TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Intermede Investment Partners Ltd

Intermede Investment Partners Ltd cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 0.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 97,206 shares of the aerospace company’s stock after selling 898 shares during the period. TransDigm Group accounts for approximately 3.3% of Intermede Investment Partners Ltd’s portfolio, making the stock its 13th largest position. Intermede Investment Partners Ltd’s holdings in TransDigm Group were worth $123,187,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Avantax Advisory Services Inc. boosted its holdings in shares of TransDigm Group by 16.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 845 shares of the aerospace company’s stock valued at $1,071,000 after purchasing an additional 122 shares during the last quarter. Great Lakes Advisors LLC raised its position in shares of TransDigm Group by 0.3% in the 4th quarter. Great Lakes Advisors LLC now owns 2,938 shares of the aerospace company’s stock worth $3,723,000 after buying an additional 9 shares during the period. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in TransDigm Group in the fourth quarter valued at $366,000. Farther Finance Advisors LLC grew its position in TransDigm Group by 42.2% during the fourth quarter. Farther Finance Advisors LLC now owns 266 shares of the aerospace company’s stock valued at $337,000 after acquiring an additional 79 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in TransDigm Group by 17.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 209 shares of the aerospace company’s stock worth $265,000 after acquiring an additional 31 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

TransDigm Group Stock Up 0.5 %

Shares of NYSE TDG opened at $1,326.51 on Thursday. The business has a 50 day moving average price of $1,323.34 and a two-hundred day moving average price of $1,326.99. TransDigm Group Incorporated has a fifty-two week low of $1,163.82 and a fifty-two week high of $1,451.32. The firm has a market cap of $74.40 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

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

Insider Transactions at TransDigm Group

In related news, Director Robert J. Small sold 40,000 shares of TransDigm Group stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the completion of the transaction, the director now directly owns 98,185 shares in the company, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,525,524. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,594 shares of company stock valued at $164,002,398. Insiders own 4.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Truist Financial increased their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

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.