OneDigital Investment Advisors LLC Lowers Holdings in TransDigm Group Incorporated (NYSE:TDG)

OneDigital Investment Advisors LLC reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 8.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 676 shares of the aerospace company’s stock after selling 62 shares during the period. OneDigital Investment Advisors LLC’s holdings in TransDigm Group were worth $965,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC grew its stake in shares of TransDigm Group by 47.8% during the 1st quarter. Orion Portfolio Solutions LLC now owns 878 shares of the aerospace company’s stock valued at $1,081,000 after buying an additional 284 shares during the period. Covestor Ltd increased its position in shares of TransDigm Group by 279.2% in the first quarter. Covestor Ltd now owns 91 shares of the aerospace company’s stock worth $113,000 after acquiring an additional 67 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of TransDigm Group by 19.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company’s stock worth $3,446,000 after buying an additional 452 shares during the period. Clearbridge Investments LLC acquired a new stake in TransDigm Group in the first quarter valued at approximately $5,699,000. Finally, UniSuper Management Pty Ltd raised its stake in shares of TransDigm Group by 233.2% during the first quarter. UniSuper Management Pty Ltd now owns 1,556 shares of the aerospace company’s stock valued at $1,916,000 after purchasing an additional 1,089 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Down 0.0 %

TransDigm Group stock opened at $1,253.59 on Tuesday. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32. The firm has a market capitalization of $70.49 billion, a price-to-earnings ratio of 48.97, a PEG ratio of 2.22 and a beta of 1.43. The firm has a 50-day moving average price of $1,365.95 and a two-hundred day moving average price of $1,319.51.

TransDigm Group Increases Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were issued a $75.00 dividend. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Wall Street Analysts Forecast Growth

TDG has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. KeyCorp lifted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. UBS Group lowered their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Susquehanna upped their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Finally, Citigroup cut their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,461.82.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock worth $23,541,085 in the last three months. 4.96% of the stock is owned by company insiders.

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.