Swiss Life Asset Management Ltd grew its holdings in shares of Transdigm Group Incorporated (NYSE:TDG – Free Report) by 7.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 6,634 shares of the aerospace company’s stock after acquiring an additional 474 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Transdigm Group were worth $8,744,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Salomon & Ludwin LLC acquired a new position in shares of Transdigm Group during the third quarter valued at $26,000. Wealth Watch Advisors INC bought a new position in Transdigm Group in the 3rd quarter valued at about $34,000. Pinnacle Holdings LLC bought a new position in Transdigm Group in the 3rd quarter valued at about $41,000. Security National Bank acquired a new position in Transdigm Group during the 3rd quarter valued at about $53,000. Finally, Ameritas Advisory Services LLC increased its stake in Transdigm Group by 38.7% during the 3rd quarter. Ameritas Advisory Services LLC now owns 43 shares of the aerospace company’s stock valued at $56,000 after buying an additional 12 shares during the period. Institutional investors own 95.78% of the company’s stock.
Transdigm Group Trading Down 1.1%
NYSE:TDG opened at $1,178.62 on Friday. The business’s fifty day moving average price is $1,327.36 and its 200 day moving average price is $1,316.78. The firm has a market capitalization of $66.56 billion, a price-to-earnings ratio of 37.92, a PEG ratio of 2.50 and a beta of 0.93. Transdigm Group Incorporated has a 1-year low of $1,169.36 and a 1-year high of $1,623.82.
Insider Buying and Selling at Transdigm Group
In other Transdigm Group news, COO Joel Reiss sold 3,900 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $1,243.70, for a total value of $4,850,430.00. Following the completion of the sale, the chief operating officer owned 3,600 shares in the company, valued at $4,477,320. This represents a 52.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Patrick Joseph Murphy sold 290 shares of Transdigm Group stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $1,430.10, for a total transaction of $414,729.00. Following the sale, the chief operating officer directly owned 1,055 shares of the company’s stock, valued at $1,508,755.50. This trade represents a 21.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 126,680 shares of company stock valued at $174,863,016 in the last 90 days. Corporate insiders own 3.20% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on TDG. Robert W. Baird reaffirmed a “neutral” rating and issued a $1,400.00 price target on shares of Transdigm Group in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Transdigm Group in a research note on Monday, December 29th. KeyCorp cut Transdigm Group from an “overweight” rating to a “sector weight” rating in a report on Thursday, February 5th. Zacks Research upgraded Transdigm Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, UBS Group decreased their price target on Transdigm Group from $1,804.00 to $1,800.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,584.44.
Get Our Latest Analysis on Transdigm Group
Transdigm Group Profile
TransDigm Group Incorporated is a designer, producer and supplier of engineered aircraft components and systems for commercial and military aerospace applications. The company’s product portfolio covers a broad range of mission-critical parts and subsystems, including mechanical and electromechanical components, ignition and fuel system parts, sensors and actuators, cockpit and cabin systems, and other safety-critical hardware. TransDigm supplies original equipment manufacturers (OEMs) as well as the aftermarket, providing spare parts, repair and overhaul services and component support throughout an asset’s life cycle.
TransDigm’s operating model places emphasis on proprietary, niche components that are difficult to replace, and the company operates through a collection of independently run subsidiaries and brands that sell specialized products.
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