JPMorgan Chase & Co. Acquires 173,642 Shares of TransDigm Group Incorporated (NYSE:TDG)

JPMorgan Chase & Co. boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 9.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,997,827 shares of the aerospace company’s stock after purchasing an additional 173,642 shares during the quarter. JPMorgan Chase & Co.’s holdings in TransDigm Group were worth $2,851,160,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Windacre Partnership LLC grew its stake in shares of TransDigm Group by 42.7% in the 3rd quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after buying an additional 217,700 shares in the last quarter. Darsana Capital Partners LP bought a new stake in TransDigm Group during the second quarter worth approximately $210,806,000. International Assets Investment Management LLC lifted its stake in shares of TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after purchasing an additional 48,833 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of TransDigm Group by 2,868.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock worth $60,136,000 after purchasing an additional 48,769 shares during the period. Finally, FMR LLC increased its position in shares of TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after purchasing an additional 43,604 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 69,525 shares of company stock worth $88,134,141. Insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

NYSE:TDG traded down $0.43 during midday trading on Thursday, reaching $1,301.23. 106,662 shares of the stock traded hands, compared to its average volume of 232,508. The stock has a market capitalization of $73.17 billion, a PE ratio of 50.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39. TransDigm Group Incorporated has a 12-month low of $972.08 and a 12-month high of $1,451.32. The business has a 50-day moving average of $1,300.03 and a two-hundred day moving average of $1,309.90.

Analyst Ratings Changes

TDG has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Wells Fargo & Company dropped their price objective 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. JPMorgan Chase & Co. lifted 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. KeyCorp lifted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, Citigroup upped 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 research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,465.47.

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.