Amundi Grows Stake in TransDigm Group Incorporated (NYSE:TDG)

Amundi raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 213.5% during the fourth quarter, Holdings Channel reports. The fund owned 24,017 shares of the aerospace company’s stock after buying an additional 16,355 shares during the period. Amundi’s holdings in TransDigm Group were worth $30,797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Dorsey & Whitney Trust CO LLC boosted its stake in TransDigm Group by 6.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 803 shares of the aerospace company’s stock valued at $1,018,000 after acquiring an additional 48 shares during the last quarter. HM Payson & Co. purchased a new position in TransDigm Group in the fourth quarter valued at about $181,000. AMF Tjanstepension AB purchased a new position in TransDigm Group in the fourth quarter valued at about $18,923,000. Banco Santander S.A. boosted its stake in TransDigm Group by 75.0% in the fourth quarter. Banco Santander S.A. now owns 1,671 shares of the aerospace company’s stock valued at $2,118,000 after acquiring an additional 716 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in TransDigm Group by 126.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 67,559 shares of the aerospace company’s stock valued at $85,616,000 after acquiring an additional 37,678 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert J. Small sold 40,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total transaction of $53,832,400.00. Following the completion of the sale, the director now directly owns 98,185 shares of the company’s stock, valued at $132,138,354.85. This trade represents a 28.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 123,594 shares of company stock valued at $164,002,398 in the last quarter. Insiders own 4.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $1,375.00 to $1,500.00 in a research report on Friday, February 7th. 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 research 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 research report on Monday, January 6th. Finally, StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group Trading Up 0.5 %

TransDigm Group stock opened at $1,326.51 on Thursday. The firm’s 50 day simple moving average is $1,323.34 and its 200 day simple moving average is $1,326.99. The firm has a market capitalization of $74.40 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $1,163.82 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.16 EPS. Research analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share 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.