JPMorgan Chase & Co. Acquires 173,642 Shares of TransDigm Group Incorporated (NYSE:TDG)

JPMorgan Chase & Co. boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 9.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,997,827 shares of the aerospace company’s stock after acquiring an additional 173,642 shares during the quarter. JPMorgan Chase & Co. owned 3.55% of TransDigm Group worth $2,851,160,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TDG. CIBC Asset Management Inc grew its holdings in shares of TransDigm Group by 8.6% in the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after acquiring an additional 644 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after purchasing an additional 8,655 shares during the period. Swiss National Bank grew its position in TransDigm Group by 0.9% during the third quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after buying an additional 1,400 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in TransDigm Group by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after buying an additional 7,947 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in TransDigm Group by 76.2% in the second quarter. Public Sector Pension Investment Board now owns 2,153 shares of the aerospace company’s stock worth $2,751,000 after acquiring an additional 931 shares during the period. Institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Down 0.0 %

Shares of NYSE TDG traded down $0.43 on Thursday, reaching $1,301.23. 106,662 shares of the company’s stock traded hands, compared to its average volume of 232,508. The business’s 50 day simple moving average is $1,300.03 and its two-hundred day simple moving average is $1,309.90. TransDigm Group Incorporated has a 12 month low of $972.08 and a 12 month high of $1,451.32. The company has a market cap of $73.17 billion, a price-to-earnings ratio of 50.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TDG shares. Wells Fargo & Company cut their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 11th. JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised their price target on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Citigroup raised their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and an average price target of $1,465.47.

Insider Activity

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 69,525 shares of company stock valued at $88,134,141 over the last three months. Insiders own 4.96% of the company’s stock.

TransDigm Group Company 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.