TransDigm Group Incorporated (NYSE:TDG) Short Interest Update

TransDigm Group Incorporated (NYSE:TDG) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,190,000 shares, an increase of 34.6% from the December 15th total of 883,800 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily trading volume, of 273,900 shares, the short-interest ratio is presently 4.3 days.

TransDigm Group Stock Performance

Shares of TDG stock traded up $27.10 during trading on Thursday, hitting $1,320.63. 229,397 shares of the company were exchanged, compared to its average volume of 261,220. The firm has a market capitalization of $74.26 billion, a price-to-earnings ratio of 51.59, a P/E/G ratio of 2.84 and a beta of 1.38. The business’s 50-day simple moving average is $1,277.95 and its 200 day simple moving average is $1,305.97. TransDigm Group has a twelve month low of $1,025.01 and a twelve month high of $1,451.32.

Insider Activity

In related news, Director Robert J. Small sold 38,053 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the sale, the director now owns 567,323 shares of the company’s stock, valued at $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 86,525 shares of company stock valued at $108,692,621. Insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On TransDigm Group

Several institutional investors and hedge funds have recently modified their holdings of TDG. First Personal Financial Services acquired a new stake in TransDigm Group during the third quarter valued at $29,000. Erste Asset Management GmbH acquired a new stake in shares of TransDigm Group during the 3rd quarter valued at about $29,000. Trust Co. of Vermont grew its stake in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after buying an additional 15 shares in the last quarter. Versant Capital Management Inc increased its holdings in TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after buying an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC raised its position in TransDigm Group by 68.8% during the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on TDG shares. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Citigroup lifted their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Wells Fargo & Company cut their price target on shares of 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. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research note on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,455.00.

About TransDigm Group

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.