Investidor Profissional Gestao de Recursos Ltda. lowered its holdings in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,220 shares of the aerospace company’s stock after selling 614 shares during the quarter. Transdigm Group accounts for 9.0% of Investidor Profissional Gestao de Recursos Ltda.’s holdings, making the stock its 3rd biggest position. Investidor Profissional Gestao de Recursos Ltda.’s holdings in Transdigm Group were worth $14,921,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TDG. Ares Financial Consulting LLC acquired a new stake in shares of Transdigm Group in the fourth quarter worth $25,000. Elevation Wealth Partners LLC increased its stake in shares of Transdigm Group by 1,100.0% in the fourth quarter. Elevation Wealth Partners LLC now owns 24 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 22 shares during the period. Wealth Watch Advisors INC acquired a new stake in shares of Transdigm Group in the third quarter worth $34,000. Central Pacific Bank Trust Division increased its stake in shares of Transdigm Group by 44.4% in the fourth quarter. Central Pacific Bank Trust Division now owns 26 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 8 shares during the period. Finally, JFS Wealth Advisors LLC increased its stake in shares of Transdigm Group by 55.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 28 shares of the aerospace company’s stock worth $37,000 after acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.
Transdigm Group Stock Down 2.6%
TDG opened at $1,148.68 on Friday. The company has a market cap of $64.25 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 2.01 and a beta of 0.90. Transdigm Group Incorporated has a 52-week low of $1,123.61 and a 52-week high of $1,623.82. The firm’s fifty day simple moving average is $1,203.13 and its two-hundred day simple moving average is $1,290.09.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on TDG. Jefferies Financial Group increased their price objective on shares of Transdigm Group from $1,565.00 to $1,575.00 in a research note on Monday, May 11th. Susquehanna lowered their price target on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating on the stock in a report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a research report on Wednesday, May 6th. BMO Capital Markets dropped their price target on shares of Transdigm Group from $1,550.00 to $1,450.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 31st. Finally, UBS Group dropped their price target on shares of Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,524.18.
Check Out Our Latest Research Report on Transdigm Group
Insider Buying and Selling at Transdigm Group
In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $1,280.46, for a total transaction of $4,993,794.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at $4,609,656. This trade represents a 52.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 10,168 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $1,307.68, for a total transaction of $13,296,490.24. Following the transaction, the director directly owned 21,548 shares in the company, valued at approximately $28,177,888.64. The trade was a 32.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 38,232 shares of company stock worth $48,248,925. Insiders own 3.20% of the company’s stock.
Transdigm Group Company Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
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