Vinva Investment Management Ltd Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Vinva Investment Management Ltd grew its position in TransDigm Group Incorporated (NYSE:TDG) by 25.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,637 shares of the aerospace company’s stock after buying an additional 329 shares during the quarter. Vinva Investment Management Ltd’s holdings in TransDigm Group were worth $2,297,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC increased its position in shares of TransDigm Group by 2.3% in the third quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock valued at $2,740,348,000 after buying an additional 43,604 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of TransDigm Group by 2.4% in 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 in the last quarter. Legal & General Group Plc increased its position in shares of TransDigm Group by 2.6% in the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after buying an additional 9,180 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of TransDigm Group by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 338,106 shares of the aerospace company’s stock valued at $482,521,000 after buying an additional 4,481 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of TransDigm Group by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock valued at $409,821,000 after buying an additional 1,035 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TDG shares. UBS Group decreased their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Northcoast Research started coverage on TransDigm Group in a research note on Thursday, August 1st. They set a “neutral” rating on the stock. KeyCorp increased their price objective on 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. Morgan Stanley increased their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

TransDigm Group Price Performance

NYSE TDG opened at $1,249.33 on Friday. The firm has a market capitalization of $70.25 billion, a P/E ratio of 48.80, a P/E/G ratio of 2.81 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 business’s 50-day simple moving average is $1,349.97 and its 200-day simple moving average is $1,316.58.

TransDigm Group Increases Dividend

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

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,944 shares of company stock valued at $23,541,085 in the last three months. Corporate 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.