PNC Financial Services Group Inc. Boosts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

PNC Financial Services Group Inc. increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 126.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,559 shares of the aerospace company’s stock after purchasing an additional 37,678 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TransDigm Group were worth $85,616,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. Souders Financial Advisors grew its stake in TransDigm Group by 1.0% during the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after purchasing an additional 8 shares in the last quarter. Prosperity Financial Group Inc. lifted 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 valued at $328,000 after buying an additional 8 shares during the last quarter. Resonant Capital Advisors LLC grew its position in TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company’s stock worth $585,000 after purchasing an additional 8 shares during the last quarter. Quent Capital LLC grew its holdings in 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 in the last quarter. Finally, Lindbrook Capital LLC lifted its holdings in TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company’s stock worth $293,000 after purchasing an additional 8 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,762,872. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now owns 21,548 shares in the company, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock worth $155,847,223 over the last 90 days. 4.09% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on TDG. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft downgraded 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 set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Finally, Citigroup upped their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Stock Performance

NYSE TDG opened at $1,339.77 on Friday. The company has a 50-day simple moving average of $1,319.94 and a 200 day simple moving average of $1,326.72. TransDigm Group Incorporated has a 52-week low of $1,136.27 and a 52-week high of $1,451.32. The company has a market capitalization of $75.14 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm earned $7.16 earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.