TransDigm Group Incorporated (NYSE:TDG) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in TransDigm Group Incorporated (NYSE:TDG) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 274,620 shares of the aerospace company’s stock after purchasing an additional 7,947 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in TransDigm Group were worth $391,918,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TDG. Darsana Capital Partners LP purchased a new stake in shares of TransDigm Group in the second quarter valued at about $210,806,000. International Assets Investment Management LLC boosted its holdings in shares of TransDigm Group by 108,517.8% in the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after acquiring an additional 48,833 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of TransDigm Group by 2,868.8% in the second quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock valued at $60,136,000 after acquiring an additional 48,769 shares in the last quarter. FMR LLC boosted its holdings in shares of TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after acquiring an additional 43,604 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of TransDigm Group by 36.9% in the third quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock valued at $172,506,000 after acquiring an additional 32,609 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock valued at $23,541,085 over the last 90 days. Insiders own 4.96% of the company’s stock.

TransDigm Group Trading Down 1.1 %

Shares of TDG opened at $1,249.33 on Friday. The stock has a market cap of $70.25 billion, a P/E ratio of 48.80, a PEG ratio of 2.81 and a beta of 1.43. The company has a 50-day moving average of $1,349.97 and a two-hundred day moving average of $1,316.58. TransDigm Group Incorporated has a 12-month low of $949.99 and a 12-month high of $1,451.32.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a $75.00 dividend. The ex-dividend date of this dividend was Friday, October 4th. This is a positive change from TransDigm Group’s previous special dividend of $32.50.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TDG. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Northcoast Research began coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating on the stock. Jefferies Financial Group decreased their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Citigroup decreased their price objective on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

About TransDigm Group

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.