Kornitzer Capital Management Inc. KS cut its position in Transdigm Group Incorporated (NYSE:TDG – Free Report) by 35.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 932 shares of the aerospace company’s stock after selling 514 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Transdigm Group were worth $1,080,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc raised its holdings in shares of Transdigm Group by 392.9% during the 4th quarter. IFP Advisors Inc now owns 1,592 shares of the aerospace company’s stock worth $2,117,000 after buying an additional 1,269 shares in the last quarter. DNB Asset Management AS boosted its stake in Transdigm Group by 11.6% in the fourth quarter. DNB Asset Management AS now owns 25,824 shares of the aerospace company’s stock valued at $34,342,000 after buying an additional 2,685 shares in the last quarter. HighTower Advisors LLC boosted its stake in Transdigm Group by 8.0% in the fourth quarter. HighTower Advisors LLC now owns 17,230 shares of the aerospace company’s stock valued at $22,914,000 after buying an additional 1,281 shares in the last quarter. CIBC Bancorp USA Inc. bought a new position in Transdigm Group in the third quarter valued at about $10,238,000. Finally, Capital Research Global Investors grew its position in Transdigm Group by 12.2% in the fourth quarter. Capital Research Global Investors now owns 2,476,661 shares of the aerospace company’s stock valued at $3,293,527,000 after acquiring an additional 268,824 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.
Transdigm Group Stock Up 0.0%
Shares of Transdigm Group stock opened at $1,291.76 on Monday. The stock has a market cap of $72.25 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 2.26 and a beta of 0.90. Transdigm Group Incorporated has a twelve month low of $1,123.61 and a twelve month high of $1,623.82. The company’s fifty day moving average is $1,257.11 and its 200 day moving average is $1,277.04.
Insider Activity at Transdigm Group
In related news, COO Joel Reiss sold 3,900 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares of the company’s stock, valued at approximately $4,596,408. This trade represents a 52.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $1,319.55, for a total value of $13,369,680.60. Following the completion of the transaction, the director directly owned 21,548 shares of the company’s stock, valued at $28,433,663.40. The trade was a 31.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 42,096 shares of company stock worth $52,625,524 over the last quarter. 3.20% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Weiss Ratings cut shares of Transdigm Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 2nd. BMO Capital Markets upped their price objective on shares of Transdigm Group from $1,450.00 to $1,525.00 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. 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. Deutsche Bank Aktiengesellschaft raised their target price 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. Finally, BNP Paribas Exane decreased their target price on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,518.25.
Read Our Latest Stock Report on TDG
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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