Vident Advisory LLC Raises Stake in TransDigm Group Incorporated (NYSE:TDG)

Vident Advisory LLC grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 17.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,842 shares of the aerospace company’s stock after purchasing an additional 568 shares during the period. Vident Advisory LLC’s holdings in TransDigm Group were worth $4,870,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in TDG. Norges Bank purchased a new stake in shares of TransDigm Group during the 4th quarter worth $973,353,000. Proficio Capital Partners LLC boosted its position in shares of TransDigm Group by 286,247.1% during the 4th quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares in the last quarter. Edgewood Management LLC purchased a new stake in shares of TransDigm Group during the 4th quarter worth $399,595,000. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 10.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after purchasing an additional 185,422 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,846,958.38. This represents a 71.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,300 shares of the company’s stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,758,480. This represents a 47.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,713 shares of company stock valued at $212,068,917. 4.09% of the stock is owned by insiders.

TransDigm Group Trading Down 0.8%

Shares of TDG stock opened at $1,428.97 on Wednesday. The firm has a 50-day moving average price of $1,364.67 and a 200 day moving average price of $1,325.91. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The company has a market capitalization of $80.26 billion, a price-to-earnings ratio of 50.40, a PEG ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the previous year, the company posted $7.99 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday, May 8th. Susquehanna boosted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Truist Financial decreased their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Saturday. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,490.20.

TransDigm Group 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.