TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 11,956 shares of the aerospace company’s stock after selling 259 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in TransDigm Group were worth $15,152,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Erste Asset Management GmbH bought a new position in shares of TransDigm Group during the third quarter valued at approximately $29,000. Capital Advisors Ltd. LLC grew its holdings in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares during the last quarter. Finally, Sachetta LLC grew its holdings in shares of TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 18 shares during the last quarter. 95.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TDG has been the subject of several recent research reports. Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a report on Monday, February 24th. Finally, Citigroup increased 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. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $1,472.47.

Insider Activity

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,762,872. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 1,000 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the sale, the director now owns 95,147 shares of the company’s stock, valued at $127,042,177.34. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,594 shares of company stock worth $161,566,348. Insiders own 4.09% of the company’s stock.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,359.90 on Friday. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The stock has a fifty day moving average of $1,333.54 and a 200-day moving average of $1,327.55. The company has a market capitalization of $76.27 billion, a PE ratio of 47.97, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The company had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the firm earned $7.16 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

About TransDigm Group

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.