Wellington Management Group LLP Sells 208 Shares of TransDigm Group Incorporated (NYSE:TDG)

Wellington Management Group LLP cut its position in TransDigm Group Incorporated (NYSE:TDG) by 8.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,161 shares of the aerospace company’s stock after selling 208 shares during the quarter. Wellington Management Group LLP’s holdings in TransDigm Group were worth $1,822,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of TransDigm Group by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 5,602,332 shares of the aerospace company’s stock worth $3,650,144,000 after acquiring an additional 117,137 shares in the last quarter. Deutsche Bank AG increased its position in shares of TransDigm Group by 1,947.8% during the third quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock worth $2,859,376,000 after purchasing an additional 3,225,771 shares in the last quarter. State Street Corp lifted its holdings in shares of TransDigm Group by 2.0% during the 2nd quarter. State Street Corp now owns 2,061,845 shares of the aerospace company’s stock valued at $1,843,640,000 after purchasing an additional 39,677 shares during the last quarter. FMR LLC boosted its position in shares of TransDigm Group by 9.0% in the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock worth $1,392,355,000 after purchasing an additional 136,834 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock worth $933,765,000 after buying an additional 349,409 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Truist Financial increased their price target on TransDigm Group from $1,158.00 to $1,267.00 and gave the company a “buy” rating in a research note on Friday, February 9th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. Stifel Nicolaus upped their price target on shares of TransDigm Group from $1,000.00 to $1,050.00 and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Royal Bank of Canada lifted their price objective on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, The Goldman Sachs Group upped their target price on TransDigm Group from $1,164.00 to $1,285.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,119.00.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 38,863 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $1,015.05, for a total transaction of $39,447,888.15. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $21,872,297.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $1,022.29, for a total value of $3,066,870.00. Following the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $3,680,244. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 38,863 shares of TransDigm Group stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $1,015.05, for a total transaction of $39,447,888.15. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $21,872,297.40. The disclosure for this sale can be found here. Insiders have sold a total of 91,480 shares of company stock valued at $100,102,829 over the last ninety days. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

Shares of NYSE TDG opened at $1,233.80 on Thursday. The firm’s 50 day simple moving average is $1,147.01 and its 200-day simple moving average is $1,002.65. TransDigm Group Incorporated has a 12 month low of $711.69 and a 12 month high of $1,238.34. The stock has a market capitalization of $68.61 billion, a price-to-earnings ratio of 52.37, a PEG ratio of 2.56 and a beta of 1.42.

TransDigm Group (NYSE:TDG) last released its quarterly earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share for the quarter, topping analysts’ consensus estimates of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the prior year, the firm posted $4.15 EPS. TransDigm Group’s quarterly revenue was up 28.1% compared to the same quarter last year. Analysts anticipate that TransDigm Group Incorporated will post 28.98 earnings per share 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.