TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Q Global Advisors LLC

Q Global Advisors LLC lowered its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 19.9% in the 4th quarter, HoldingsChannel reports. The firm owned 6,176 shares of the aerospace company’s stock after selling 1,530 shares during the period. TransDigm Group makes up approximately 4.8% of Q Global Advisors LLC’s holdings, making the stock its 5th largest holding. Q Global Advisors LLC’s holdings in TransDigm Group were worth $6,248,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in TDG. AE Wealth Management LLC grew its stake in TransDigm Group by 12.5% during the third quarter. AE Wealth Management LLC now owns 315 shares of the aerospace company’s stock worth $266,000 after purchasing an additional 35 shares during the period. Private Trust Co. NA grew its stake in TransDigm Group by 37.0% during the third quarter. Private Trust Co. NA now owns 163 shares of the aerospace company’s stock worth $137,000 after purchasing an additional 44 shares during the period. Cavalier Investments LLC grew its stake in TransDigm Group by 3.6% during the third quarter. Cavalier Investments LLC now owns 4,058 shares of the aerospace company’s stock worth $3,421,000 after purchasing an additional 140 shares during the period. Commonwealth Equity Services LLC boosted its holdings in TransDigm Group by 9.8% in the third quarter. Commonwealth Equity Services LLC now owns 1,133 shares of the aerospace company’s stock worth $956,000 after acquiring an additional 101 shares in the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in TransDigm Group by 12.3% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 11,829 shares of the aerospace company’s stock worth $9,973,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,140.48, for a total transaction of $3,421,440.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,105,728. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $1,140.48, for a total value of $3,421,440.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,105,728. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael Graff sold 3,460 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total value of $3,834,268.20. Following the completion of the sale, the director now directly owns 4,879 shares of the company’s stock, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Insiders sold a total of 59,087 shares of company stock valued at $69,840,358 over the last 90 days. Insiders own 4.96% of the company’s stock.

TransDigm Group Trading Up 0.2 %

Shares of NYSE TDG traded up $2.57 during mid-day trading on Friday, hitting $1,259.15. The company had a trading volume of 140,898 shares, compared to its average volume of 175,670. The company has a market capitalization of $70.02 billion, a price-to-earnings ratio of 53.44, a P/E/G ratio of 2.56 and a beta of 1.42. TransDigm Group Incorporated has a 1 year low of $745.65 and a 1 year high of $1,269.51. The stock’s 50-day moving average price is $1,203.04 and its 200-day moving average price is $1,060.05.

TransDigm Group (NYSE:TDG) last posted its earnings results on Thursday, February 8th. The aerospace company reported $7.16 EPS for the quarter, topping the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period in the previous year, the business earned $4.15 earnings per share. The firm’s revenue was up 28.1% on a year-over-year basis. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 29.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TDG. Citigroup increased their price target on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Royal Bank of Canada increased their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Truist Financial increased their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Susquehanna increased their price target on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Finally, The Goldman Sachs Group increased their price target on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,170.27.

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.