the 3rd 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 buying an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in TransDigm Group by 2.4% in the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock valued at $530,980,000 after acquiring an additional 8,655 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of TransDigm Group by 7.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company's stock worth $23,295,000 after purchasing an additional 1,086 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of TransDigm Group by 14.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company's stock valued at $9,901,000 after purchasing an additional 888 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

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TransDigm Group Stock Down 0.8 %

Shares of TDG traded down $10.63 during mid-day trading on Thursday, reaching $1,383.41. The company had a trading volume of 165,961 shares, compared to its average volume of 233,257. The stock has a 50 day moving average of $1,341.20 and a two-hundred day moving average of $1,328.69. The stock has a market capitalization of $77.59 billion, a P/E ratio of 48.80, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter last year, the company earned $7.16 EPS. The business's revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Wall Street Analyst Weigh In

TDG has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an "overweight" rating in a research report on Tuesday. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Citigroup lifted their target price on shares of 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. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and cut their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, Truist Financial raised their price target on shares of 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, TransDigm Group currently has an average rating of "Moderate Buy" and an average target price of $1,477.18.

Insider Buying and Selling at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $27,942,799.96. The trade was a 20.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert J. Small sold 3,650 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the transaction, the director now owns 15,539 shares in the company, valued at $20,545,510.41. This represents a 19.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,594 shares of company stock valued at $165,646,468. Corporate insiders own 4.09% of the company's stock.

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.