Envestnet Asset Management Inc. Acquires 3,311 Shares of TransDigm Group Incorporated (NYSE:TDG)

Envestnet Asset Management Inc. raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 4.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 74,630 shares of the aerospace company's stock after acquiring an additional 3,311 shares during the period. Envestnet Asset Management Inc. owned approximately 0.13% of TransDigm Group worth $94,577,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TDG. Capital Advisors Ltd. LLC increased its position in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 16 shares during the last quarter. Trust Co. of Vermont lifted its stake in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after purchasing an additional 15 shares during the period. Versant Capital Management Inc boosted its holdings in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares during the last quarter. Meeder Asset Management Inc. grew its position in TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after buying an additional 21 shares during the period. Finally, Sachetta LLC increased its holdings in TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

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Insider Activity

In other news, Director Robert J. Small sold 3,650 shares of TransDigm Group stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the sale, the director now owns 15,539 shares of the company's stock, valued at approximately $20,545,510.41. The trade was a 19.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on 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 directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,594 shares of company stock valued at $140,302,268. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Stock Up 1.5 %

NYSE:TDG traded up $20.20 during mid-day trading on Monday, hitting $1,333.29. 56,927 shares of the stock traded hands, compared to its average volume of 272,269. The stock has a market capitalization of $74.78 billion, a price-to-earnings ratio of 47.03, a PEG ratio of 2.76 and a beta of 1.08. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The firm's 50 day moving average is $1,335.18 and its two-hundred day moving average is $1,323.45.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the prior year, the business posted $7.16 earnings per share. The company's revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Analyst Ratings Changes

TDG has been the subject of a number of recent research reports. Susquehanna boosted their price objective on TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company decreased their price objective on shares of TransDigm Group from $1,580.00 to $1,410.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays restated an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Finally, StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research note on Tuesday, April 8th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, TransDigm Group has an average rating of "Moderate Buy" and an average price target of $1,471.78.

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.