Two Sigma Advisers LP Boosts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Two Sigma Advisers LP boosted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 2,955.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,500 shares of the aerospace company’s stock after acquiring an additional 26,600 shares during the period. Two Sigma Advisers LP’s holdings in TransDigm Group were worth $39,246,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First Personal Financial Services purchased a new position in TransDigm Group during the third quarter valued at $29,000. Erste Asset Management GmbH purchased a new position in shares of TransDigm Group in the 3rd quarter worth $29,000. DT Investment Partners LLC grew its stake in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after buying an additional 22 shares in the last quarter. Finally, Hershey Financial Advisers LLC purchased a new position in shares of TransDigm Group in the 2nd quarter worth $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TDG. Jefferies Financial Group dropped their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. KeyCorp lifted their price objective on shares of 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 raised their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,464.00.

Insider Transactions at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business’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 transaction of $4,127,670.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’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 sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock valued at $23,541,085 in the last 90 days. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,277.00 on Friday. TransDigm Group Incorporated has a one year low of $965.69 and a one year high of $1,451.32. The firm has a market cap of $71.81 billion, a P/E ratio of 49.88, a P/E/G ratio of 2.99 and a beta of 1.39. The firm has a 50-day simple moving average of $1,333.48 and a 200-day simple moving average of $1,315.97.

TransDigm Group Increases Dividend

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

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.