ProShare Advisors LLC Has $10.30 Million Position in TransDigm Group Incorporated (NYSE:TDG)

ProShare Advisors LLC boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 14.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,127 shares of the aerospace company’s stock after buying an additional 1,023 shares during the quarter. ProShare Advisors LLC’s holdings in TransDigm Group were worth $10,299,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of TransDigm Group in the 4th quarter valued at $973,353,000. Proficio Capital Partners LLC boosted its stake in TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after buying an additional 729,930 shares in the last quarter. Edgewood Management LLC bought a new position in TransDigm Group in the fourth quarter valued at about $399,595,000. JPMorgan Chase & Co. raised its stake in TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after acquiring an additional 206,822 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Truist Financial lowered their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Wells Fargo & Company increased their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the company an “overweight” rating in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,490.20.

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $28,355,659.64. This trade represents a 20.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 20,000 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the completion of the transaction, the director now directly owns 95,356 shares in the company, valued at $127,796,111.20. This represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 150,485 shares of company stock valued at $208,214,992 over the last quarter. Insiders own 4.09% of the company’s stock.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,422.28 on Friday. The stock’s 50 day moving average is $1,360.42 and its 200 day moving average is $1,324.09. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The firm has a market cap of $79.89 billion, a P/E ratio of 50.17, a P/E/G ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company earned $7.99 EPS. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. Equities analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.