Quantbot Technologies LP Trims Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Quantbot Technologies LP cut its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 54.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,373 shares of the aerospace company’s stock after selling 6,402 shares during the period. Quantbot Technologies LP’s holdings in TransDigm Group were worth $7,668,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC increased its stake in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 17 shares during the period. First Personal Financial Services acquired a new stake in TransDigm Group in the third quarter valued at $29,000. Meeder Asset Management Inc. grew its stake in shares of TransDigm Group by 275.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the period. DT Investment Partners LLC increased its holdings in shares of TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 11 shares in the last quarter. Finally, Hershey Financial Advisers LLC acquired a new position in TransDigm Group during the second quarter worth about $41,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Trading Up 0.1 %

NYSE TDG opened at $1,261.52 on Tuesday. The business’s 50-day moving average price is $1,357.52 and its 200 day moving average price is $1,317.87. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32. The company has a market capitalization of $70.94 billion, a PE ratio of 49.28, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were given a dividend of $75.00 per share. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,944 shares of company stock valued at $23,541,085 over the last quarter. Company insiders own 4.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TDG shares. KeyCorp boosted their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Northcoast Research started coverage on shares of TransDigm Group in a research note on Thursday, August 1st. They issued a “neutral” rating on the stock. Wells Fargo & Company cut their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Finally, Morgan Stanley increased their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,461.82.

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.