Pacer Advisors Inc. trimmed its position in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 18.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,484 shares of the aerospace company’s stock after selling 1,024 shares during the quarter. Pacer Advisors Inc.’s holdings in Transdigm Group were worth $5,963,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Ares Financial Consulting LLC acquired a new position in shares of Transdigm Group during the 4th quarter worth $25,000. Elyxium Wealth LLC purchased a new position in Transdigm Group during the 4th quarter valued at about $25,000. MCF Advisors LLC increased its holdings in Transdigm Group by 900.0% during the 4th quarter. MCF Advisors LLC now owns 20 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 18 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in Transdigm Group by 1,900.0% during the fourth quarter. Transamerica Financial Advisors LLC now owns 20 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 19 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in Transdigm Group by 162.5% during the fourth quarter. Colonial Trust Co SC now owns 21 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 13 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.
Transdigm Group Price Performance
Transdigm Group stock opened at $1,293.87 on Tuesday. The stock has a market capitalization of $72.37 billion, a P/E ratio of 40.38, a P/E/G ratio of 2.31 and a beta of 0.91. Transdigm Group Incorporated has a 12-month low of $1,123.61 and a 12-month high of $1,623.82. The firm’s 50-day moving average is $1,226.02 and its two-hundred day moving average is $1,275.53.
Wall Street Analysts Forecast Growth
TDG has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Transdigm Group from $1,440.00 to $1,450.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Transdigm Group from $1,306.00 to $1,350.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. UBS Group reduced their target price on 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. Morgan Stanley increased their target price on Transdigm Group from $1,660.00 to $1,680.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Susquehanna dropped their price target on Transdigm Group from $1,400.00 to $1,350.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Nine research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,513.56.
View Our Latest Stock Analysis on TDG
Insider Buying and Selling at Transdigm Group
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 stock was sold at an average price of $1,276.78, for a total value of $4,979,442.00. Following the completion of the transaction, the chief operating officer directly owned 3,600 shares in the company, valued at approximately $4,596,408. The trade was a 52.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 10,132 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $1,265.06, for a total value of $12,817,587.92. Following the transaction, the director directly owned 21,548 shares in the company, valued at approximately $27,259,512.88. This represents a 31.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 42,096 shares of company stock valued at $52,625,524 over the last quarter. 3.20% of the stock is currently owned by insiders.
Transdigm Group Company Profile
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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