Catalyst Capital Advisors LLC Trims Stake in TransDigm Group Incorporated (NYSE:TDG)

Catalyst Capital Advisors LLC reduced its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,381 shares of the aerospace company’s stock after selling 75 shares during the period. Catalyst Capital Advisors LLC’s holdings in TransDigm Group were worth $4,285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TDG. Souders Financial Advisors raised its position in shares of TransDigm Group by 1.0% in the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after acquiring an additional 8 shares in the last quarter. Prosperity Financial Group Inc. grew its stake in TransDigm Group by 3.6% in the third quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 8 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock valued at $585,000 after buying an additional 8 shares in the last quarter. Quent Capital LLC grew its position in shares of TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company’s stock worth $167,000 after buying an additional 8 shares during the period. Finally, CX Institutional increased its stake in shares of TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company’s stock worth $222,000 after acquiring an additional 9 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of TDG opened at $1,315.29 on Monday. TransDigm Group Incorporated has a one year low of $1,136.27 and a one year high of $1,451.32. The business has a fifty day moving average of $1,300.84 and a 200 day moving average of $1,318.04. The firm has a market capitalization of $73.76 billion, a P/E ratio of 46.39, a PEG ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.16 EPS. Analysts expect that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $11,046,584.64. This trade represents a 71.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 109,525 shares of company stock worth $139,851,401. Company insiders own 4.09% of the company’s stock.

Analyst Ratings Changes

TDG has been the topic of a number of recent research reports. Barclays restated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. KeyCorp raised their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Truist Financial boosted their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,462.35.

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.