Deutsche Bank Aktiengesellschaft Downgrades TransDigm Group (NYSE:TDG) to Hold

TransDigm Group (NYSE:TDG) was downgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report issued on Thursday, MarketBeat reports. They presently have a $1,348.00 price target on the aerospace company’s stock, down from their prior price target of $1,444.00. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 5.68% from the company’s previous close.

TDG has been the subject of several other research reports. Citigroup boosted their price objective 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. Wells Fargo & Company cut their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 11th. KeyCorp upped their price target 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. StockNews.com lowered shares of TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,452.00.

TransDigm Group Stock Up 1.7 %

Shares of TDG stock opened at $1,275.56 on Thursday. The company has a market capitalization of $71.72 billion, a P/E ratio of 49.83, a P/E/G ratio of 2.89 and a beta of 1.39. The firm has a 50-day moving average price of $1,286.86 and a 200 day moving average price of $1,308.30. TransDigm Group has a 12-month low of $974.05 and a 12-month high of $1,451.32.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total value of $4,205,250.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,525 shares of company stock worth $88,134,141 in the last ninety days. 4.96% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in shares of TransDigm Group during the second quarter worth about $57,000. Rothschild Investment LLC purchased a new stake in TransDigm Group in the 2nd quarter valued at about $80,000. Commonwealth Equity Services LLC increased its position in shares of TransDigm Group by 11.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 2,014 shares of the aerospace company’s stock valued at $2,573,000 after purchasing an additional 205 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of TransDigm Group by 1.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 4,805 shares of the aerospace company’s stock worth $6,139,000 after buying an additional 78 shares during the last quarter. Finally, Simon Quick Advisors LLC grew its position in TransDigm Group by 18.5% during the second quarter. Simon Quick Advisors LLC now owns 205 shares of the aerospace company’s stock valued at $262,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

About TransDigm Group

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.