Chicago Capital LLC Reduces Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Chicago Capital LLC cut its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,479 shares of the aerospace company’s stock after selling 74 shares during the period. TransDigm Group comprises about 2.0% of Chicago Capital LLC’s holdings, making the stock its 14th largest position. Chicago Capital LLC owned about 0.09% of TransDigm Group worth $73,467,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in TransDigm Group by 22.2% during the fourth quarter. Wellington Management Group LLP now owns 2,640 shares of the aerospace company’s stock worth $2,671,000 after buying an additional 479 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in TransDigm Group during the 4th quarter worth about $227,000. Fulton Bank N.A. acquired a new position in TransDigm Group in the 1st quarter valued at about $216,000. Park Avenue Securities LLC lifted its holdings in TransDigm Group by 6.2% in the 1st quarter. Park Avenue Securities LLC now owns 837 shares of the aerospace company’s stock valued at $1,031,000 after purchasing an additional 49 shares in the last quarter. Finally, Rockland Trust Co. acquired a new stake in shares of TransDigm Group during the 1st quarter worth about $222,000. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company cut their price objective on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 7th. Truist Financial boosted their price target on TransDigm Group from $1,425.00 to $1,483.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. raised their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Susquehanna upped their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, 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 research report on Tuesday, August 13th. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,448.41.

TransDigm Group Stock Down 0.3 %

TransDigm Group stock opened at $1,397.16 on Friday. The firm has a market capitalization of $78.18 billion, a P/E ratio of 55.42, a PEG ratio of 1.90 and a beta of 1.43. The firm has a fifty day moving average of $1,356.51 and a 200-day moving average of $1,303.86. TransDigm Group Incorporated has a 52-week low of $811.42 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the company posted $6.55 earnings per share. The firm’s revenue was up 17.3% compared to the same quarter last year. On average, research analysts expect that TransDigm Group Incorporated will post 30.71 EPS for the current fiscal year.

TransDigm Group Increases Dividend

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

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the company’s 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 approximately $4,953,204. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,019,981.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,953,204. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,944 shares of company stock valued at $35,823,485 over the last 90 days. 4.96% 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.