UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 67,151 Shares of TransDigm Group Incorporated (NYSE:TDG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 24.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 341,771 shares of the aerospace company’s stock after buying an additional 67,151 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TransDigm Group were worth $433,120,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. Triasima Portfolio Management inc. bought a new position in shares of TransDigm Group during the 4th quarter valued at $911,000. Chicago Capital LLC grew its holdings in shares of TransDigm Group by 0.5% during the 4th quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company’s stock valued at $65,568,000 after purchasing an additional 261 shares during the last quarter. Itau Unibanco Holding S.A. grew its holdings in shares of TransDigm Group by 89.7% during the 4th quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company’s stock valued at $4,202,000 after purchasing an additional 1,553 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings 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 valued at $10,840,000 after purchasing an additional 385 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,762,872. This trade represents a 45.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sean P. Hennessy sold 4,700 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the completion of the sale, the director now directly owns 33,713 shares of the company’s stock, valued at approximately $48,429,398.76. This represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 152,713 shares of company stock valued at $212,068,917. Company insiders own 4.09% of the company’s stock.

TransDigm Group Stock Down 0.8%

Shares of TDG opened at $1,428.97 on Wednesday. The stock has a market capitalization of $80.26 billion, a P/E ratio of 50.40, a PEG ratio of 2.76 and a beta of 1.09. The firm has a fifty day simple moving average of $1,364.67 and a two-hundred day simple moving average of $1,325.91. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,488.54.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period last year, the company posted $7.99 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on TDG. Northcoast Research raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Saturday. Susquehanna increased their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a report on Wednesday, April 2nd. Truist Financial reduced their target price on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, UBS Group increased their target price on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a “buy” rating in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,490.20.

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.