Chevy Chase Trust Holdings LLC Sells 563 Shares of TransDigm Group Incorporated (NYSE:TDG)

Chevy Chase Trust Holdings LLC trimmed its position in TransDigm Group Incorporated (NYSE:TDG) by 1.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,652 shares of the aerospace company’s stock after selling 563 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of TransDigm Group worth $37,577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TDG. Asset Planning Inc acquired a new position in TransDigm Group during the 4th quarter valued at $11,328,000. V Square Quantitative Management LLC raised its stake in TransDigm Group by 10.1% during the 4th quarter. V Square Quantitative Management LLC now owns 174 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 16 shares during the last quarter. AMS Capital Ltda raised its stake in TransDigm Group by 97.9% during the 4th quarter. AMS Capital Ltda now owns 6,892 shares of the aerospace company’s stock valued at $8,734,000 after purchasing an additional 3,409 shares during the last quarter. Avestar Capital LLC raised its stake in TransDigm Group by 29.6% during the 4th quarter. Avestar Capital LLC now owns 792 shares of the aerospace company’s stock valued at $1,004,000 after purchasing an additional 181 shares during the last quarter. Finally, Marks Group Wealth Management Inc raised its stake in TransDigm Group by 6.4% during the 4th quarter. Marks Group Wealth Management Inc now owns 2,606 shares of the aerospace company’s stock valued at $3,303,000 after purchasing an additional 156 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,525 shares of company stock worth $139,851,401. 4.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TDG shares. KeyCorp boosted their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Barclays reissued an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Finally, Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,462.35.

TransDigm Group Stock Down 1.5 %

TDG opened at $1,315.29 on Friday. The business has a 50 day moving average of $1,300.07 and a 200-day moving average of $1,317.12. The stock has a market cap of $73.76 billion, a PE ratio of 46.39, a PEG ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted 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 negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the business earned $7.16 earnings per share. The company’s revenue was up 12.1% on a year-over-year basis. Equities analysts anticipate that TransDigm Group Incorporated will post 34.11 EPS for the current year.

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.