Whitnell & Co. Acquires New Position in TransDigm Group Incorporated (NYSE:TDG)

Whitnell & Co. acquired a new stake in TransDigm Group Incorporated (NYSE:TDG) during the third quarter, Holdings Channel.com reports. The fund acquired 987 shares of the aerospace company’s stock, valued at approximately $514,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TDG. Marshall Wace LLP purchased a new stake in shares of TransDigm Group in the 1st quarter worth about $47,000. WINTON GROUP Ltd lifted its position in shares of TransDigm Group by 30.7% in the 2nd quarter. WINTON GROUP Ltd now owns 3,507 shares of the aerospace company’s stock worth $1,697,000 after purchasing an additional 823 shares during the period. Retirement Systems of Alabama lifted its position in shares of TransDigm Group by 164.3% in the 2nd quarter. Retirement Systems of Alabama now owns 59,886 shares of the aerospace company’s stock worth $28,973,000 after purchasing an additional 37,225 shares during the period. Campbell & CO Investment Adviser LLC lifted its position in shares of TransDigm Group by 10.2% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 1,091 shares of the aerospace company’s stock worth $528,000 after purchasing an additional 101 shares during the period. Finally, Chicago Capital LLC lifted its position in shares of TransDigm Group by 53.3% in the 2nd quarter. Chicago Capital LLC now owns 2,300 shares of the aerospace company’s stock worth $1,113,000 after purchasing an additional 800 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

TDG has been the subject of several research analyst reports. Barclays set a $610.00 target price on shares of TransDigm Group and gave the stock a “buy” rating in a research report on Friday, August 9th. ValuEngine cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley dropped their target price on shares of TransDigm Group from $570.00 to $560.00 and set an “equal weight” rating for the company in a research report on Thursday, October 10th. UBS Group raised their target price on shares of TransDigm Group to $605.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Credit Suisse Group raised their target price on shares of TransDigm Group from $582.66 to $584.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $558.82.

NYSE TDG traded up $2.78 during trading hours on Friday, reaching $541.08. 193,392 shares of the company’s stock traded hands, compared to its average volume of 325,280. TransDigm Group Incorporated has a 52-week low of $311.46 and a 52-week high of $555.27. The firm has a market cap of $28.58 billion, a PE ratio of 31.85, a PEG ratio of 2.26 and a beta of 0.95. The firm has a 50-day simple moving average of $523.78 and a 200 day simple moving average of $499.79.

In related news, insider Bernt G. Iversen II sold 8,333 shares of TransDigm Group stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $536.99, for a total transaction of $4,474,737.67. Following the completion of the transaction, the insider now directly owns 12,643 shares of the company’s stock, valued at approximately $6,789,164.57. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 9,900 shares of TransDigm Group stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $520.19, for a total transaction of $5,149,881.00. Following the transaction, the chief executive officer now directly owns 10,922 shares of the company’s stock, valued at $5,681,515.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 298,083 shares of company stock valued at $158,068,182. 11.89% of the stock is currently owned by corporate insiders.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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