TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Capital International Investors

Capital International Investors increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.2% in the fourth quarter, Holdings Channel reports. The firm owned 5,252,828 shares of the aerospace company’s stock after buying an additional 61,927 shares during the period. TransDigm Group comprises 1.0% of Capital International Investors’ investment portfolio, making the stock its 26th largest holding. Capital International Investors owned about 0.10% of TransDigm Group worth $2,941,584,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TDG. Savior LLC acquired a new stake in shares of TransDigm Group during the 4th quarter worth about $25,000. MUFG Securities EMEA plc acquired a new stake in shares of TransDigm Group during the 4th quarter worth about $36,000. Marshall Wace LLP acquired a new stake in shares of TransDigm Group during the 4th quarter worth about $40,000. Penserra Capital Management LLC grew its position in TransDigm Group by 110.0% in the 4th quarter. Penserra Capital Management LLC now owns 63 shares of the aerospace company’s stock valued at $41,000 after acquiring an additional 33 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its position in TransDigm Group by 24.0% in the 4th quarter. Princeton Global Asset Management LLC now owns 93 shares of the aerospace company’s stock valued at $52,000 after acquiring an additional 18 shares in the last quarter. 99.18% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Berenberg Bank reaffirmed a “buy” rating and issued a $700.00 target price on shares of TransDigm Group in a research report on Wednesday, January 22nd. Bank of America downgraded TransDigm Group from a “buy” rating to an “underperform” rating in a research report on Wednesday, March 18th. Cowen dropped their target price on TransDigm Group from $655.00 to $320.00 and set an “outperform” rating for the company in a research report on Thursday, March 19th. Barclays reaffirmed a “buy” rating on shares of TransDigm Group in a research report on Sunday. Finally, Credit Suisse Group lifted their target price on TransDigm Group from $589.13 to $693.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $591.77.

In related news, Chairman W Nicholas Howley sold 17,083 shares of the business’s stock in a transaction that occurred on Thursday, January 9th. The stock was sold at an average price of $590.70, for a total transaction of $10,090,928.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Bernt G. Iversen II sold 8,335 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $639.84, for a total value of $5,333,066.40. Following the sale, the executive vice president now owns 13,345 shares of the company’s stock, valued at approximately $8,538,664.80. The disclosure for this sale can be found here. Insiders sold a total of 69,584 shares of company stock valued at $40,631,651 in the last quarter. Company insiders own 7.51% of the company’s stock.

Shares of TDG traded up $48.89 during midday trading on Thursday, hitting $398.98. The company had a trading volume of 460,517 shares, compared to its average volume of 1,275,482. The company’s 50-day simple moving average is $526.17 and its 200-day simple moving average is $552.61. The firm has a market capitalization of $17.49 billion, a P/E ratio of 31.00, a P/E/G ratio of 2.55 and a beta of 1.07. TransDigm Group Incorporated has a 1 year low of $200.06 and a 1 year high of $673.51.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.13 by $0.80. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. TransDigm Group had a negative return on equity of 45.77% and a net margin of 13.87%. The business’s quarterly revenue was up 47.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.85 EPS. On average, analysts anticipate that TransDigm Group Incorporated will post 17.02 EPS for the current year.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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