TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Cerity Partners LLC

Cerity Partners LLC reduced its position in TransDigm Group Incorporated (NYSE:TDGFree Report) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,072 shares of the aerospace company’s stock after selling 1,197 shares during the quarter. Cerity Partners LLC’s holdings in TransDigm Group were worth $8,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TDG. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Triasima Portfolio Management inc. bought a new stake in TransDigm Group during the fourth quarter valued at $911,000. Chicago Capital LLC raised its holdings in shares of TransDigm Group by 0.5% during the fourth 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. CIBC Asset Management Inc lifted 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. Finally, Pictet Asset Management Holding SA boosted its holdings in shares of TransDigm Group by 3.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 25,574 shares of the aerospace company’s stock valued at $32,409,000 after buying an additional 846 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

TDG opened at $1,309.66 on Friday. The company has a market capitalization of $73.45 billion, a PE ratio of 46.20, a P/E/G ratio of 2.76 and a beta of 1.08. The stock’s fifty day moving average is $1,335.18 and its 200-day moving average is $1,323.99. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDGGet Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the business earned $7.16 earnings per share. TransDigm Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. UBS Group raised 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. Northcoast Research raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a report on Wednesday. Truist Financial boosted their price objective on 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. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,471.78.

Check Out Our Latest Stock Analysis on TDG

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 3,650 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the sale, the director now directly owns 15,539 shares of the company’s stock, valued at approximately $20,545,510.41. This represents a 19.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,594 shares of company stock worth $165,646,468. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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