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

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 0.6% in the 4th quarter, HoldingsChannel reports. The fund owned 35,850 shares of the aerospace company’s stock after selling 220 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TransDigm Group were worth $36,266,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of TransDigm Group in the fourth quarter valued at $25,000. International Assets Investment Management LLC purchased a new position in shares of TransDigm Group in the third quarter valued at $36,000. Optiver Holding B.V. purchased a new position in shares of TransDigm Group in the third quarter valued at $35,000. Resurgent Financial Advisors LLC purchased a new position in shares of TransDigm Group in the fourth quarter valued at $30,000. Finally, Impact Partnership Wealth LLC purchased a new position in shares of TransDigm Group in the third quarter valued at $41,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Stifel Nicolaus raised their price target on TransDigm Group from $1,000.00 to $1,050.00 and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada raised their price target on TransDigm Group from $1,150.00 to $1,250.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Susquehanna lifted their price objective on TransDigm Group from $875.00 to $1,100.00 and gave the stock a “neutral” rating in a research report on Friday, February 9th. Barclays lifted their price objective on TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Finally, KeyCorp lifted their price objective on TransDigm Group from $1,180.00 to $1,220.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,153.27.

TransDigm Group Trading Up 1.2 %

Shares of NYSE:TDG opened at $1,221.80 on Wednesday. The stock’s 50-day moving average price is $1,188.11 and its two-hundred day moving average price is $1,041.08. TransDigm Group Incorporated has a 12-month low of $741.74 and a 12-month high of $1,248.39. The firm has a market cap of $67.94 billion, a price-to-earnings ratio of 51.86, a PEG ratio of 2.46 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period last year, the company earned $4.15 EPS. As a group, research analysts forecast that TransDigm Group Incorporated will post 29.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director W Nicholas Howley sold 2,391 shares of TransDigm Group stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares of the company’s stock, valued at approximately $25,008,691.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jorge Valladares sold 578 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total transaction of $682,040.00. Following the transaction, the director now directly owns 11,000 shares of the company’s stock, valued at approximately $12,980,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 2,391 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total value of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares in the company, valued at $25,008,691.95. The disclosure for this sale can be found here. Insiders have sold 46,087 shares of company stock valued at $53,979,458 in the last three months. Corporate insiders own 4.96% of the company’s stock.

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.