Cibc World Markets Corp Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Cibc World Markets Corp increased its stake in TransDigm Group Incorporated (NYSE:TDG) by 16.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,863 shares of the aerospace company’s stock after purchasing an additional 1,262 shares during the quarter. Cibc World Markets Corp’s holdings in TransDigm Group were worth $11,232,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock worth $925,349,000 after purchasing an additional 729,930 shares during the last quarter. Windacre Partnership LLC lifted its position in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after purchasing an additional 217,700 shares during the period. Principal Financial Group Inc. raised its position in shares of TransDigm Group by 9.6% in the fourth quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the period. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of TransDigm Group in the fourth quarter worth about $100,811,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TDG shares. Barclays reaffirmed 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 shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Truist Financial raised their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $1,472.47.

TransDigm Group Stock Performance

TDG stock opened at $1,358.40 on Tuesday. The stock has a market cap of $76.19 billion, a P/E ratio of 47.92, a P/E/G ratio of 2.76 and a beta of 1.38. The firm has a 50 day simple moving average of $1,328.43 and a 200 day simple moving average of $1,327.24. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating 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 company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm posted $7.16 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert J. Small sold 3,650 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total value of $4,825,993.50. Following the completion of the sale, the director now directly owns 15,539 shares of the company’s stock, valued at $20,545,510.41. This represents a 19.02 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock worth $165,337,618 over the last 90 days. Corporate 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.