GAMMA Investing LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG – Free Report) by 18.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 699 shares of the aerospace company’s stock after buying an additional 107 shares during the quarter. GAMMA Investing LLC’s holdings in TransDigm Group were worth $886,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. First Personal Financial Services acquired a new position in TransDigm Group in the 3rd quarter worth $29,000. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group during the third quarter worth about $29,000. Versant Capital Management Inc grew its holdings in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares in the last quarter. Meeder Asset Management Inc. raised its position in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares during the last quarter. Finally, DT Investment Partners LLC lifted its stake in TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on TDG shares. Wells Fargo & Company lowered their price objective on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday. JPMorgan Chase & Co. boosted their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, KeyCorp increased their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,452.00.
TransDigm Group Stock Up 1.7 %
TransDigm Group stock opened at $1,275.56 on Friday. TransDigm Group Incorporated has a twelve month low of $974.05 and a twelve month high of $1,451.32. The stock has a market cap of $71.72 billion, a P/E ratio of 49.83, a P/E/G ratio of 2.89 and a beta of 1.39. The company’s 50-day moving average price is $1,286.86 and its two-hundred day moving average price is $1,308.30.
Insider Transactions at TransDigm Group
In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,525 shares of company stock worth $88,134,141. Company insiders own 4.96% of the company’s stock.
About TransDigm Group
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.
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