TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Capital International Investors

Capital International Investors decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,258,179 shares of the aerospace company’s stock after selling 708 shares during the period. TransDigm Group makes up approximately 1.5% of Capital International Investors’ holdings, making the stock its 11th largest position. Capital International Investors owned approximately 0.11% of TransDigm Group worth $7,931,040,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TDG. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 9.5% in 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 during the period. Triasima Portfolio Management inc. acquired a new stake in shares of TransDigm Group in the 4th quarter valued at approximately $911,000. Chicago Capital LLC raised its position in TransDigm Group by 0.5% in the fourth quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company’s stock worth $65,568,000 after acquiring an additional 261 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of TransDigm Group by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company’s stock worth $10,840,000 after purchasing an additional 385 shares in the last quarter. Finally, DnB Asset Management AS increased its holdings in shares of TransDigm Group by 2.5% in the 4th quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company’s stock valued at $31,204,000 after purchasing an additional 599 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG opened at $1,335.27 on Friday. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The company has a market capitalization of $74.89 billion, a PE ratio of 47.10, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The stock has a fifty day moving average of $1,337.51 and a two-hundred day moving average of $1,322.73.

TransDigm Group (NYSE:TDG) last issued 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. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the company earned $7.16 EPS. As a group, equities research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 3,650 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the transaction, the director now directly owns 15,539 shares in the company, valued at $20,545,510.41. This trade represents a 19.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at $29,010,072.40. This 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 124,594 shares of company stock valued at $167,165,496 over the last quarter. Company insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TDG shares. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Susquehanna lifted their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 2nd. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price objective on the stock in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company cut their target price on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating for the company in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,464.41.

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.