TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in TransDigm Group Incorporated (NYSE:TDG) by 54.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,373 shares of the aerospace company’s stock after selling 6,402 shares during the quarter. Quantbot Technologies LP’s holdings in TransDigm Group were worth $7,668,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TDG. Wealth Enhancement Advisory Services LLC boosted its position in TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock valued at $4,980,000 after buying an additional 567 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock worth $4,888,000 after acquiring an additional 789 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after purchasing an additional 644 shares during the last quarter. Cetera Investment Advisers increased its position in shares of TransDigm Group by 90.5% in the 1st quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock worth $4,945,000 after purchasing an additional 1,907 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of TransDigm Group by 130.1% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 29,322 shares of the aerospace company’s stock valued at $35,981,000 after purchasing an additional 16,578 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Transactions at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $29,659,098.16. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,944 shares of company stock valued at $23,541,085. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,261.52 on Tuesday. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32. The stock has a market capitalization of $70.94 billion, a PE ratio of 49.28, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43. The firm has a 50 day simple moving average of $1,357.52 and a 200-day simple moving average of $1,317.87.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Morgan Stanley lifted their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Wednesday, August 7th. UBS Group reduced their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. increased their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Six analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

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.