Patron Partners LLC Boosts Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Patron Partners LLC boosted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 16.0% during the fourth quarter, Holdings Channel reports. The firm owned 247 shares of the aerospace company’s stock after acquiring an additional 34 shares during the quarter. Patron Partners LLC’s holdings in TransDigm Group were worth $313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TDG. Cetera Investment Advisers boosted its holdings in TransDigm Group by 17.0% in the second quarter. Cetera Investment Advisers now owns 4,697 shares of the aerospace company’s stock valued at $6,001,000 after acquiring an additional 682 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of TransDigm Group in the 2nd quarter worth approximately $3,032,000. Czech National Bank increased its position in TransDigm Group by 7.2% during the 3rd quarter. Czech National Bank now owns 11,430 shares of the aerospace company’s stock valued at $16,312,000 after buying an additional 767 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of TransDigm Group by 17.0% in the third quarter. GAMMA Investing LLC now owns 592 shares of the aerospace company’s stock worth $845,000 after acquiring an additional 86 shares during the last quarter. Finally, Diversified Trust Co raised its position in shares of TransDigm Group by 1,282.2% in the 3rd quarter. Diversified Trust Co now owns 3,815 shares of the aerospace company’s stock worth $5,444,000 after purchasing an additional 3,539 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

TDG has been the subject of several recent analyst reports. Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial upped their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, TransDigm Group presently has an average rating of “Moderate Buy” and a consensus target price of $1,455.00.

TransDigm Group Price Performance

TDG stock opened at $1,353.03 on Tuesday. The company has a market capitalization of $75.82 billion, a PE ratio of 52.85, a P/E/G ratio of 3.06 and a beta of 1.40. The firm’s 50-day moving average is $1,288.57 and its 200 day moving average is $1,312.92. TransDigm Group Incorporated has a 12 month low of $1,100.86 and a 12 month high of $1,451.32.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert J. Small sold 38,053 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 89,525 shares of company stock valued at $112,769,801 over the last quarter. 4.09% of the stock is owned by corporate 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.