Worldquant Millennium Advisors LLC Has $6.06 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Worldquant Millennium Advisors LLC trimmed its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 31.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,248 shares of the aerospace company's stock after selling 1,915 shares during the period. Worldquant Millennium Advisors LLC's holdings in TransDigm Group were worth $6,062,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in TransDigm Group by 17.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company's stock valued at $4,980,000 after buying an additional 567 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of TransDigm Group by 26.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company's stock valued at $4,888,000 after acquiring an additional 789 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock valued at $11,658,000 after acquiring an additional 644 shares in the last quarter. Swiss National Bank lifted its stake in TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings 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 worth $530,980,000 after purchasing an additional 8,655 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TDG. Deutsche Bank Aktiengesellschaft raised their price target on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Jefferies Financial Group decreased their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating for the company in a research note on Tuesday, August 13th. StockNews.com cut TransDigm Group from a "buy" rating to a "hold" rating in a research report on Friday. KeyCorp boosted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, Citigroup upped their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,464.00.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at $29,659,098.16. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,944 shares of company stock valued at $23,541,085. Corporate insiders own 4.96% of the company's stock.

TransDigm Group Price Performance

Shares of TransDigm Group stock traded down $13.65 on Friday, hitting $1,279.21. The company had a trading volume of 289,929 shares, compared to its average volume of 338,949. TransDigm Group Incorporated has a 52 week low of $965.69 and a 52 week high of $1,451.32. The company has a market cap of $71.93 billion, a PE ratio of 49.97, a PEG ratio of 2.99 and a beta of 1.39. The business has a 50-day simple moving average of $1,333.48 and a 200-day simple moving average of $1,315.82.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group's previous special dividend of $32.50.

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.