Atria Investments Inc Sells 91 Shares of TransDigm Group Incorporated (NYSE:TDG)

Atria Investments Inc cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 2.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 3,938 shares of the aerospace company’s stock after selling 91 shares during the quarter. Atria Investments Inc’s holdings in TransDigm Group were worth $4,991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in TransDigm Group in the 3rd quarter worth $29,000. Erste Asset Management GmbH acquired a new position in TransDigm Group in the 3rd quarter worth $29,000. Capital Advisors Ltd. LLC boosted its stake in TransDigm Group by 200.0% in the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont boosted its stake in TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares during the period. Finally, Versant Capital Management Inc boosted its stake in TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 18 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at $4,762,872. This represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 121,647 shares of company stock valued at $155,847,223 in the last three months. 4.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Citigroup boosted their price target on shares of 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. Barclays reissued an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Truist Financial boosted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,344.37 on Friday. The firm’s 50-day moving average is $1,318.97 and its 200-day moving average is $1,326.39. The stock has a market cap of $75.40 billion, a price-to-earnings ratio of 47.42, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 52-week low of $1,136.27 and a 52-week high of $1,451.32.

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

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.