TransDigm Group (NYSE:TDG) Downgraded by Deutsche Bank Aktiengesellschaft to Hold

TransDigm Group (NYSE:TDG) was downgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report issued on Thursday,Briefing.com Automated Import reports. They currently have a $1,348.00 price target on the aerospace company’s stock, down from their prior price target of $1,444.00. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 6.37% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their price target 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. Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. KeyCorp lifted their price target 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. Finally, Wells Fargo & Company decreased their target price on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,452.00.

TransDigm Group Stock Down 1.0 %

TransDigm Group stock opened at $1,267.28 on Thursday. TransDigm Group has a 52 week low of $972.08 and a 52 week high of $1,451.32. The company’s 50 day moving average price is $1,290.27 and its two-hundred day moving average price is $1,308.98. The stock has a market cap of $71.26 billion, a P/E ratio of 49.50, a P/E/G ratio of 2.89 and a beta of 1.39.

Insiders Place Their Bets

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,525 shares of company stock worth $88,134,141 in the last ninety days. 4.96% of the stock is currently owned by insiders.

Institutional Trading of TransDigm Group

A number of hedge funds have recently bought and sold shares of TDG. JPMorgan Chase & Co. lifted its holdings in shares of TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in TransDigm Group in the third quarter worth $716,000. Franklin Resources Inc. grew its stake in shares of TransDigm Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company’s stock valued at $290,151,000 after buying an additional 4,442 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of TransDigm Group in the third quarter worth about $618,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of TransDigm Group by 184.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,860 shares of the aerospace company’s stock valued at $9,790,000 after acquiring an additional 4,452 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

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.