TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Baskin Financial Services Inc.

Baskin Financial Services Inc. increased its position in TransDigm Group Incorporated (NYSE:TDG) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,358 shares of the aerospace company’s stock after buying an additional 1,054 shares during the quarter. TransDigm Group comprises approximately 2.3% of Baskin Financial Services Inc.’s holdings, making the stock its 23rd largest position. Baskin Financial Services Inc.’s holdings in TransDigm Group were worth $28,334,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Truist Financial Corp raised its holdings in shares of TransDigm Group by 17.8% in the 2nd quarter. Truist Financial Corp now owns 8,434 shares of the aerospace company’s stock worth $10,776,000 after purchasing an additional 1,272 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of TransDigm Group by 17.0% in the second quarter. Cetera Investment Advisers now owns 4,697 shares of the aerospace company’s stock valued at $6,001,000 after buying an additional 682 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of TransDigm Group by 2.4% during the 2nd quarter. Clearbridge Investments LLC now owns 4,738 shares of the aerospace company’s stock valued at $6,053,000 after acquiring an additional 111 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of TransDigm Group during the 2nd quarter worth $3,032,000. Finally, Czech National Bank grew its holdings in shares of TransDigm Group by 7.2% in the 3rd quarter. Czech National Bank now owns 11,430 shares of the aerospace company’s stock worth $16,312,000 after acquiring an additional 767 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 0.9 %

NYSE:TDG opened at $1,352.43 on Monday. The firm has a market capitalization of $75.79 billion, a PE ratio of 52.83, a PEG ratio of 3.06 and a beta of 1.40. TransDigm Group Incorporated has a 1 year low of $1,086.37 and a 1 year high of $1,451.32. The firm’s fifty day simple moving average is $1,288.57 and its 200 day simple moving average is $1,312.42.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TDG. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. KeyCorp raised their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Truist Financial boosted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company reduced their target price on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,455.00.

Insider Activity

In other news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $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 89,525 shares of company stock valued at $112,769,801. 4.09% of the stock is owned by insiders.

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.