Pacer Advisors Inc. Increases Stock Position in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Pacer Advisors Inc. increased its holdings in Transdigm Group by 30.1% during Q1, acquiring an additional 2,399 shares, resulting in a total worth of $14,345,000.
• Analysts show optimism for Transdigm Group, with several firms raising their price targets significantly, leading to a consensus average rating of "Moderate Buy" and an average target price of $1,606.47.
• Recent insider trading activity saw COO Joel Reiss and Director W. Nicholas Howley selling shares, with insiders collectively offloading 119,113 shares valued at $173,419,391 in the last 90 days.

Pacer Advisors Inc. lifted its position in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 30.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,370 shares of the aerospace company's stock after buying an additional 2,399 shares during the period. Pacer Advisors Inc.'s holdings in Transdigm Group were worth $14,345,000 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. Winch Advisory Services LLC raised its holdings in Transdigm Group by 53.8% during the first quarter. Winch Advisory Services LLC now owns 20 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 7 shares during the period. Rothschild Investment LLC raised its holdings in Transdigm Group by 13.1% during the first quarter. Rothschild Investment LLC now owns 69 shares of the aerospace company's stock valued at $95,000 after acquiring an additional 8 shares during the period. Balefire LLC raised its holdings in Transdigm Group by 4.9% during the first quarter. Balefire LLC now owns 171 shares of the aerospace company's stock valued at $237,000 after acquiring an additional 8 shares during the period. Park Square Financial Group LLC raised its holdings in Transdigm Group by 36.0% during the first quarter. Park Square Financial Group LLC now owns 34 shares of the aerospace company's stock valued at $47,000 after acquiring an additional 9 shares during the period. Finally, Pinnacle Associates Ltd. increased its holdings in shares of Transdigm Group by 2.4% in the first quarter. Pinnacle Associates Ltd. now owns 388 shares of the aerospace company's stock worth $537,000 after purchasing an additional 9 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction on Monday, July 21st. The shares were sold at an average price of $1,597.86, for a total transaction of $4,793,580.00. Following the completion of the sale, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $5,752,296. The trade was a 45.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sean P. Hennessy sold 4,700 shares of Transdigm Group stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total transaction of $6,751,644.00. Following the sale, the director directly owned 33,713 shares of the company's stock, valued at approximately $48,429,398.76. This trade represents a 12.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 119,113 shares of company stock worth $173,419,391 in the last three months. Company insiders own 4.09% of the company's stock.

Analysts Set New Price Targets

TDG has been the topic of several research reports. Stifel Nicolaus began coverage on Transdigm Group in a report on Tuesday, June 24th. They issued a "buy" rating and a $1,710.00 target price on the stock. Northcoast Research upgraded 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. UBS Group boosted their price target 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. Citigroup boosted their price target on Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, KeyCorp upped their target price on Transdigm Group from $1,500.00 to $1,700.00 and gave the stock an "overweight" rating in a report on Wednesday, July 2nd. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,606.47.

Transdigm Group Price Performance

Transdigm Group stock traded up $7.44 during midday trading on Wednesday, reaching $1,614.13. The company had a trading volume of 35,331 shares, compared to its average volume of 271,266. The company has a market capitalization of $90.67 billion, a P/E ratio of 54.55, a P/E/G ratio of 3.25 and a beta of 1.04. Transdigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,622.53. The firm's fifty day simple moving average is $1,496.66 and its 200-day simple moving average is $1,400.72.

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