Mar Vista Investment Partners LLC Sells 8,627 Shares of Transdigm Group Incorporated (NYSE:TDG)

Mar Vista Investment Partners LLC cut its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 14.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,392 shares of the aerospace company's stock after selling 8,627 shares during the period. Transdigm Group makes up about 5.7% of Mar Vista Investment Partners LLC's portfolio, making the stock its 2nd largest holding. Mar Vista Investment Partners LLC owned 0.09% of Transdigm Group worth $69,707,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake 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 acquiring an additional 79,284 shares in the last quarter. Capital World Investors grew its position in Transdigm Group by 4.3% during the fourth quarter. Capital World Investors now owns 3,791,927 shares of the aerospace company's stock worth $4,805,434,000 after buying an additional 155,541 shares during the period. JPMorgan Chase & Co. grew its position in Transdigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after buying an additional 206,822 shares during the period. FMR LLC increased its stake in shares of Transdigm Group by 0.3% during 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 in the last quarter. Finally, Capital Research Global Investors increased its stake in shares of Transdigm Group by 4.8% during 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 in the last quarter. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Buying and Selling

In other news, Director Robert J. Small sold 45,700 shares of Transdigm Group stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the sale, the director owned 88,419 shares in the company, valued at $125,997,959.19. This trade represents a 34.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the business's stock in a transaction on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total transaction of $26,592,200.00. Following the sale, the chief executive officer directly owned 8,158 shares of the company's stock, valued at $10,846,958.38. This represents a 71.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 142,149 shares of company stock valued at $202,651,767 in the last 90 days. 4.09% of the stock is owned by insiders.

Analyst Ratings Changes

TDG has been the topic of a number of research reports. Northcoast Research raised 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 note on Wednesday, April 9th. Truist Financial boosted their price objective on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a research report on Friday. KeyCorp boosted their target price on shares of Transdigm Group from $1,500.00 to $1,700.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus initiated coverage on shares of Transdigm Group in a research note on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 price target for the company. Finally, Wells Fargo & Company boosted their target price 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. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,561.80.

Transdigm Group Trading Up 0.1%

Shares of NYSE TDG traded up $1.24 during midday trading on Friday, hitting $1,540.77. The company's stock had a trading volume of 175,320 shares, compared to its average volume of 261,818. The stock has a fifty day moving average price of $1,453.53 and a 200 day moving average price of $1,373.69. The firm has a market capitalization of $86.54 billion, a price-to-earnings ratio of 52.02, a P/E/G ratio of 3.12 and a beta of 1.04. Transdigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,553.85.

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. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. Transdigm Group had a net margin of 21.09% and a negative return on equity of 38.71%. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $7.99 EPS. On average, equities research analysts predict 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.