Q Global Advisors LLC Invests $9.28 Million in TransDigm Group Incorporated (NYSE:TDG)

Q Global Advisors LLC purchased a new stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,321 shares of the aerospace company's stock, valued at approximately $9,278,000. TransDigm Group makes up about 9.7% of Q Global Advisors LLC's investment portfolio, making the stock its 4th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ascent Group LLC grew its stake in TransDigm Group by 4.6% in the 4th quarter. Ascent Group LLC now owns 1,087 shares of the aerospace company's stock valued at $1,378,000 after buying an additional 48 shares during the last quarter. Mackenzie Financial Corp grew its stake in TransDigm Group by 170.9% in the 4th quarter. Mackenzie Financial Corp now owns 12,927 shares of the aerospace company's stock valued at $16,382,000 after buying an additional 8,156 shares during the last quarter. Toronto Dominion Bank grew its stake in TransDigm Group by 20.5% in the 4th quarter. Toronto Dominion Bank now owns 27,327 shares of the aerospace company's stock valued at $34,630,000 after buying an additional 4,651 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in TransDigm Group in the 4th quarter valued at $8,348,000. Finally, Vise Technologies Inc. grew its stake in TransDigm Group by 136.5% in the 4th quarter. Vise Technologies Inc. now owns 823 shares of the aerospace company's stock valued at $1,043,000 after buying an additional 475 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

TransDigm Group Trading Up 0.4%

TDG stock traded up $5.97 during trading on Wednesday, hitting $1,459.73. 230,980 shares of the stock traded hands, compared to its average volume of 261,314. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,488.54. The stock has a market cap of $81.99 billion, a price-to-earnings ratio of 51.49, a P/E/G ratio of 2.76 and a beta of 1.09. The company has a 50 day simple moving average of $1,371.82 and a 200 day simple moving average of $1,328.83.

TransDigm Group (NYSE:TDG - Get Free Report) last announced 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 company had revenue of $2.15 billion during the quarter, compared to the consensus estimate 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 revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $7.99 earnings per share. As a group, analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robert J. Small sold 40,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the sale, the director now owns 98,185 shares of the company's stock, valued at $132,138,354.85. The trade was a 28.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $1,346.30, for a total transaction of $7,366,953.60. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,010,072.40. This represents a 20.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 149,713 shares of company stock valued at $208,099,857 over the last ninety days. Insiders own 4.09% of the company's stock.

Wall Street Analyst Weigh In

TDG has been the topic of several research analyst reports. Wall Street Zen upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Truist Financial decreased their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a research report on Wednesday, April 9th. Susquehanna lifted their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company lifted 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. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,490.20.

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.