Advent International L.P. Reduces Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Advent International L.P. reduced its holdings in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 60.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,924 shares of the aerospace company's stock after selling 69,550 shares during the quarter. TransDigm Group accounts for 1.4% of Advent International L.P.'s holdings, making the stock its 12th biggest position. Advent International L.P. owned about 0.08% of TransDigm Group worth $58,199,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Resonant Capital Advisors LLC grew its stake in TransDigm Group by 1.8% during the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after acquiring an additional 8 shares in the last quarter. Quent Capital LLC boosted its stake in shares of TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after buying an additional 8 shares during the period. Lindbrook Capital LLC increased its stake in shares of TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after acquiring an additional 8 shares during the last quarter. CX Institutional boosted its position in TransDigm Group by 5.4% during the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after purchasing an additional 9 shares during the last quarter. Finally, Western Financial Corp CA grew its stake in TransDigm Group by 0.6% in the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock valued at $1,902,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wells Fargo & Company reduced their target price on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. UBS Group upped their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a report on Wednesday. Truist Financial cut their target price on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Finally, Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective on the stock in a research note on Wednesday, April 9th. 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, the company currently has an average rating of "Moderate Buy" and an average target price of $1,467.35.

TransDigm Group Stock Performance

Shares of TDG traded up $8.01 during mid-day trading on Wednesday, reaching $1,399.87. The company had a trading volume of 125,898 shares, compared to its average volume of 258,111. The company has a market capitalization of $78.51 billion, a price-to-earnings ratio of 49.37, a P/E/G ratio of 2.76 and a beta of 1.09. The company's 50 day simple moving average is $1,352.62 and its 200 day simple moving average is $1,321.36. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business posted $7.99 earnings per share. TransDigm Group's quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $11,046,584.64. This trade represents a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the sale, the director now directly owns 95,147 shares of the company's stock, valued at $127,042,177.34. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,135 shares of company stock worth $240,122,586. Company insiders own 4.09% of the company's stock.

TransDigm Group Company 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.