GF Fund Management CO. LTD. Acquires Shares of 6,587 TransDigm Group Incorporated (NYSE:TDG)

GF Fund Management CO. LTD. bought a new stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,587 shares of the aerospace company's stock, valued at approximately $8,348,000.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in 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 during the last quarter. Triasima Portfolio Management inc. acquired a new stake in TransDigm Group in the fourth quarter valued at approximately $911,000. Chicago Capital LLC lifted its stake in shares of TransDigm Group by 0.5% in the fourth quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock worth $65,568,000 after buying an additional 261 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in shares of TransDigm Group by 89.7% in the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock worth $4,202,000 after buying an additional 1,553 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake 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 worth $10,840,000 after buying an additional 385 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TDG shares. Wall Street Zen upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. 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. Wells Fargo & Company boosted their price objective on shares of TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. UBS Group increased 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 research note on Wednesday, May 7th. Finally, Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, TransDigm Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,490.20.

TransDigm Group Stock Up 0.6%

TDG traded up $8.59 during trading hours on Thursday, hitting $1,469.11. 81,224 shares of the company's stock were exchanged, compared to its average volume of 260,655. TransDigm Group Incorporated has a 1-year low of $1,176.31 and a 1-year high of $1,488.54. The stock's 50-day moving average is $1,374.13 and its two-hundred day moving average is $1,329.73. The stock has a market cap of $82.52 billion, a price-to-earnings ratio of 51.79, a PEG ratio of 2.76 and a beta of 1.09.

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, topping the consensus estimate of $8.83 by $0.28. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.99 earnings per share. On average, equities research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sean P. Hennessy sold 4,700 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the transaction, the director now directly owns 33,713 shares of the company's stock, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 1,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the sale, the director now owns 95,147 shares in the company, 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. Insiders have sold 149,713 shares of company stock worth $208,099,857 over the last ninety days. Corporate insiders own 4.09% of the company's stock.

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.