Bank of New York Mellon Corp decreased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 0.3% in the first quarter, HoldingsChannel reports. The fund owned 320,707 shares of the aerospace company’s stock after selling 901 shares during the quarter. Bank of New York Mellon Corp’s holdings in Transdigm Group were worth $371,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of TDG. Harel Insurance Investments & Financial Services Ltd. lifted its position in Transdigm Group by 39.4% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,566 shares of the aerospace company’s stock valued at $12,246,000 after purchasing an additional 2,985 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH increased its position in Transdigm Group by 268.7% in the first quarter. MASTERINVEST Kapitalanlage GmbH now owns 778 shares of the aerospace company’s stock worth $902,000 after buying an additional 567 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Transdigm Group by 40.3% in the first quarter. Sigma Planning Corp now owns 223 shares of the aerospace company’s stock worth $259,000 after buying an additional 64 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Transdigm Group by 9.8% in the first quarter. Checchi Capital Advisers LLC now owns 937 shares of the aerospace company’s stock worth $1,085,000 after buying an additional 84 shares during the period. Finally, TFR Capital LLC. lifted its position in shares of Transdigm Group by 1.6% during the 1st quarter. TFR Capital LLC. now owns 885 shares of the aerospace company’s stock valued at $1,026,000 after buying an additional 14 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.
Transdigm Group Price Performance
TDG stock opened at $1,214.45 on Friday. Transdigm Group Incorporated has a 1-year low of $1,123.61 and a 1-year high of $1,623.82. The business has a 50 day simple moving average of $1,258.81 and a two-hundred day simple moving average of $1,274.26. The company has a market capitalization of $67.92 billion, a price-to-earnings ratio of 37.90, a PEG ratio of 2.16 and a beta of 0.90.
Insiders Place Their Bets
In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the business’s stock in a transaction 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 sale, the chief operating officer owned 3,600 shares in the company, valued at $4,596,408. The trade was a 52.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $1,319.55, for a total transaction of $13,369,680.60. Following the transaction, the director directly owned 21,548 shares of the company’s stock, valued at $28,433,663.40. This trade represents a 31.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 38,196 shares of company stock worth $47,631,730. 3.20% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on TDG shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Transdigm Group from $1,306.00 to $1,350.00 and gave the company a “hold” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada lowered their price target on shares of Transdigm Group from $1,400.00 to $1,350.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets upped their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Finally, UBS Group lowered their target price on shares of Transdigm Group from $1,745.00 to $1,645.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Seven equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $1,477.47.
Get Our Latest Research Report on Transdigm Group
About Transdigm Group
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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