Global Retirement Partners LLC Boosts Holdings in TransDigm Group Incorporated (NYSE:TDG)

Global Retirement Partners LLC boosted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 417.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,103 shares of the aerospace company’s stock after buying an additional 890 shares during the quarter. Global Retirement Partners LLC’s holdings in TransDigm Group were worth $1,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services bought a new stake in TransDigm Group during the 3rd quarter valued at $29,000. Erste Asset Management GmbH purchased a new position in TransDigm Group during the 3rd quarter valued at $29,000. Trust Co. of Vermont increased its position in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the period. Versant Capital Management Inc increased its position in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares during the period. Finally, DT Investment Partners LLC increased its position in TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research note on Monday, January 6th. Citigroup upped their price target 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. Finally, Truist Financial upped their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,462.35.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $28,355,659.64. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 118,647 shares of company stock valued at $151,878,163 in the last three months. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Trading Down 1.6 %

TransDigm Group stock opened at $1,291.58 on Friday. The firm has a 50 day moving average of $1,306.06 and a 200 day moving average of $1,319.28. The firm has a market capitalization of $72.44 billion, a price-to-earnings ratio of 45.56, a P/E/G ratio of 2.82 and a beta of 1.40. TransDigm Group Incorporated has a 12-month low of $1,136.27 and a 12-month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the firm posted $7.16 EPS. The company’s revenue was up 12.1% on a year-over-year basis. On average, analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

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.