National Bank of Canada FI Reduces Stock Position in TransDigm Group Incorporated (NYSE:TDG)

National Bank of Canada FI reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 9.0% during the 4th quarter, HoldingsChannel reports. The fund owned 28,974 shares of the aerospace company’s stock after selling 2,860 shares during the period. National Bank of Canada FI’s holdings in TransDigm Group were worth $36,719,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TDG. Norges Bank bought a new position in shares of TransDigm Group during the 4th quarter valued at approximately $973,353,000. Proficio Capital Partners LLC increased its position in TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after acquiring an additional 729,930 shares during the last quarter. Windacre Partnership LLC raised its stake in shares of TransDigm Group by 42.7% in the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after acquiring an additional 217,700 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock worth $2,793,908,000 after acquiring an additional 206,822 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after purchasing an additional 185,422 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TDG shares. Wells Fargo & Company increased their price objective on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 25th. Citigroup increased their price target 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. UBS Group upgraded 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. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,480.12.

Insider Activity

In related news, Director Robert J. Small sold 1,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the transaction, the director now directly owns 95,147 shares of the company’s stock, valued at $127,042,177.34. This represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 124,594 shares of company stock worth $165,646,468. Insiders own 4.09% of the company’s stock.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,400.28 on Thursday. The stock’s 50-day moving average is $1,345.69 and its 200 day moving average is $1,330.65. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32. The company has a market cap of $78.53 billion, a P/E ratio of 49.39, a PEG ratio of 2.76 and a beta of 1.38.

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

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.