Pier 88 Investment Partners LLC Has $5.44 Million Holdings in Transdigm Group Incorporated $TDG

Pier 88 Investment Partners LLC grew its position in shares of Transdigm Group Incorporated (NYSE:TDG) by 173.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,575 shares of the aerospace company’s stock after buying an additional 2,270 shares during the period. Transdigm Group makes up about 1.0% of Pier 88 Investment Partners LLC’s holdings, making the stock its 28th biggest holding. Pier 88 Investment Partners LLC’s holdings in Transdigm Group were worth $5,436,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Transdigm Group by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company’s stock valued at $8,797,619,000 after purchasing an additional 89,121 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Transdigm Group by 4.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company’s stock valued at $504,840,000 after buying an additional 14,703 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Transdigm Group by 3.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 354,613 shares of the aerospace company’s stock valued at $490,533,000 after buying an additional 12,842 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Transdigm Group by 32.7% during the first quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company’s stock worth $378,917,000 after acquiring an additional 67,547 shares in the last quarter. Finally, Vulcan Value Partners LLC raised its holdings in shares of Transdigm Group by 5.6% in the 1st quarter. Vulcan Value Partners LLC now owns 249,026 shares of the aerospace company’s stock worth $344,543,000 after acquiring an additional 13,286 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Robert J. Small sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $1,276.98, for a total transaction of $6,384,900.00. Following the completion of the sale, the director owned 83,419 shares in the company, valued at $106,524,394.62. This trade represents a 5.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 2,736 shares of Transdigm Group stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $1,298.87, for a total transaction of $3,553,708.32. Following the completion of the sale, the director directly owned 21,548 shares in the company, valued at $27,988,050.76. This trade represents a 11.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 22,802 shares of company stock worth $29,917,993. 4.09% of the stock is owned by insiders.

Transdigm Group Price Performance

NYSE TDG opened at $1,284.99 on Friday. The business’s fifty day moving average is $1,296.85 and its 200-day moving average is $1,404.99. The stock has a market capitalization of $72.41 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 3.25 and a beta of 1.02. Transdigm Group Incorporated has a one year low of $1,183.60 and a one year high of $1,623.82.

Transdigm Group Increases Dividend

The business also recently announced a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were paid a $90.00 dividend. The ex-dividend date was Tuesday, September 2nd. This is a positive change from Transdigm Group’s previous special dividend of $75.00.

Analyst Upgrades and Downgrades

A number of analysts have commented on TDG shares. Morgan Stanley decreased their price objective on Transdigm Group from $1,750.00 to $1,600.00 and set an “overweight” rating for the company in a report on Wednesday, October 15th. Truist Financial cut their target price on Transdigm Group from $1,730.00 to $1,647.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Jefferies Financial Group lowered their price target on Transdigm Group from $1,650.00 to $1,490.00 and set a “buy” rating for the company in a research report on Wednesday, September 17th. Susquehanna cut their price objective on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Finally, Citigroup upped their target price on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,564.56.

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.