Parallel Advisors LLC Buys 398 Shares of TransDigm Group Incorporated (NYSE:TDG)

Parallel Advisors LLC lifted its stake in TransDigm Group Incorporated (NYSE:TDG) by 85.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 862 shares of the aerospace company’s stock after purchasing an additional 398 shares during the period. Parallel Advisors LLC’s holdings in TransDigm Group were worth $1,093,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. State Street Corp grew its holdings in TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after acquiring an additional 29,489 shares in the last quarter. Principal Financial Group Inc. grew its holdings in TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. FMR LLC grew its holdings in TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after acquiring an additional 43,604 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after acquiring an additional 19,314 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TDG has been the topic of several recent research reports. Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a report on Monday, February 24th. Citigroup increased their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Truist Financial increased their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

Insiders Place Their Bets

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the transaction, the director now directly owns 95,147 shares of the company’s stock, valued at approximately $127,042,177.34. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,762,872. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 124,594 shares of company stock valued at $165,337,618. 4.09% of the stock is owned by insiders.

TransDigm Group Stock Up 2.1 %

Shares of TransDigm Group stock opened at $1,370.81 on Thursday. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The firm has a market capitalization of $76.88 billion, a P/E ratio of 48.35, a PEG ratio of 2.76 and a beta of 1.38. The company has a 50 day moving average price of $1,331.97 and a 200 day moving average price of $1,327.33.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the firm posted $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

TransDigm Group 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.