TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 6.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 98,212 shares of the aerospace company's stock after selling 7,177 shares during the quarter. Hsbc Holdings PLC owned about 0.18% of TransDigm Group worth $124,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC lifted its stake in shares of TransDigm Group by 5.0% during the third quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company's stock valued at $1,309,000 after buying an additional 44 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of TransDigm Group during the 3rd quarter worth $618,000. Franklin Resources Inc. boosted its holdings in shares of TransDigm Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company's stock worth $290,151,000 after purchasing an additional 4,442 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of TransDigm Group in the third quarter valued at $716,000. Finally, JPMorgan Chase & Co. increased its stake 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 valued at $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on TDG. Wells Fargo & Company lowered their price target on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Truist Financial dropped their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a research note on Wednesday, April 9th. Barclays reaffirmed an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,464.41.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,762,872. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the company'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 value of $27,081,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,894 shares of company stock valued at $167,450,256 in the last ninety days. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,306.30 on Wednesday. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The business has a 50-day moving average of $1,335.41 and a 200-day moving average of $1,320.09. The company has a market capitalization of $73.26 billion, a PE ratio of 46.08, a P/E/G ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $7.16 EPS. On average, equities analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

TransDigm Group Company 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.

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