Catalyst Capital Advisors LLC Lowers Holdings in TransDigm Group Incorporated (NYSE:TDG)

Catalyst Capital Advisors LLC trimmed its holdings in TransDigm Group Incorporated (NYSE:TDG) by 2.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,381 shares of the aerospace company’s stock after selling 75 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in TransDigm Group were worth $4,285,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. First Personal Financial Services bought a new position in shares of TransDigm Group during the third quarter worth $29,000. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the 3rd quarter worth $29,000. Trust Co. of Vermont grew its position in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of TransDigm Group by 225.0% in the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 18 shares during the last quarter. Finally, DT Investment Partners LLC increased its holdings in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 11 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now directly owns 567,323 shares in the company, valued at $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 109,525 shares of company stock valued at $139,851,401 over the last quarter. 4.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Truist Financial raised their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. KeyCorp upped their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Citigroup lifted their price objective on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Barclays restated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Seven 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 $1,462.35.

TransDigm Group Trading Down 1.5 %

NYSE:TDG opened at $1,315.29 on Monday. The stock has a fifty day simple moving average of $1,300.84 and a 200-day simple moving average of $1,318.04. The company has a market cap of $73.76 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion during 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 firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $7.16 EPS. As a group, equities research analysts predict that TransDigm Group Incorporated will post 34.11 EPS for the current fiscal year.

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.