TransDigm Group Incorporated (NYSE:TDG) Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,554 shares of the aerospace company’s stock after purchasing an additional 385 shares during the period. CIBC Asset Management Inc’s holdings in TransDigm Group were worth $10,840,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TDG. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in TransDigm Group by 3.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock valued at $391,918,000 after purchasing an additional 7,947 shares during the last quarter. JPMorgan Chase & Co. lifted its position in TransDigm Group by 9.5% in the 3rd 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 last quarter. Westfield Capital Management Co. LP lifted its position in TransDigm Group by 2.4% in the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after purchasing an additional 8,655 shares during the last quarter. Swiss National Bank lifted its position 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. Finally, Prime Capital Investment Advisors LLC lifted its position in TransDigm Group by 15.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 3,880 shares of the aerospace company’s stock valued at $5,537,000 after purchasing an additional 514 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TDG opened at $1,299.66 on Wednesday. The company’s 50 day moving average price is $1,301.98 and its 200 day moving average price is $1,318.55. TransDigm Group Incorporated has a 52 week low of $1,136.27 and a 52 week high of $1,451.32. The company has a market capitalization of $72.88 billion, a PE ratio of 45.84, a PEG ratio of 2.86 and a beta of 1.40.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $7.16 earnings per share. On average, equities analysts forecast that TransDigm Group Incorporated will post 34.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of the business’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 directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 3,650 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $1,322.19, for a total transaction of $4,825,993.50. Following the completion of the sale, the director now owns 15,539 shares of the company’s stock, valued at $20,545,510.41. The trade was a 19.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 113,175 shares of company stock valued at $144,677,394 over the last ninety days. Corporate insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

TDG has been the topic of several recent research reports. Truist Financial lifted their price objective on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company upgraded shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

TransDigm Group 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.