Advisors Asset Management Inc. Has $5.42 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Advisors Asset Management Inc. lessened its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,280 shares of the aerospace company’s stock after selling 228 shares during the quarter. Advisors Asset Management Inc.’s holdings in TransDigm Group were worth $5,424,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC increased its stake in shares of TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares during the period. Windacre Partnership LLC grew its position in TransDigm Group by 42.7% during the third 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. Principal Financial Group Inc. increased its stake in TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the period. JPMorgan Chase & Co. raised its holdings in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of TransDigm Group during the 4th quarter valued at $100,811,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,525,524. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert J. Small sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the transaction, the director now directly owns 95,147 shares in the company, valued at approximately $127,042,177.34. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock valued at $165,337,618 in the last quarter. 4.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TDG has been the subject of a number of analyst reports. Barclays reaffirmed 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 report on Thursday, December 5th. Truist Financial lifted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a research note on Monday, February 24th. Finally, 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. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group Price Performance

NYSE:TDG opened at $1,370.81 on Thursday. The company has a market cap of $76.88 billion, a PE ratio of 48.35, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The firm’s 50 day simple moving average is $1,331.97 and its 200 day simple moving average is $1,327.33.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.16 EPS. Equities research analysts expect 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.