TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in TransDigm Group Incorporated (NYSE:TDG) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,204,649 shares of the aerospace company’s stock after buying an additional 206,822 shares during the period. JPMorgan Chase & Co. owned about 3.93% of TransDigm Group worth $2,793,908,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TDG. Cerity Partners LLC increased its stake in TransDigm Group by 39.1% in the 3rd quarter. Cerity Partners LLC now owns 7,269 shares of the aerospace company’s stock valued at $10,373,000 after buying an additional 2,043 shares during the period. DRW Securities LLC acquired a new stake in shares of TransDigm Group in the third quarter valued at approximately $701,000. Avestar Capital LLC increased its position in TransDigm Group by 14.8% during the third quarter. Avestar Capital LLC now owns 611 shares of the aerospace company’s stock worth $872,000 after buying an additional 79 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in TransDigm Group by 23.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 85,692 shares of the aerospace company’s stock valued at $122,294,000 after purchasing an additional 16,049 shares in the last quarter. Finally, Townsquare Capital LLC boosted its position in TransDigm Group by 25.0% during the third quarter. Townsquare Capital LLC now owns 1,276 shares of the aerospace company’s stock worth $1,821,000 after acquiring an additional 255 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

TDG opened at $1,394.83 on Thursday. The company has a market capitalization of $78.23 billion, a P/E ratio of 49.20, a P/E/G ratio of 2.76 and a beta of 1.38. The firm’s fifty day moving average price is $1,341.20 and its two-hundred day moving average price is $1,328.69. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $7.16 EPS. On average, equities research analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Activity

In other news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the sale, the director now owns 95,147 shares in the company, valued at $127,042,177.34. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock worth $165,646,468 in the last 90 days. Corporate insiders own 4.09% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Citigroup increased their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Wells Fargo & Company upped their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Finally, Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,477.18.

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.