TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,436 shares of the aerospace company’s stock after selling 187 shares during the quarter. TransDigm Group comprises 1.4% of Sustainable Insight Capital Management LLC’s holdings, making the stock its 24th largest position. Sustainable Insight Capital Management LLC’s holdings in TransDigm Group were worth $3,087,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of TDG. Thrivent Financial for Lutherans boosted its holdings in TransDigm Group by 188.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 8,622 shares of the aerospace company’s stock valued at $11,016,000 after purchasing an additional 5,629 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in TransDigm Group by 7.5% during the second quarter. EverSource Wealth Advisors LLC now owns 171 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 12 shares during the last quarter. Public Sector Pension Investment Board raised its position in TransDigm Group by 76.2% in the second quarter. Public Sector Pension Investment Board now owns 2,153 shares of the aerospace company’s stock valued at $2,751,000 after purchasing an additional 931 shares during the period. Insigneo Advisory Services LLC increased its position in shares of TransDigm Group by 31.6% during the 2nd quarter. Insigneo Advisory Services LLC now owns 346 shares of the aerospace company’s stock worth $418,000 after purchasing an additional 83 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in TransDigm Group in the second quarter valued at about $11,353,000. 95.78% of the stock is owned by institutional investors and hedge funds.

TransDigm Group Stock Down 0.3 %

Shares of NYSE TDG opened at $1,349.55 on Friday. The firm has a 50-day moving average price of $1,276.73 and a 200 day moving average price of $1,308.34. TransDigm Group Incorporated has a 52 week low of $1,058.94 and a 52 week high of $1,451.32. The stock has a market capitalization of $75.89 billion, a price-to-earnings ratio of 52.72, a price-to-earnings-growth ratio of 3.06 and a beta of 1.38.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TDG. Truist Financial increased their price objective 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. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their target price 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. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, KeyCorp lifted their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, TransDigm Group has a consensus rating of “Moderate Buy” and a consensus price target of $1,455.00.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on 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 $4,525,524. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 89,525 shares of company stock valued at $112,769,801 in the last quarter. 4.96% of the stock is currently owned by corporate insiders.

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.