Ellevest Inc. Decreases Holdings in TransDigm Group Incorporated (NYSE:TDG)

Ellevest Inc. trimmed its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 171 shares of the aerospace company’s stock after selling 13 shares during the period. Ellevest Inc.’s holdings in TransDigm Group were worth $217,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the period. Triasima Portfolio Management inc. purchased a new position in TransDigm Group in the 4th quarter worth approximately $911,000. Chicago Capital LLC increased its stake in TransDigm Group by 0.5% in the 4th quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company’s stock worth $65,568,000 after purchasing an additional 261 shares during the period. Itau Unibanco Holding S.A. increased its stake in TransDigm Group by 89.7% in the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock worth $4,202,000 after purchasing an additional 1,553 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of TransDigm Group by 4.7% in the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company’s stock worth $10,840,000 after buying an additional 385 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,300 shares of the business’s stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,758,480. The trade was a 47.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 49,241 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 174,135 shares of company stock valued at $240,122,586. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Down 0.9%

NYSE TDG opened at $1,372.20 on Monday. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54. The firm has a market capitalization of $77.07 billion, a PE ratio of 48.40, a P/E/G ratio of 2.76 and a beta of 1.09. The stock’s 50 day moving average is $1,353.73 and its 200 day moving average is $1,321.52.

TransDigm Group (NYSE:TDG) last released its quarterly 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 negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the company posted $7.99 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. On average, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analysts Set New Price Targets

TDG has been the topic of a number of recent analyst reports. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company lifted their price objective on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an “overweight” rating in a research report on Thursday. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a research report on Wednesday, April 9th. Truist Financial cut their price objective on 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, UBS Group lifted their price objective on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a “buy” rating in a research report on Wednesday, May 7th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,490.20.

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.