CIBC Private Wealth Group LLC Raises Stake in TransDigm Group Incorporated (NYSE:TDG)

CIBC Private Wealth Group LLC lifted its position in TransDigm Group Incorporated (NYSE:TDG) by 15.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,469 shares of the aerospace company’s stock after purchasing an additional 26,939 shares during the period. CIBC Private Wealth Group LLC owned about 0.36% of TransDigm Group worth $257,065,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TDG. Erste Asset Management GmbH purchased a new stake in TransDigm Group in the 3rd quarter worth $29,000. Capital Advisors Ltd. LLC boosted its stake in shares of TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 16 shares during the period. 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 worth $32,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc raised its stake in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 18 shares during the period. Finally, Sachetta LLC lifted its holdings in TransDigm Group by 105.9% in the 4th quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 18 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. This represents a 71.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,896,144. The trade was a 45.45 % 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 valued at $165,646,468 in the last 90 days. Company insiders own 4.09% of the company’s stock.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,377.22 on Friday. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,451.32. The firm has a 50-day simple moving average of $1,343.19 and a two-hundred day simple moving average of $1,329.72. The company has a market cap of $77.24 billion, a P/E ratio of 48.58, a PEG ratio of 2.76 and a beta of 1.38.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TDG shares. Barclays reiterated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a report on Monday, February 24th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Finally, Citigroup lifted their price objective on 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. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and an average target price of $1,477.18.

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.