Mitsubishi UFJ Trust & Banking Corp Has $32.19 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Mitsubishi UFJ Trust & Banking Corp cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,403 shares of the aerospace company’s stock after selling 888 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in TransDigm Group were worth $32,193,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC grew its stake in TransDigm Group by 39.1% during the third quarter. Cerity Partners LLC now owns 7,269 shares of the aerospace company’s stock worth $10,373,000 after buying an additional 2,043 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of TransDigm Group during the 3rd quarter worth approximately $701,000. Avestar Capital LLC increased its stake in TransDigm Group by 14.8% in the third quarter. Avestar Capital LLC now owns 611 shares of the aerospace company’s stock valued at $872,000 after acquiring an additional 79 shares during the last quarter. BNP Paribas Financial Markets raised its position in TransDigm Group by 23.0% during the third quarter. BNP Paribas Financial Markets now owns 85,692 shares of the aerospace company’s stock valued at $122,294,000 after purchasing an additional 16,049 shares in the last quarter. Finally, Townsquare Capital LLC lifted its stake in TransDigm Group by 25.0% during the third quarter. Townsquare Capital LLC now owns 1,276 shares of the aerospace company’s stock worth $1,821,000 after purchasing an additional 255 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,394.83 on Thursday. The company has a market cap of $78.23 billion, a P/E ratio of 49.20, a PEG ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The stock has a 50 day simple moving average of $1,341.20 and a two-hundred day simple moving average of $1,328.69.

TransDigm Group (NYSE:TDG) last posted 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 during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.16 earnings per share. On average, research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the transaction, the director now owns 95,147 shares in the company, valued at approximately $127,042,177.34. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,896,144. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,594 shares of company stock valued at $165,646,468. Company insiders own 4.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TDG shares. Truist Financial upped their price objective on 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. Wells Fargo & Company lifted their price target on shares of TransDigm Group from $1,500.00 to $1,580.00 and gave the company an “overweight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research note on Monday, February 24th. Finally, Citigroup increased their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,477.18.

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.