TransDigm Group Incorporated (NYSE:TDG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in TransDigm Group Incorporated (NYSE:TDG) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,074 shares of the aerospace company’s stock after selling 1,877 shares during the period. California Public Employees Retirement System owned about 0.18% of TransDigm Group worth $99,212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TDG. Wedge Capital Management L L P NC lifted its holdings in TransDigm Group by 2,361.6% in the fourth quarter. Wedge Capital Management L L P NC now owns 78,993 shares of the aerospace company’s stock valued at $79,909,000 after acquiring an additional 75,784 shares during the last quarter. Townsquare Capital LLC lifted its stake in TransDigm Group by 4.5% in the third quarter. Townsquare Capital LLC now owns 2,651 shares of the aerospace company’s stock valued at $2,235,000 after buying an additional 114 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of TransDigm Group by 26.2% in the fourth quarter. Pacer Advisors Inc. now owns 5,727 shares of the aerospace company’s stock valued at $5,793,000 after purchasing an additional 1,188 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of TransDigm Group by 14.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 7,404 shares of the aerospace company’s stock valued at $7,490,000 after purchasing an additional 962 shares during the period. Finally, Chicago Capital LLC increased its holdings in shares of TransDigm Group by 3.3% in the fourth quarter. Chicago Capital LLC now owns 48,317 shares of the aerospace company’s stock valued at $48,877,000 after purchasing an additional 1,523 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. KeyCorp upped their target price on TransDigm Group from $1,220.00 to $1,325.00 and gave the company an “overweight” rating in a report on Monday. Truist Financial increased their target price on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 9th. Citigroup increased their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Stifel Nicolaus increased their target price on TransDigm Group from $1,100.00 to $1,200.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,170.27.

TransDigm Group Price Performance

Shares of TDG opened at $1,241.95 on Wednesday. The company has a market cap of $69.06 billion, a PE ratio of 52.71, a price-to-earnings-growth ratio of 2.44 and a beta of 1.42. TransDigm Group Incorporated has a one year low of $741.74 and a one year high of $1,248.39. The firm has a 50-day moving average of $1,196.92 and a 200-day moving average of $1,054.61.

TransDigm Group (NYSE:TDG) last announced its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a net margin of 20.80% and a negative return on equity of 59.61%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the firm earned $4.15 earnings per share. TransDigm Group’s quarterly revenue was up 28.1% on a year-over-year basis. Analysts expect that TransDigm Group Incorporated will post 29.08 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total value of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $1,233.10, for a total transaction of $3,699,300.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,439,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director W Nicholas Howley sold 2,391 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the completion of the sale, the director now directly owns 21,549 shares of the company’s stock, valued at $25,008,691.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,087 shares of company stock valued at $69,840,358. Company insiders own 4.96% of the company’s stock.

TransDigm Group 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.