Mackenzie Financial Corp Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Mackenzie Financial Corp grew its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 170.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,927 shares of the aerospace company's stock after buying an additional 8,156 shares during the quarter. Mackenzie Financial Corp's holdings in TransDigm Group were worth $16,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Resonant Capital Advisors LLC lifted its holdings in TransDigm Group by 1.8% in the fourth quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after acquiring an additional 8 shares during the period. Quent Capital LLC increased its position in shares of TransDigm Group by 6.5% during the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock valued at $167,000 after purchasing an additional 8 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of TransDigm Group by 3.6% in the 4th quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after purchasing an additional 8 shares during the period. CX Institutional boosted its holdings in shares of TransDigm Group by 5.4% in the fourth quarter. CX Institutional now owns 175 shares of the aerospace company's stock worth $222,000 after buying an additional 9 shares during the last quarter. Finally, Western Financial Corp CA grew its position in TransDigm Group by 0.6% during the fourth quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock valued at $1,902,000 after buying an additional 9 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director W Nicholas Howley sold 49,241 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $1,475.85, for a total value of $72,672,329.85. Following the completion of the transaction, the director now directly owns 21,548 shares of the company's stock, valued at approximately $31,801,615.80. This trade represents a 69.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $10,846,958.38. This represents a 71.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 149,713 shares of company stock worth $208,099,857 over the last 90 days. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Stock Performance

TDG traded up $7.51 during trading on Friday, reaching $1,468.19. 374,966 shares of the company traded hands, compared to its average volume of 262,266. The company has a market cap of $82.46 billion, a P/E ratio of 51.79, a PEG ratio of 2.76 and a beta of 1.09. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54. The firm has a fifty day simple moving average of $1,377.21 and a 200 day simple moving average of $1,330.90.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The firm had revenue of $2.15 billion during 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%. TransDigm Group's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.99 earnings per share. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Susquehanna increased their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. UBS Group upped their price target on TransDigm Group from $1,451.00 to $1,645.00 and gave the stock a "buy" rating in a research report on Wednesday, May 7th. Wells Fargo & Company lifted their price objective on 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. Finally, Northcoast Research raised 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 report on Wednesday, April 9th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,492.36.

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.