Cerity Partners LLC Has $8.13 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Cerity Partners LLC reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 16.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,072 shares of the aerospace company's stock after selling 1,197 shares during the period. Cerity Partners LLC's holdings in TransDigm Group were worth $8,132,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TDG. FMR LLC raised its stake in TransDigm Group by 0.3% during the fourth quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after acquiring an additional 5,414 shares during the period. Unigestion Holding SA lifted its stake in TransDigm Group by 8.3% in the fourth quarter. Unigestion Holding SA now owns 1,120 shares of the aerospace company's stock valued at $1,419,000 after buying an additional 86 shares during the last quarter. Federated Hermes Inc. grew its position in shares of TransDigm Group by 8.9% during the fourth quarter. Federated Hermes Inc. now owns 42,070 shares of the aerospace company's stock worth $53,315,000 after acquiring an additional 3,431 shares during the last quarter. Edgewood Management LLC bought a new position in TransDigm Group in the 4th quarter worth about $399,595,000. Finally, Russell Investments Group Ltd. raised its stake in TransDigm Group by 2.0% during the 4th quarter. Russell Investments Group Ltd. now owns 66,863 shares of the aerospace company's stock valued at $84,744,000 after acquiring an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Truist Financial upped their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Wells Fargo & Company lowered their price target on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a report on Tuesday. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,469.83.

TransDigm Group Stock Performance

TransDigm Group stock traded up $22.97 during trading hours on Tuesday, reaching $1,360.10. 575,480 shares of the company's stock traded hands, compared to its average volume of 252,359. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The firm's 50 day moving average is $1,336.02 and its 200-day moving average is $1,322.97. The firm has a market capitalization of $76.28 billion, a price-to-earnings ratio of 47.98, a PEG ratio of 2.76 and a beta of 1.08.

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

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. This represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the chief executive officer now directly 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 disclosure for this sale can be found here. In the last three months, insiders sold 104,594 shares of company stock worth $140,302,268. 4.09% of the stock is owned by company insiders.

About TransDigm Group

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.