Citigroup Inc. Raises Holdings in TransDigm Group Incorporated (NYSE:TDG)

Citigroup Inc. increased its position in TransDigm Group Incorporated (NYSE:TDG) by 36.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 120,876 shares of the aerospace company’s stock after acquiring an additional 32,609 shares during the quarter. Citigroup Inc. owned about 0.22% of TransDigm Group worth $172,506,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts recently commented on TDG shares. UBS Group reduced their target price on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Jefferies Financial Group reduced their target price on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, Morgan Stanley boosted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,461.82.

Insider Buying and Selling

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $29,659,098.16. The trade was a 20.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is owned by corporate insiders.

TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,240.13 on Friday. The firm has a market cap of $69.73 billion, a PE ratio of 48.44, a PEG ratio of 2.21 and a beta of 1.43. TransDigm Group Incorporated has a one year low of $949.99 and a one year high of $1,451.32. The firm has a fifty day moving average of $1,361.91 and a 200 day moving average of $1,318.48.

TransDigm Group Increases Dividend

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

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.