Connor Clark & Lunn Investment Management Ltd. Sells 30,111 Shares of TransDigm Group Incorporated (NYSE:TDG)

Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 54.4% in the 3rd quarter, Holdings Channel reports. The fund owned 25,244 shares of the aerospace company’s stock after selling 30,111 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in TransDigm Group were worth $36,026,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after purchasing an additional 567 shares during the period. Envestnet Portfolio Solutions Inc. boosted its position in TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock worth $4,888,000 after acquiring an additional 789 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of TransDigm Group by 4.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company’s stock worth $23,781,000 after acquiring an additional 819 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of TransDigm Group by 19.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company’s stock worth $3,446,000 after purchasing an additional 452 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in TransDigm Group by 8.6% in 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 in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

TransDigm Group Stock Down 0.1 %

Shares of TransDigm Group stock opened at $1,251.35 on Wednesday. The stock has a market capitalization of $70.36 billion, a price-to-earnings ratio of 48.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32. The company has a 50-day simple moving average of $1,364.76 and a two-hundred day simple moving average of $1,319.21.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a $75.00 dividend. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Analysts Set New Price Targets

TDG has been the subject of a number of recent research reports. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Wells Fargo & Company cut their price objective on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,461.82.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This represents a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock valued at $23,541,085 over the last 90 days. 4.96% of the stock is owned by corporate insiders.

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.