TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Atalan Capital Partners LP

Atalan Capital Partners LP lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 9.3% in the third quarter, HoldingsChannel.com reports. The firm owned 103,000 shares of the aerospace company’s stock after selling 10,500 shares during the quarter. TransDigm Group comprises 12.6% of Atalan Capital Partners LP’s holdings, making the stock its 3rd largest position. Atalan Capital Partners LP’s holdings in TransDigm Group were worth $146,994,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TDG. Bennett Selby Investments LP boosted its holdings in shares of TransDigm Group by 2.4% in the 2nd quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company’s stock valued at $429,000 after buying an additional 8 shares in the last quarter. Souders Financial Advisors increased its position in shares of TransDigm Group by 1.0% during the third quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock worth $1,137,000 after purchasing an additional 8 shares in the last quarter. Prosperity Financial Group Inc. lifted its holdings in shares of TransDigm Group by 3.6% in the 3rd quarter. Prosperity Financial Group Inc. now owns 230 shares of the aerospace company’s stock valued at $328,000 after purchasing an additional 8 shares during the last quarter. Csenge Advisory Group boosted its position in shares of TransDigm Group by 0.3% in the 2nd quarter. Csenge Advisory Group now owns 3,723 shares of the aerospace company’s stock valued at $4,757,000 after purchasing an additional 10 shares during the period. Finally, QRG Capital Management Inc. increased its position in TransDigm Group by 2.0% during the second quarter. QRG Capital Management Inc. now owns 560 shares of the aerospace company’s stock worth $715,000 after buying an additional 11 shares during the period. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TDG shares. Morgan Stanley boosted their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. KeyCorp lifted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 7th. Jefferies Financial Group cut their price objective on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, UBS Group cut their price target on 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. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,461.82.

TransDigm Group Stock Up 0.3 %

TransDigm Group stock opened at $1,252.97 on Monday. The firm has a market capitalization of $70.45 billion, a P/E ratio of 48.94, a PEG ratio of 2.82 and a beta of 1.43. The firm has a fifty day moving average of $1,346.89 and a 200-day moving average of $1,316.87. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32.

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given 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.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. The trade was a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,944 shares of company stock valued at $23,541,085 over the last quarter. Company insiders own 4.96% of the company’s stock.

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.