Blue Trust Inc. Cuts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Blue Trust Inc. trimmed its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 59.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 119 shares of the aerospace company’s stock after selling 174 shares during the period. Blue Trust Inc.’s holdings in TransDigm Group were worth $151,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

TDG has been the subject of several research reports. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Truist Financial increased their price objective 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. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, KeyCorp raised their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,462.35.

Insider Transactions at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s 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 transaction of $7,095,925.44. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 118,647 shares of company stock valued at $151,878,163 in the last 90 days. Insiders own 4.09% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG opened at $1,311.47 on Friday. TransDigm Group Incorporated has a 1-year low of $1,136.27 and a 1-year high of $1,451.32. The company has a 50-day moving average of $1,304.65 and a 200 day moving average of $1,319.33. The firm has a market capitalization of $73.55 billion, a price-to-earnings ratio of 46.26, a PEG ratio of 2.73 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the firm posted $7.16 EPS. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, equities analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

TransDigm Group Company 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.