Healthcare of Ontario Pension Plan Trust Fund Acquires Shares of 22,000 TransDigm Group Incorporated (NYSE:TDG)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,000 shares of the aerospace company’s stock, valued at approximately $31,397,000.

Several other large investors have also modified their holdings of the stock. Freedom Investment Management Inc. lifted its position in shares of TransDigm Group by 17.2% during the third quarter. Freedom Investment Management Inc. now owns 456 shares of the aerospace company’s stock worth $650,000 after purchasing an additional 67 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of TransDigm Group by 25.0% during the third quarter. Townsquare Capital LLC now owns 1,276 shares of the aerospace company’s stock worth $1,821,000 after purchasing an additional 255 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of TransDigm Group by 23.0% during the third quarter. BNP Paribas Financial Markets now owns 85,692 shares of the aerospace company’s stock worth $122,294,000 after purchasing an additional 16,049 shares during the last quarter. Avestar Capital LLC lifted its position in shares of TransDigm Group by 14.8% during the third quarter. Avestar Capital LLC now owns 611 shares of the aerospace company’s stock worth $872,000 after purchasing an additional 79 shares during the last quarter. Finally, FMR LLC raised its stake in TransDigm Group by 2.3% during the third 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 period. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TDG. JPMorgan Chase & Co. increased their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Susquehanna increased their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Morgan Stanley raised 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 research note on Wednesday, August 7th. Citigroup dropped their price target on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. 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 this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,944 shares of company stock worth $23,541,085. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

NYSE TDG opened at $1,249.17 on Thursday. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32. The firm has a market capitalization of $70.24 billion, a PE ratio of 48.80, a P/E/G ratio of 2.84 and a beta of 1.43. The company’s 50 day simple moving average is $1,352.75 and its 200 day simple moving average is $1,317.05.

TransDigm Group Increases Dividend

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

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.