Cresset Asset Management LLC Sells 2,868 Shares of TransDigm Group Incorporated (NYSE:TDG)

Cresset Asset Management LLC lessened its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 67.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,375 shares of the aerospace company's stock after selling 2,868 shares during the quarter. Cresset Asset Management LLC's holdings in TransDigm Group were worth $1,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in 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 buying an additional 173,642 shares in the last quarter. Fulton Bank N.A. boosted its holdings in TransDigm Group by 10.7% in the fourth quarter. Fulton Bank N.A. now owns 249 shares of the aerospace company's stock valued at $316,000 after acquiring an additional 24 shares during the last quarter. Graypoint LLC raised its holdings in TransDigm Group by 8.1% during the 4th quarter. Graypoint LLC now owns 239 shares of the aerospace company's stock worth $303,000 after purchasing an additional 18 shares during the last quarter. Czech National Bank lifted its position in TransDigm Group by 6.7% during the 4th quarter. Czech National Bank now owns 12,192 shares of the aerospace company's stock valued at $15,451,000 after purchasing an additional 762 shares during the period. Finally, Paragon Advisors LLC boosted its stake in shares of TransDigm Group by 1.8% in the 4th quarter. Paragon Advisors LLC now owns 1,576 shares of the aerospace company's stock valued at $1,997,000 after purchasing an additional 28 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

TransDigm Group Trading Up 1.1%

TDG traded up $14.67 during trading on Thursday, reaching $1,405.86. 252,473 shares of the company's stock were exchanged, compared to its average volume of 259,886. The firm has a fifty day moving average price of $1,357.02 and a two-hundred day moving average price of $1,323.08. The stock has a market capitalization of $78.96 billion, a PE ratio of 49.59, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $2.17 billion. During the same period last year, the company earned $7.99 EPS. TransDigm Group's revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total transaction of $7,200,768.96. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $28,355,659.64. This represents a 20.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,300 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total value of $4,361,940.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,758,480. This represents a 47.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 154,135 shares of company stock valued at $213,040,986 over the last ninety days. 4.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on TDG shares. StockNews.com cut shares of TransDigm Group from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their target price on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Susquehanna increased their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. UBS Group boosted their price objective on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Truist Financial cut 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. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,490.20.

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.