UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 7,947 Shares of TransDigm Group Incorporated (NYSE:TDG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,620 shares of the aerospace company's stock after purchasing an additional 7,947 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.49% of TransDigm Group worth $391,918,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TDG. Darsana Capital Partners LP acquired a new stake in shares of TransDigm Group in the 2nd quarter worth about $210,806,000. International Assets Investment Management LLC increased its holdings in TransDigm Group by 108,517.8% during the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company's stock worth $69,755,000 after purchasing an additional 48,833 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of TransDigm Group by 2,868.8% in the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company's stock worth $60,136,000 after purchasing an additional 48,769 shares during the last quarter. FMR LLC lifted its holdings in shares of TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock valued at $2,740,348,000 after purchasing an additional 43,604 shares in the last quarter. Finally, Citigroup Inc. boosted its position in shares of TransDigm Group by 36.9% during the third quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company's stock valued at $172,506,000 after buying an additional 32,609 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Activity

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

TransDigm Group Trading Up 0.4 %

Shares of TDG stock traded up $5.12 during trading on Friday, reaching $1,254.45. 171,082 shares of the company's stock traded hands, compared to its average volume of 225,741. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32. The company has a market capitalization of $70.54 billion, a P/E ratio of 49.00, a PEG ratio of 2.81 and a beta of 1.43. The firm's 50-day moving average is $1,346.89 and its 200 day moving average is $1,316.40.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a $75.00 dividend. This is a positive change from TransDigm Group's previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group lowered their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Jefferies Financial Group dropped their price target on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a "buy" rating on the stock in a research report on Tuesday, August 13th. Citigroup reduced their price objective on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company dropped their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an "equal weight" rating on the stock in a research report on Wednesday, August 7th. Finally, Northcoast Research started coverage on TransDigm Group in a report on Thursday, August 1st. They issued a "neutral" rating for the company. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,461.82.

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.