TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Q Global Advisors LLC

Q Global Advisors LLC decreased its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 19.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,176 shares of the aerospace company’s stock after selling 1,530 shares during the quarter. TransDigm Group comprises about 4.8% of Q Global Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Q Global Advisors LLC’s holdings in TransDigm Group were worth $6,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in TransDigm Group by 1,947.8% in the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after purchasing an additional 3,225,771 shares during the period. Norges Bank acquired a new stake in TransDigm Group in the fourth quarter worth about $790,822,000. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 46.1% in the third quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after purchasing an additional 349,409 shares during the period. Cerity Partners LLC raised its position in TransDigm Group by 34,288.0% in the fourth quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock worth $208,025,000 after acquiring an additional 205,042 shares in the last quarter. Finally, FMR LLC raised its position in TransDigm Group by 9.0% in the third quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after acquiring an additional 136,834 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Price Performance

Shares of NYSE TDG traded up $2.57 during trading hours on Friday, reaching $1,259.15. The stock had a trading volume of 140,898 shares, compared to its average volume of 175,670. The business’s fifty day moving average is $1,203.04 and its two-hundred day moving average is $1,060.05. The company has a market cap of $70.02 billion, a price-to-earnings ratio of 53.44, a PEG ratio of 2.56 and a beta of 1.42. TransDigm Group Incorporated has a twelve month low of $745.65 and a twelve month high of $1,269.51.

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

Analysts Set New Price Targets

TDG has been the topic of several recent analyst reports. Truist Financial boosted their price objective on TransDigm Group from $1,158.00 to $1,267.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Citigroup boosted their price objective on TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. KeyCorp boosted their price objective on TransDigm Group from $1,220.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. The Goldman Sachs Group boosted their price objective on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Finally, Stifel Nicolaus boosted their price objective on TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a “hold” rating in a report on Wednesday, April 17th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,170.27.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $9,921,433.28. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director W Nicholas Howley sold 2,391 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the completion of the sale, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kevin M. Stein sold 10,000 shares of the firm’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $1,216.16, for a total value of $12,161,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $9,921,433.28. The disclosure for this sale can be found here. Over the last three months, insiders sold 59,087 shares of company stock valued at $69,840,358. 4.96% of the stock is currently owned by company insiders.

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.