Commerzbank Aktiengesellschaft FI Purchases 90 Shares of TransDigm Group Incorporated (NYSE:TDG)

Commerzbank Aktiengesellschaft FI grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 24.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 457 shares of the aerospace company’s stock after acquiring an additional 90 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in TransDigm Group were worth $653,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its stake in TransDigm Group by 17.0% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after purchasing an additional 567 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of TransDigm Group by 26.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after acquiring an additional 789 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of TransDigm Group by 0.9% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 131,149 shares of the aerospace company’s stock valued at $161,523,000 after acquiring an additional 1,142 shares during the period. BNP Paribas Financial Markets grew its holdings in TransDigm Group by 35.7% in the first quarter. BNP Paribas Financial Markets now owns 70,881 shares of the aerospace company’s stock worth $87,297,000 after purchasing an additional 18,655 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in TransDigm Group by 4.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company’s stock valued at $23,781,000 after purchasing an additional 819 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group reduced their target price 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 stock a “neutral” rating in a research report on Wednesday, August 7th. Wells Fargo & Company cut their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,448.41.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,357.59 on Thursday. The company has a market capitalization of $75.97 billion, a P/E ratio of 53.85, a price-to-earnings-growth ratio of 1.88 and a beta of 1.43. The company’s 50-day moving average is $1,363.90 and its 200 day moving average is $1,306.84. TransDigm Group Incorporated has a fifty-two week low of $811.42 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share for the quarter, beating analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the company earned $6.55 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, research analysts predict that TransDigm Group Incorporated will post 30.71 earnings per share for the current year.

TransDigm Group Increases Dividend

The company also recently announced a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a $75.00 dividend. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insider Buying and Selling at TransDigm Group

In related news, CEO Kevin M. Stein sold 10,000 shares of TransDigm Group stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,019,981.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the business’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 completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,944 shares of company stock worth $35,823,485 over the last ninety days. 4.96% of the stock is currently owned by company insiders.

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.