Clearbridge Investments LLC decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 211,880 shares of the aerospace company’s stock after selling 2,757 shares during the period. Clearbridge Investments LLC owned approximately 0.41% of TransDigm Group worth $58,186,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of TransDigm Group by 43.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 158 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of TransDigm Group by 540.5% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock valued at $148,000 after purchasing an additional 454 shares in the last quarter. Neville Rodie & Shaw Inc. bought a new stake in shares of TransDigm Group during the 4th quarter valued at about $205,000. Alps Advisors Inc. bought a new stake in TransDigm Group during the fourth quarter worth about $205,000. Finally, Trexquant Investment LP bought a new stake in TransDigm Group during the third quarter worth about $209,000.
TransDigm Group Incorporated (NYSE TDG) opened at $289.51 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 2.76 and a debt-to-equity ratio of -4.38. The stock has a market cap of $15,032.54, a PE ratio of 24.22, a price-to-earnings-growth ratio of 1.47 and a beta of 0.85. TransDigm Group Incorporated has a twelve month low of $203.72 and a twelve month high of $321.38.
Several equities research analysts recently commented on TDG shares. Zacks Investment Research raised shares of TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 price objective on the stock in a research note on Monday, February 12th. JPMorgan Chase & Co. lowered shares of TransDigm Group from a “neutral” rating to an “underweight” rating in a research note on Tuesday, December 12th. Royal Bank of Canada set a $346.00 price objective on shares of TransDigm Group and gave the stock a “buy” rating in a research note on Thursday, November 16th. Morgan Stanley reissued an “equal weight” rating and set a $306.00 price objective (up previously from $290.00) on shares of TransDigm Group in a research note on Friday, February 23rd. Finally, Bank of America boosted their price objective on shares of TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $312.65.
In other TransDigm Group news, Director Raymond F. Laubenthal sold 6,000 shares of TransDigm Group stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $277.48, for a total value of $1,664,880.00. Following the completion of the transaction, the director now directly owns 75,818 shares of the company’s stock, valued at $21,037,978.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raymond F. Laubenthal sold 11,900 shares of TransDigm Group stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the completion of the transaction, the director now directly owns 81,718 shares of the company’s stock, valued at $24,177,904.66. The disclosure for this sale can be found here. Insiders sold 45,244 shares of company stock valued at $13,178,555 over the last ninety days. Corporate insiders own 11.45% of the company’s stock.
TransDigm Group Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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