Private Advisor Group LLC lessened its holdings in TransDigm Group Incorporated (NYSE:TDG) by 31.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,193 shares of the aerospace company’s stock after selling 560 shares during the quarter. Private Advisor Group LLC’s holdings in TransDigm Group were worth $329,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in TransDigm Group by 43.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 519 shares of the aerospace company’s stock worth $142,000 after acquiring an additional 158 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in TransDigm Group by 540.5% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 538 shares of the aerospace company’s stock worth $148,000 after acquiring an additional 454 shares in the last quarter. Neville Rodie & Shaw Inc. acquired a new stake in TransDigm Group in the fourth quarter worth about $205,000. Alps Advisors Inc. acquired a new stake in TransDigm Group in the fourth quarter worth about $205,000. Finally, Trexquant Investment LP acquired a new stake in TransDigm Group in the third quarter worth about $209,000.
TransDigm Group Incorporated (TDG) opened at $291.38 on Wednesday. The company has a current ratio of 2.76, a quick ratio of 1.86 and a debt-to-equity ratio of -4.38. The firm has a market capitalization of $15,210.00, a P/E ratio of 29.14, a P/E/G ratio of 1.52 and a beta of 0.77. TransDigm Group Incorporated has a 12-month low of $203.72 and a 12-month high of $321.38.
Several brokerages have weighed in on TDG. Morgan Stanley reissued an “equal weight” rating and issued a $306.00 price target (up previously from $290.00) on shares of TransDigm Group in a report on Friday, February 23rd. Stephens raised TransDigm Group to a “hold” rating in a report on Thursday, February 22nd. Zacks Investment Research raised TransDigm Group from a “hold” rating to a “buy” rating and set a $317.00 target price for the company in a report on Monday, February 12th. Bank of America lifted their target price on TransDigm Group from $305.00 to $350.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Jefferies Group set a $323.00 target price on TransDigm Group and gave the stock a “hold” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $312.65.
In related news, Director Raymond F. Laubenthal sold 11,900 shares of TransDigm Group stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $295.87, for a total transaction of $3,520,853.00. Following the completion of the transaction, the director now directly owns 81,718 shares in the company, valued at $24,177,904.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael Graff sold 1,872 shares of TransDigm Group stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $278.92, for a total value of $522,138.24. Following the transaction, the director now owns 9,482 shares of the company’s stock, valued at $2,644,719.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,116 shares of company stock valued at $13,700,694. 11.45% of the stock is owned by company insiders.
TransDigm Group Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components for use on commercial and military aircraft in service. The Company operates through three segments: Power & Control, Airframe and Non-aviation. The Power & Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.
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