Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 2,000 Shares of TransDigm Group Incorporated (NYSE:TDG)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,987 shares of the aerospace company's stock after selling 2,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in TransDigm Group were worth $8,854,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new stake in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group during the 3rd quarter worth $29,000. Trust Co. of Vermont grew its stake in shares of TransDigm Group by 150.0% during 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 lifted its stake 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 valued at $33,000 after purchasing an additional 18 shares during the period. Finally, Sachetta LLC boosted its holdings in TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TDG shares. Truist Financial lifted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a research report on Monday. Wells Fargo & Company upgraded shares of TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Citigroup raised their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Finally, StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,472.47.

Remove Ads

TransDigm Group Price Performance

NYSE TDG traded up $18.72 on Friday, hitting $1,368.24. 267,159 shares of the company were exchanged, compared to its average volume of 257,419. The company's 50 day moving average price is $1,312.27 and its 200-day moving average price is $1,322.71. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32. The firm has a market capitalization of $76.74 billion, a P/E ratio of 48.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.40.

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

Insider Transactions at TransDigm Group

In related news, Director Robert J. Small sold 38,053 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the transaction, the director now directly owns 567,323 shares of the company's stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the company's 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 sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,762,872. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is owned by insiders.

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.