Choate Investment Advisors Boosts Position in TransDigm Group Incorporated (NYSE:TDG)

Choate Investment Advisors grew its position in TransDigm Group Incorporated (NYSE:TDG) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 478 shares of the aerospace company’s stock after buying an additional 34 shares during the quarter. Choate Investment Advisors’ holdings in TransDigm Group were worth $606,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc increased its holdings in TransDigm Group by 8.6% during the 3rd quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after acquiring an additional 644 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of TransDigm Group by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock valued at $391,918,000 after purchasing an additional 7,947 shares during the last quarter. Westfield Capital Management Co. LP increased its stake in shares of TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after purchasing an additional 8,655 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. Finally, Swiss National Bank lifted its stake in TransDigm Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock valued at $237,046,000 after buying an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Stock Up 1.3 %

TDG opened at $1,346.98 on Monday. TransDigm Group Incorporated has a 52-week low of $1,163.82 and a 52-week high of $1,451.32. The company has a 50 day moving average of $1,326.27 and a two-hundred day moving average of $1,327.28. The company has a market cap of $75.55 billion, a P/E ratio of 47.51, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last announced its quarterly 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. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $7.16 EPS. Research analysts anticipate that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total value of $7,095,925.44. Following the completion of the transaction, the director now directly owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This represents a 20.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 123,594 shares of company stock worth $164,002,398. 4.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TDG shares. Truist Financial boosted their price target on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Barclays reiterated an “equal weight” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Finally, Citigroup raised their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,472.47.

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.