NatWest Group plc Reduces Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

NatWest Group plc cut its holdings in TransDigm Group Incorporated (NYSE:TDG) by 96.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 191 shares of the aerospace company’s stock after selling 5,493 shares during the period. NatWest Group plc’s holdings in TransDigm Group were worth $242,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TDG. State Street Corp lifted its holdings in shares of TransDigm Group by 1.3% in the third quarter. State Street Corp now owns 2,229,199 shares of the aerospace company’s stock valued at $3,181,357,000 after purchasing an additional 29,489 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. FMR LLC lifted its stake in TransDigm Group by 2.3% in the 3rd 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. Geode Capital Management LLC grew its holdings in TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company’s stock valued at $1,612,583,000 after buying an additional 19,314 shares during the last quarter. Finally, Windacre Partnership LLC increased its position in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock worth $1,038,951,000 after buying an additional 217,700 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Price Performance

TransDigm Group stock opened at $1,329.35 on Friday. TransDigm Group Incorporated has a 12 month low of $1,100.86 and a 12 month high of $1,451.32. The company has a market cap of $74.56 billion, a price-to-earnings ratio of 46.89, a price-to-earnings-growth ratio of 2.86 and a beta of 1.40. The stock’s 50-day moving average is $1,293.18 and its 200-day moving average is $1,313.89.

TransDigm Group (NYSE:TDG) last released its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.16 earnings per share. Research analysts anticipate that TransDigm Group Incorporated will post 34.11 EPS for the current year.

Insider Activity at TransDigm Group

In related news, Director Robert J. Small sold 38,053 shares of TransDigm Group stock in a transaction on 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 89,525 shares of company stock worth $112,769,801. Corporate insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Citigroup upped their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $1,375.00 to $1,500.00 in a research note on Friday. Finally, KeyCorp lifted their target price on shares of 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. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,462.35.

TransDigm Group Company 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.