TransDigm Group Incorporated (NYSE:TDG) Position Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 7.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,676 shares of the aerospace company's stock after purchasing an additional 2,772 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.07% of TransDigm Group worth $49,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc lifted its holdings in TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company's stock worth $11,658,000 after buying an additional 644 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in TransDigm Group by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company's stock worth $391,918,000 after buying an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company's stock worth $530,980,000 after buying an additional 8,655 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after buying an additional 173,642 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company's stock worth $237,046,000 after buying an additional 1,400 shares during the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

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TransDigm Group Trading Down 0.1 %

Shares of TransDigm Group stock traded down $0.95 during trading hours on Wednesday, reaching $1,318.92. 162,639 shares of the company's stock were exchanged, compared to its average volume of 256,494. TransDigm Group Incorporated has a 52-week low of $1,163.82 and a 52-week high of $1,451.32. The firm has a market capitalization of $73.97 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The company has a fifty day moving average of $1,322.16 and a 200-day moving average of $1,327.00.

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 analysts' consensus estimates 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 analyst estimates of $2.03 billion. During the same quarter in the prior year, the company posted $7.16 EPS. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,762,872. This represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 40,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the sale, the director now owns 98,185 shares of the company's stock, valued at $132,138,354.85. This represents a 28.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 181,647 shares of company stock worth $236,483,623 in the last ninety days. Insiders own 4.09% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TDG shares. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Citigroup boosted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Truist Financial boosted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Barclays restated an "equal weight" rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group has an average rating of "Moderate Buy" and an average target price of $1,472.47.

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.