Harvest Fund Management Co. Ltd Trims Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Harvest Fund Management Co. Ltd trimmed its stake in TransDigm Group Incorporated (NYSE:TDG) by 51.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157 shares of the aerospace company’s stock after selling 167 shares during the period. Harvest Fund Management Co. Ltd’s holdings in TransDigm Group were worth $224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Prosperity Financial Group Inc. boosted its stake in TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 8 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of TransDigm Group by 14.7% in the third quarter. Daiwa Securities Group Inc. now owns 6,938 shares of the aerospace company’s stock worth $9,901,000 after buying an additional 888 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of TransDigm Group by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after buying an additional 8,655 shares during the last quarter. Cerity Partners LLC increased its position in shares of TransDigm Group by 39.1% during the third quarter. Cerity Partners LLC now owns 7,269 shares of the aerospace company’s stock valued at $10,373,000 after acquiring an additional 2,043 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its holdings in TransDigm Group by 9.6% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 1,360 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TDG. Northcoast Research started coverage on TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. JPMorgan Chase & Co. boosted their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Susquehanna raised their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. UBS Group decreased their price objective on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, TransDigm Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,461.82.

Insider Activity

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock worth $23,541,085 over the last ninety days. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

TDG opened at $1,261.06 on Wednesday. The firm has a market cap of $70.91 billion, a P/E ratio of 49.26, a PEG ratio of 2.84 and a beta of 1.43. TransDigm Group Incorporated has a 1-year low of $949.99 and a 1-year high of $1,451.32. The company has a 50 day simple moving average of $1,355.24 and a two-hundred day simple moving average of $1,317.52.

TransDigm Group Increases Dividend

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

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.