Pier 88 Investment Partners LLC Sells 2,520 Shares of TransDigm Group Incorporated (NYSE:TDG)

Pier 88 Investment Partners LLC lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 88.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 325 shares of the aerospace company’s stock after selling 2,520 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in TransDigm Group were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of TransDigm Group by 26.5% in the fourth quarter. Wellington Management Group LLP now owns 2,419 shares of the aerospace company’s stock valued at $3,066,000 after purchasing an additional 506 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in TransDigm Group by 24.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,394 shares of the aerospace company’s stock valued at $5,568,000 after purchasing an additional 858 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in shares of TransDigm Group by 15.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 200,469 shares of the aerospace company’s stock worth $257,065,000 after buying an additional 26,939 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of TransDigm Group by 17.8% in the 4th quarter. Schroder Investment Management Group now owns 63,125 shares of the aerospace company’s stock worth $79,997,000 after buying an additional 9,554 shares during the last quarter. Finally, Allianz SE bought a new position in shares of TransDigm Group in the 4th quarter valued at about $3,320,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the 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 completion of the sale, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,896,144. This represents a 45.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at approximately $27,942,799.96. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,594 shares of company stock worth $165,646,468 over the last 90 days. Company insiders own 4.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Citigroup boosted their price objective 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. Truist Financial increased their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. UBS Group raised shares of 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. 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. Finally, Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,477.18.

TransDigm Group Trading Down 0.5 %

Shares of TransDigm Group stock opened at $1,377.22 on Monday. The stock’s fifty day moving average price is $1,343.19 and its 200-day moving average price is $1,329.73. The firm has a market cap of $77.24 billion, a P/E ratio of 48.58, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 12 month low of $1,176.31 and a 12 month high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 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 business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the previous year, the business posted $7.16 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share 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.