Zurcher Kantonalbank Zurich Cantonalbank Raises Position in TransDigm Group Incorporated (NYSE:TDG)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,676 shares of the aerospace company’s stock after purchasing an additional 2,772 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TransDigm Group were worth $49,013,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Coalescence Partners Investment Management LP purchased a new stake in shares of TransDigm Group during the 4th quarter worth approximately $7,784,000. Amundi grew its stake in TransDigm Group by 213.5% in the 4th quarter. Amundi now owns 24,017 shares of the aerospace company’s stock valued at $30,797,000 after buying an additional 16,355 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in TransDigm Group by 6.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 803 shares of the aerospace company’s stock valued at $1,018,000 after buying an additional 48 shares in the last quarter. HM Payson & Co. purchased a new position in TransDigm Group in the 4th quarter valued at approximately $181,000. Finally, AMF Tjanstepension AB purchased a new position in TransDigm Group in the 4th quarter valued at approximately $18,923,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of a number of recent research reports. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note 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, Truist Financial boosted their price target on shares of 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. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

TransDigm Group Stock Performance

NYSE TDG opened at $1,335.77 on Tuesday. TransDigm Group Incorporated has a 52-week low of $1,136.27 and a 52-week high of $1,451.32. The company has a market capitalization of $74.92 billion, a P/E ratio of 47.12, a P/E/G ratio of 2.76 and a beta of 1.38. The company has a fifty day moving average of $1,321.06 and a 200-day moving average of $1,327.03.

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

Insiders Place Their Bets

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction 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 $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 181,647 shares of company stock valued at $236,483,623 over the last three months. Insiders own 4.09% of the company’s stock.

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.