BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Raises Position in TransDigm Group Incorporated (NYSE:TDG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,743 shares of the aerospace company's stock after purchasing an additional 1,406 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in TransDigm Group were worth $13,614,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Capital Advisors Ltd. LLC lifted its position in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after buying an additional 16 shares during the last quarter. Meeder Asset Management Inc. raised its stake in TransDigm Group by 210.0% during the 4th quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after acquiring an additional 21 shares in the last quarter. Sachetta LLC lifted its position in TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 18 shares during the last quarter. CENTRAL TRUST Co boosted its stake in TransDigm Group by 280.0% in the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock valued at $72,000 after acquiring an additional 42 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of TransDigm Group during the fourth quarter worth about $73,000. Hedge funds and other institutional investors own 95.78% of the company's stock.

Insider Activity

In other TransDigm Group news, Director Robert J. Small sold 1,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the transaction, the director now directly owns 95,147 shares in the company, valued at approximately $127,042,177.34. The trade was a 1.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,896,144. This trade represents a 45.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 149,713 shares of company stock worth $208,099,857 over the last three months. 4.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Susquehanna upped their target price on 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. Truist Financial reduced their price objective on TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. UBS Group raised their target price on shares of 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. Wall Street Zen upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 17th. Finally, Wells Fargo & Company raised their price target on TransDigm Group from $1,375.00 to $1,540.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, TransDigm Group has a consensus rating of "Moderate Buy" and a consensus price target of $1,490.20.

TransDigm Group Trading Up 2.0%

Shares of TDG stock traded up $28.78 during mid-day trading on Friday, reaching $1,433.93. The stock had a trading volume of 430,436 shares, compared to its average volume of 261,355. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54. The business has a 50-day simple moving average of $1,368.69 and a 200 day simple moving average of $1,327.40. The company has a market cap of $80.54 billion, a P/E ratio of 50.58, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.

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 (EPS) for the quarter, beating the consensus estimate of $8.83 by $0.28. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same quarter in the prior year, the firm earned $7.99 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. Research analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

About TransDigm Group

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.