BI Asset Management Fondsmaeglerselskab A S Has $4.33 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

BI Asset Management Fondsmaeglerselskab A S reduced its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 13.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,417 shares of the aerospace company’s stock after selling 510 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in TransDigm Group were worth $4,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in TransDigm Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company’s stock worth $7,946,863,000 after acquiring an additional 79,284 shares during the last quarter. Capital World Investors grew its stake in shares of TransDigm Group by 4.3% in the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company’s stock worth $4,805,434,000 after purchasing an additional 155,541 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in TransDigm Group by 10.4% in the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company’s stock valued at $2,793,908,000 after purchasing an additional 206,822 shares during the period. Principal Financial Group Inc. raised its position in TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company’s stock worth $2,694,585,000 after purchasing an additional 185,422 shares during the last quarter. Finally, FMR LLC lifted its holdings in TransDigm Group by 0.3% during the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company’s stock worth $2,440,268,000 after buying an additional 5,414 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TDG shares. Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. Northcoast Research upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Truist Financial decreased their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research report on Thursday. Barclays restated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Finally, UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,464.41.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 40,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the completion of the sale, the director now owns 98,185 shares in the company, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $4,896,144. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock worth $167,165,496 over the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

TransDigm Group Trading Down 0.1 %

TransDigm Group stock opened at $1,335.27 on Monday. The firm has a market capitalization of $74.89 billion, a price-to-earnings ratio of 47.10, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08. The firm’s fifty day moving average price is $1,336.96 and its two-hundred day moving average price is $1,320.52. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping analysts’ consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $7.16 EPS. On average, research analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

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.