Transdigm Group Incorporated (NYSE:TDG) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,946 shares of the aerospace company's stock after selling 488 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Transdigm Group were worth $5,459,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TDG. Vanguard Group Inc. increased its holdings in Transdigm Group by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 6,270,803 shares of the aerospace company's stock valued at $7,946,863,000 after buying an additional 79,284 shares in the last quarter. Capital World Investors grew its position in shares of Transdigm Group by 4.3% during the 4th quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock valued at $4,805,434,000 after acquiring an additional 155,541 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Transdigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after purchasing an additional 206,822 shares in the last quarter. FMR LLC raised its holdings in Transdigm Group by 0.3% in the 4th quarter. FMR LLC now owns 1,925,595 shares of the aerospace company's stock worth $2,440,268,000 after purchasing an additional 5,414 shares during the period. Finally, Capital Research Global Investors raised its holdings in Transdigm Group by 4.8% in the 4th quarter. Capital Research Global Investors now owns 1,911,128 shares of the aerospace company's stock worth $2,421,979,000 after purchasing an additional 87,309 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,846,958.38. This represents a 71.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of Transdigm Group stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,010,072.40. The trade was a 20.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 142,149 shares of company stock valued at $202,651,767 in the last three months. 4.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on TDG shares. Susquehanna boosted their price objective on 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. Wells Fargo & Company boosted their price target on shares of Transdigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Northcoast Research upgraded shares of Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. 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 for the company in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Transdigm Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,505.23.

Transdigm Group Trading Up 1.9%

TDG stock traded up $27.41 during mid-day trading on Friday, reaching $1,441.89. The company's stock had a trading volume of 476,724 shares, compared to its average volume of 264,837. The stock has a market cap of $80.99 billion, a PE ratio of 48.68, a P/E/G ratio of 3.08 and a beta of 1.05. Transdigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,488.54. The company's 50 day moving average is $1,411.26 and its two-hundred day moving average is $1,349.37.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.83 by $0.28. Transdigm Group had a negative return on equity of 38.71% and a net margin of 21.09%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the prior year, the business earned $7.99 earnings per share. The business's revenue was up 12.0% compared to the same quarter last year. On average, analysts forecast that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

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.