Fifth Third Wealth Advisors LLC Grows Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Fifth Third Wealth Advisors LLC grew its stake in TransDigm Group Incorporated (NYSE:TDG) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 496 shares of the aerospace company’s stock after purchasing an additional 29 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in TransDigm Group were worth $629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc grew its holdings in TransDigm Group by 8.6% in the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after buying an additional 644 shares in the last quarter. JPMorgan Chase & Co. grew its holdings 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 valued at $2,851,160,000 after purchasing an additional 173,642 shares during the period. Westfield Capital Management Co. LP increased its position in TransDigm Group by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after purchasing an additional 8,655 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in TransDigm Group by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after purchasing an additional 7,947 shares during the period. Finally, Swiss National Bank boosted its holdings in TransDigm Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Price Performance

TDG stock opened at $1,320.63 on Friday. TransDigm Group Incorporated has a 1 year low of $1,025.01 and a 1 year high of $1,451.32. The firm has a market capitalization of $74.26 billion, a P/E ratio of 51.59, a P/E/G ratio of 2.84 and a beta of 1.38. The business’s 50-day moving average is $1,277.95 and its two-hundred day moving average is $1,305.97.

Insider Activity at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,525 shares of company stock valued at $108,692,621 over the last 90 days. 4.96% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on TDG shares. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Wells Fargo & Company decreased their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Finally, Citigroup lifted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,455.00.

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.