Gulf International Bank UK Ltd Sells 47 Shares of TransDigm Group Incorporated (NYSE:TDG)

Gulf International Bank UK Ltd lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,431 shares of the aerospace company’s stock after selling 47 shares during the period. Gulf International Bank UK Ltd’s holdings in TransDigm Group were worth $5,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. First Personal Financial Services bought a new position in TransDigm Group during the 3rd quarter worth $29,000. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group in the third quarter valued at about $29,000. Capital Advisors Ltd. LLC increased its position in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 16 shares during the period. Trust Co. of Vermont raised its stake in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 18 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on TDG shares. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company upgraded 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 research report on Friday, February 7th. Truist Financial raised their price target on 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. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Six equities 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.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,472.47.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 in the company, 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. Over the last three months, insiders have sold 121,647 shares of company stock worth $155,847,223. Insiders own 4.09% of the company’s stock.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,348.25 on Friday. The company’s 50 day moving average price is $1,312.27 and its two-hundred day moving average price is $1,322.71. The firm has a market capitalization of $75.62 billion, a P/E ratio of 47.56, a P/E/G ratio of 2.76 and a beta of 1.40. TransDigm Group Incorporated has a fifty-two week low of $1,136.27 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data 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. 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 for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $7.16 EPS. TransDigm Group’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share 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.