Public Employees Retirement System of Ohio reduced its position in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,844 shares of the aerospace company’s stock after selling 1,128 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Transdigm Group were worth $27,765,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of TDG. Elyxium Wealth LLC bought a new stake in shares of Transdigm Group in the 4th quarter worth $25,000. Burkett Financial Services LLC acquired a new position in Transdigm Group during the second quarter worth about $25,000. MCF Advisors LLC grew its holdings in Transdigm Group by 900.0% during the fourth quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 18 shares during the period. Transamerica Financial Advisors LLC raised its position in Transdigm Group by 1,900.0% in the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 19 shares in the last quarter. Finally, Colonial Trust Co SC lifted its holdings in Transdigm Group by 162.5% in the 4th quarter. Colonial Trust Co SC now owns 21 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 13 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.
Transdigm Group Stock Down 0.2%
Shares of NYSE:TDG opened at $1,184.14 on Friday. The company’s fifty day moving average is $1,257.95 and its two-hundred day moving average is $1,242.67. The company has a market cap of $66.23 billion, a P/E ratio of 35.93, a price-to-earnings-growth ratio of 1.98 and a beta of 0.91. Transdigm Group Incorporated has a 12-month low of $1,123.61 and a 12-month high of $1,463.03.
Insider Activity
In related news, Director W Nicholas Howley sold 10,132 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $1,216.08, for a total transaction of $12,321,322.56. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at approximately $26,204,091.84. This trade represents a 31.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $1,238.76, for a total transaction of $4,831,164.00. Following the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at $4,459,536. The trade was a 52.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 38,196 shares of company stock worth $48,027,598. Company insiders own 3.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. BMO Capital Markets lifted 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 note on Thursday, July 2nd. BNP Paribas Exane reduced their target price on shares of Transdigm Group from $1,800.00 to $1,750.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. UBS Group upped their price target on Transdigm Group from $1,585.00 to $1,695.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Royal Bank Of Canada cut their price objective on Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut Transdigm Group from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Transdigm Group has an average rating of “Hold” and an average target price of $1,463.71.
Read Our Latest Analysis on Transdigm Group
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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