Comerica Bank Lowers Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Comerica Bank decreased its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 14.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,847 shares of the aerospace company's stock after selling 2,995 shares during the quarter. Comerica Bank's holdings in TransDigm Group were worth $22,618,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TDG. Capital Advisors Ltd. LLC raised 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 acquiring an additional 16 shares in the last quarter. Trust Co. of Vermont raised its position in TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after purchasing an additional 15 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of TransDigm Group by 225.0% in the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock worth $33,000 after buying an additional 18 shares during the period. Meeder Asset Management Inc. grew its position in shares of TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after buying an additional 21 shares in the last quarter. Finally, Sachetta LLC increased 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 period. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Trading Up 1.0 %

Shares of NYSE:TDG traded up $14.20 on Friday, hitting $1,448.39. 384,994 shares of the company were exchanged, compared to its average volume of 256,476. The stock's 50 day moving average price is $1,348.86 and its 200 day moving average price is $1,320.89. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,468.00. The firm has a market capitalization of $81.23 billion, a P/E ratio of 51.09, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the previous year, the business earned $7.16 EPS. The company's quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company's stock, valued at $4,762,872. The trade was a 45.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 124,894 shares of company stock worth $167,450,256. 4.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TDG. Truist Financial dropped their target price on shares of 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. UBS Group upgraded shares of 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. Susquehanna boosted their price objective on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. Finally, Barclays restated an "equal weight" rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,464.41.

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.