ClearAlpha Technologies LP Reduces Holdings in TransDigm Group Incorporated (NYSE:TDG)

ClearAlpha Technologies LP cut its holdings in TransDigm Group Incorporated (NYSE:TDG) by 23.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 347 shares of the aerospace company’s stock after selling 106 shares during the period. ClearAlpha Technologies LP’s holdings in TransDigm Group were worth $440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Advisors Ltd. LLC boosted its stake in TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock worth $30,000 after buying an additional 16 shares during the period. Trust Co. of Vermont boosted its position in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares during the period. Versant Capital Management Inc boosted its position in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 18 shares during the period. Meeder Asset Management Inc. increased its holdings in TransDigm Group by 210.0% in the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 21 shares during the last quarter. Finally, Sachetta LLC raised its position in TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 95,147 shares in the company, valued at $127,042,177.34. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $28,355,659.64. The trade was a 20.25 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,594 shares of company stock valued at $167,165,496. 4.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TDG shares. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. 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. Susquehanna raised their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Wednesday, April 2nd. Truist Financial lowered their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a report on Thursday. Finally, Wells Fargo & Company dropped their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,464.41.

TransDigm Group Trading Down 0.1 %

TransDigm Group stock opened at $1,335.27 on Monday. The stock has a fifty day moving average price of $1,336.96 and a 200 day moving average price of $1,320.52. TransDigm Group Incorporated has a 52 week low of $1,176.31 and a 52 week high of $1,451.32. The firm has a market capitalization of $74.89 billion, a P/E ratio of 47.10, a PEG ratio of 2.76 and a beta of 1.08.

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

TransDigm Group 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.