Envestnet Portfolio Solutions Inc. Grows Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Envestnet Portfolio Solutions Inc. raised its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 9.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,434 shares of the aerospace company’s stock after purchasing an additional 365 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in TransDigm Group were worth $5,619,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TDG. Erste Asset Management GmbH bought a new position in shares of TransDigm Group during the third quarter valued at about $29,000. Capital Advisors Ltd. LLC grew its stake in shares of TransDigm Group by 200.0% during the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after buying an additional 16 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of TransDigm Group by 150.0% during the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock valued at $32,000 after buying an additional 15 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of TransDigm Group by 225.0% during the fourth quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock valued at $33,000 after buying an additional 18 shares during the last quarter. Finally, Sachetta LLC grew its stake in shares of TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company’s stock valued at $44,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total transaction of $25,344,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,594 shares of company stock worth $165,337,618. Insiders own 4.09% of the company’s stock.

Analysts Set New Price Targets

TDG has been the topic of a number of recent research reports. UBS Group raised TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective on the stock in a research note on Monday, February 24th. Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Truist Financial raised their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Citigroup raised their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company raised TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,472.47.

TransDigm Group Stock Performance

TDG stock opened at $1,341.80 on Wednesday. The firm has a 50 day moving average price of $1,330.19 and a 200-day moving average price of $1,327.02. 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 $75.25 billion, a price-to-earnings ratio of 47.33, a PEG ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the business earned $7.16 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal 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.