Deutsche Bank AG Boosts Position in TransDigm Group Incorporated (NYSE:TDG)

Deutsche Bank AG boosted its position in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 51.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,042 shares of the aerospace company's stock after purchasing an additional 65,388 shares during the quarter. Deutsche Bank AG owned about 0.34% of TransDigm Group worth $244,638,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TDG. JPMorgan Chase & Co. grew its stake in shares of TransDigm Group by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Triasima Portfolio Management inc. bought a new stake in TransDigm Group in the 4th quarter valued at about $911,000. Chicago Capital LLC grew its position in shares of TransDigm Group by 0.5% during the 4th quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock worth $65,568,000 after purchasing an additional 261 shares in the last quarter. Itau Unibanco Holding S.A. increased its holdings in shares of TransDigm Group by 89.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock worth $4,202,000 after purchasing an additional 1,553 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of TransDigm Group by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock valued at $10,840,000 after buying an additional 385 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $28,355,659.64. This represents a 20.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the sale, the director now directly owns 95,147 shares in the company, valued at $127,042,177.34. The trade was a 1.04% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,135 shares of company stock worth $213,040,986. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

TransDigm Group stock traded down $14.43 during mid-day trading on Wednesday, reaching $1,401.41. The company's stock had a trading volume of 142,537 shares, compared to its average volume of 259,323. The company has a market capitalization of $78.71 billion, a P/E ratio of 49.43, a PEG ratio of 2.76 and a beta of 1.09. The firm's fifty day moving average price is $1,355.98 and its two-hundred day moving average price is $1,322.61. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, beating 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 firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same period in the prior year, the business posted $7.99 earnings per share. The company's revenue was up 12.0% on a year-over-year basis. On average, research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDG. Northcoast Research raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research note on Wednesday, April 9th. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. UBS Group raised their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Susquehanna boosted their price target on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Finally, StockNews.com cut TransDigm Group from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,490.20.

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.