Pacer Advisors Inc. Buys 2,009 Shares of TransDigm Group Incorporated (NYSE:TDG)

Pacer Advisors Inc. grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 33.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,971 shares of the aerospace company’s stock after buying an additional 2,009 shares during the quarter. Pacer Advisors Inc.’s holdings in TransDigm Group were worth $10,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its position in TransDigm Group by 20.1% in the fourth quarter. Blue Trust Inc. now owns 352 shares of the aerospace company’s stock worth $446,000 after purchasing an additional 59 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of TransDigm Group by 79.7% in the fourth quarter. PFG Investments LLC now owns 284 shares of the aerospace company’s stock worth $360,000 after buying an additional 126 shares during the last quarter. Cyndeo Wealth Partners LLC increased its holdings in TransDigm Group by 7.7% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 2,260 shares of the aerospace company’s stock valued at $2,863,000 after buying an additional 161 shares during the last quarter. Bennett Selby Investments LP increased its holdings in TransDigm Group by 50.8% during the fourth quarter. Bennett Selby Investments LP now owns 600 shares of the aerospace company’s stock valued at $760,000 after buying an additional 202 shares during the last quarter. Finally, Sachetta LLC raised its position in TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 18 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,525 shares of company stock worth $112,769,801. Company insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,329.82 on Wednesday. The company has a market cap of $74.78 billion, a PE ratio of 51.95, a price-to-earnings-growth ratio of 3.06 and a beta of 1.38. TransDigm Group Incorporated has a 1 year low of $1,070.03 and a 1 year high of $1,451.32. The stock’s 50 day simple moving average is $1,281.79 and its two-hundred day simple moving average is $1,310.26.

Analysts Set New Price Targets

Several research firms have recently commented on TDG. KeyCorp upped their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Wells Fargo & Company dropped their price target on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,455.00.

TransDigm Group Company 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.