Deutsche Bank Aktiengesellschaft Downgrades TransDigm Group (NYSE:TDG) to Hold

Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group (NYSE:TDG) from a buy rating to a hold rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $1,348.00 price target on the aerospace company’s stock, down from their prior price target of $1,444.00.

A number of other research analysts have also weighed in on TDG. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Wells Fargo & Company lowered their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Citigroup boosted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, KeyCorp lifted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,452.00.

TransDigm Group Trading Up 1.7 %

NYSE TDG opened at $1,275.56 on Thursday. The stock has a market cap of $71.72 billion, a P/E ratio of 49.83, a P/E/G ratio of 2.89 and a beta of 1.39. TransDigm Group has a 12-month low of $974.05 and a 12-month high of $1,451.32. The company has a fifty day simple moving average of $1,286.86 and a two-hundred day simple moving average of $1,308.30.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 69,525 shares of company stock valued at $88,134,141. 4.96% of the stock is owned by insiders.

Institutional Investors Weigh In On TransDigm Group

A number of hedge funds have recently modified their holdings of TDG. Windacre Partnership LLC grew its stake in shares of TransDigm Group by 42.7% in the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after buying an additional 217,700 shares during the period. JPMorgan Chase & Co. raised its position in TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after purchasing an additional 173,642 shares during the period. Darsana Capital Partners LP purchased a new position in shares of TransDigm Group during the 2nd quarter worth $210,806,000. International Assets Investment Management LLC raised its holdings in TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after buying an additional 48,833 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in TransDigm Group by 2,868.8% in the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock valued at $60,136,000 after buying an additional 48,769 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

About TransDigm Group

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.