TransDigm Group Incorporated (NYSE:TDG) Position Raised by Simon Quick Advisors LLC

Simon Quick Advisors LLC raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 23.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 278 shares of the aerospace company’s stock after purchasing an additional 52 shares during the quarter. Simon Quick Advisors LLC’s holdings in TransDigm Group were worth $352,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TDG. Atomi Financial Group Inc. boosted its stake in TransDigm Group by 20.4% during the fourth quarter. Atomi Financial Group Inc. now owns 236 shares of the aerospace company’s stock valued at $299,000 after buying an additional 40 shares in the last quarter. Solidarity Wealth LLC lifted its holdings in TransDigm Group by 5.5% in the 4th quarter. Solidarity Wealth LLC now owns 1,927 shares of the aerospace company’s stock valued at $2,442,000 after acquiring an additional 100 shares during the last quarter. Aspiriant LLC boosted its position in shares of TransDigm Group by 0.6% during the 4th quarter. Aspiriant LLC now owns 2,013 shares of the aerospace company’s stock valued at $2,551,000 after purchasing an additional 12 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of TransDigm Group by 20.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 2,584 shares of the aerospace company’s stock worth $3,275,000 after purchasing an additional 434 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of TransDigm Group by 4.2% in the 4th quarter. Ballentine Partners LLC now owns 370 shares of the aerospace company’s stock worth $469,000 after purchasing an additional 15 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the sale, the director now owns 21,548 shares in the company, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 89,525 shares of company stock worth $112,769,801. 4.96% of the stock is owned by insiders.

TransDigm Group Stock Down 0.3 %

NYSE:TDG opened at $1,349.55 on Friday. The company’s 50 day moving average is $1,276.73 and its 200-day moving average is $1,308.34. TransDigm Group Incorporated has a 12 month low of $1,058.94 and a 12 month high of $1,451.32. The firm has a market cap of $75.89 billion, a price-to-earnings ratio of 52.72, a P/E/G ratio of 3.07 and a beta of 1.38.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Wells Fargo & Company cut their price objective on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. Truist Financial lifted their target price 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. Barclays restated an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a research report on Monday, January 6th. Finally, KeyCorp boosted their target price on shares of 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. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, TransDigm Group currently has an average rating of “Moderate Buy” and a consensus price target of $1,455.00.

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.