Public Employees Retirement System of Ohio Sells 1,146 Shares of TransDigm Group Incorporated (NYSE:TDG)

Public Employees Retirement System of Ohio cut its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,131 shares of the aerospace company's stock after selling 1,146 shares during the quarter. Public Employees Retirement System of Ohio's holdings in TransDigm Group were worth $29,313,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC grew its holdings in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 16 shares during the period. Meeder Asset Management Inc. lifted its position in TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock valued at $39,000 after buying an additional 21 shares in the last quarter. Sachetta LLC lifted its position in TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after buying an additional 18 shares in the last quarter. CENTRAL TRUST Co lifted its position in TransDigm Group by 280.0% during the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock valued at $72,000 after buying an additional 42 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in TransDigm Group during the fourth quarter valued at approximately $73,000. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TDG has been the topic of several recent analyst reports. Susquehanna upped their price target on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a report on Wednesday, April 2nd. Truist Financial lowered their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company increased their target price on shares of 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. UBS Group increased their target price on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Finally, Northcoast Research raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,490.20.

TransDigm Group Stock Performance

Shares of NYSE TDG traded up $8.59 during mid-day trading on Thursday, reaching $1,469.11. The company had a trading volume of 81,224 shares, compared to its average volume of 260,646. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The firm 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. The business's 50-day simple moving average is $1,374.13 and its 200 day simple moving average is $1,329.73.

TransDigm Group (NYSE:TDG - Get Free Report) last released its 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 42.87% and a net margin of 20.76%. The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter in the previous year, the business posted $7.99 earnings per share. The business's revenue for the quarter was up 12.0% on a year-over-year basis. On average, sell-side analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insiders Place Their Bets

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total value of $7,366,953.60. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $29,010,072.40. This represents a 20.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Small sold 20,000 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $1,340.20, for a total value of $26,804,000.00. Following the completion of the transaction, the director now owns 95,356 shares in the company, valued at $127,796,111.20. This represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 149,713 shares of company stock worth $208,099,857. 4.09% of the stock is owned by corporate insiders.

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.