TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC lowered its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,867 shares of the aerospace company’s stock after selling 478 shares during the quarter. TransDigm Group comprises about 1.5% of Douglas Lane & Associates LLC’s holdings, making the stock its 14th largest position. Douglas Lane & Associates LLC’s holdings in TransDigm Group were worth $103,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Souders Financial Advisors lifted its stake in shares of TransDigm Group by 1.0% in the 3rd quarter. Souders Financial Advisors now owns 797 shares of the aerospace company’s stock valued at $1,137,000 after purchasing an additional 8 shares in the last quarter. Prosperity Financial Group Inc. raised its stake 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 acquiring an additional 8 shares during the period. DT Investment Partners LLC lifted its holdings in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after acquiring an additional 11 shares in the last quarter. Wellington Management Group LLP boosted its position in TransDigm Group by 0.6% during the 3rd quarter. Wellington Management Group LLP now owns 1,913 shares of the aerospace company’s stock worth $2,730,000 after purchasing an additional 11 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in TransDigm Group by 7.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 171 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 12 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $5,046,300. The trade was a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now owns 567,323 shares of the company’s stock, valued at $708,461,615.94. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 69,525 shares of company stock worth $88,134,141 over the last ninety days. 4.96% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. KeyCorp boosted their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus target price of $1,452.00.

TransDigm Group Price Performance

Shares of NYSE TDG traded up $27.12 during midday trading on Wednesday, hitting $1,279.25. 185,996 shares of the company’s stock were exchanged, compared to its average volume of 250,300. TransDigm Group Incorporated has a twelve month low of $985.29 and a twelve month high of $1,451.32. The stock’s 50 day moving average price is $1,283.44 and its 200-day moving average price is $1,306.84. The firm has a market cap of $71.93 billion, a P/E ratio of 49.97, a PEG ratio of 2.89 and a beta of 1.38.

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.