JPMorgan Chase & Co. Has $2.79 Billion Stake in TransDigm Group Incorporated (NYSE:TDG)

JPMorgan Chase & Co. boosted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 10.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,204,649 shares of the aerospace company’s stock after purchasing an additional 206,822 shares during the quarter. JPMorgan Chase & Co.’s holdings in TransDigm Group were worth $2,793,908,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Erste Asset Management GmbH acquired a new position in TransDigm Group in the 3rd quarter worth about $29,000. Capital Advisors Ltd. LLC boosted its stake in shares of TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares during the last quarter. Trust Co. of Vermont grew its holdings in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 15 shares during the period. Versant Capital Management Inc increased its holdings in TransDigm Group by 225.0% in the fourth 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. Finally, Sachetta LLC boosted its stake in TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 18 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TDG has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial lifted 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 report on Tuesday, January 14th. Wells Fargo & Company upped their price target on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research note on Tuesday. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Citigroup increased their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,477.18.

Insiders Place Their Bets

In related news, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $11,046,584.64. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,896,144. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,594 shares of company stock worth $165,646,468. Company insiders own 4.09% of the company’s stock.

TransDigm Group Price Performance

Shares of NYSE:TDG opened at $1,394.83 on Thursday. The company has a market cap of $78.23 billion, a P/E ratio of 49.20, a PEG ratio of 2.76 and a beta of 1.38. The stock’s fifty day moving average price is $1,341.20 and its 200-day moving average price is $1,328.69. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year 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 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period last year, the firm earned $7.16 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

About TransDigm Group

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.