National Bank of Canada FI Sells 2,860 Shares of TransDigm Group Incorporated (NYSE:TDG)

National Bank of Canada FI lowered its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,974 shares of the aerospace company’s stock after selling 2,860 shares during the period. National Bank of Canada FI owned approximately 0.05% of TransDigm Group worth $36,719,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of TransDigm Group by 9.5% during 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 acquiring an additional 173,642 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in TransDigm Group by 7.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company’s stock valued at $23,295,000 after purchasing an additional 1,086 shares in the last quarter. Unigestion Holding SA purchased a new position in TransDigm Group in the third quarter worth about $1,476,000. Triasima Portfolio Management inc. bought a new position in shares of TransDigm Group in the fourth quarter worth approximately $911,000. Finally, HighTower Advisors LLC grew its holdings in shares of TransDigm Group by 82.9% during the third quarter. HighTower Advisors LLC now owns 15,216 shares of the aerospace company’s stock valued at $21,663,000 after buying an additional 6,895 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Stock Performance

Shares of TransDigm Group stock opened at $1,400.28 on Thursday. The stock has a market cap of $78.53 billion, a P/E ratio of 49.39, a P/E/G ratio of 2.76 and a beta of 1.38. The stock’s fifty day moving average is $1,345.69 and its 200 day moving average is $1,330.65. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate 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 negative return on equity of 42.87% and a net margin of 20.76%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $7.16 earnings per share. Analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,892,616. This represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the transaction, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,337,899.18. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $165,646,468 over the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TDG has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft downgraded 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. Citigroup lifted their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Truist Financial lifted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,480.12.

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.