Vestmark Advisory Solutions Inc. Takes Position in TransDigm Group Incorporated (NYSE:TDG)

Vestmark Advisory Solutions Inc. purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 324 shares of the aerospace company’s stock, valued at approximately $410,000.

A number of other large investors have also bought and sold shares of the business. State Street Corp grew its position in TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock worth $3,181,357,000 after acquiring an additional 29,489 shares during the last quarter. Principal Financial Group Inc. grew its position in TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the last quarter. JPMorgan Chase & Co. grew its position in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares during the last quarter. FMR LLC grew its position in TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after acquiring an additional 43,604 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock worth $1,612,583,000 after acquiring an additional 19,314 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TDG has been the topic of a number of research analyst reports. Citigroup increased their price target 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. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. Finally, UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research report on Monday, February 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Trading Down 0.4 %

Shares of TransDigm Group stock opened at $1,339.77 on Friday. The company has a market capitalization of $75.14 billion, a PE ratio of 47.26, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32. The stock’s fifty day simple moving average is $1,319.94 and its 200 day simple moving average is $1,326.72.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $7.16 EPS. Analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

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.