AlphaQuest LLC Reduces Holdings in TransDigm Group Incorporated (NYSE:TDG)

AlphaQuest LLC cut its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 88.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 252 shares of the aerospace company's stock after selling 1,865 shares during the period. AlphaQuest LLC's holdings in TransDigm Group were worth $319,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group in the third quarter valued at approximately $29,000. Capital Advisors Ltd. LLC increased its holdings in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after acquiring an additional 16 shares in the last quarter. Trust Co. of Vermont raised its position in TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after acquiring an additional 15 shares during the period. Versant Capital Management Inc raised its position in TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after acquiring an additional 18 shares during the period. Finally, Sachetta LLC lifted 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 purchasing an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently issued reports on TDG. Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Truist Financial lifted their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Wells Fargo & Company raised shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Finally, UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, TransDigm Group has an average rating of "Moderate Buy" and an average target price of $1,472.47.

TransDigm Group Price Performance

Shares of NYSE TDG traded down $17.14 during midday trading on Tuesday, hitting $1,341.80. The company's stock had a trading volume of 192,018 shares, compared to its average volume of 231,169. The firm has a market capitalization of $75.25 billion, a price-to-earnings ratio of 47.33, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The business's fifty day simple moving average is $1,328.43 and its two-hundred day simple moving average is $1,327.24. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate 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 company had revenue of $2.01 billion during the quarter, compared to analysts' expectations of $2.03 billion. During the same quarter last year, the company posted $7.16 EPS. The firm's revenue was up 12.1% compared to the same quarter last year. Analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 124,594 shares of company stock valued at $165,337,618 in the last three months. 4.09% of the stock is owned by corporate 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.