CIBC Asset Management Inc Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

CIBC Asset Management Inc raised its holdings in TransDigm Group Incorporated (NYSE:TDG) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,554 shares of the aerospace company’s stock after purchasing an additional 385 shares during the period. CIBC Asset Management Inc’s holdings in TransDigm Group were worth $10,840,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. First Personal Financial Services acquired a new position in shares of TransDigm Group in the third quarter valued at approximately $29,000. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group in the third quarter valued at approximately $29,000. Trust Co. of Vermont raised its position in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc raised its position in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC raised its position in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Citigroup boosted 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 report on Thursday, December 5th. KeyCorp upped their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Finally, Truist Financial upped their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now directly owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,892,616. This trade represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 113,175 shares of company stock worth $144,677,394 in the last ninety days. 4.09% of the stock is owned by insiders.

TransDigm Group Trading Down 1.1 %

Shares of TDG stock opened at $1,299.66 on Wednesday. The company has a market capitalization of $72.88 billion, a PE ratio of 45.84, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The firm has a fifty day simple moving average of $1,301.98 and a 200-day simple moving average of $1,318.55. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating 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 business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.16 earnings per share. Equities research analysts predict that TransDigm Group Incorporated will post 34.11 EPS for the current year.

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.