Chicago Capital LLC Grows Stake in Transdigm Group Incorporated (NYSE:TDG)

Chicago Capital LLC grew its stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 0.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 51,945 shares of the aerospace company's stock after purchasing an additional 205 shares during the quarter. Transdigm Group makes up approximately 2.0% of Chicago Capital LLC's portfolio, making the stock its 14th biggest position. Chicago Capital LLC owned 0.09% of Transdigm Group worth $71,855,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC purchased a new stake in Transdigm Group during the 1st quarter valued at $1,113,000. Paragon Advisors LLC raised its stake in shares of Transdigm Group by 14.2% during the first quarter. Paragon Advisors LLC now owns 1,800 shares of the aerospace company's stock valued at $2,490,000 after acquiring an additional 224 shares during the last quarter. Itau Unibanco Holding S.A. boosted its holdings in shares of Transdigm Group by 89.7% during the fourth quarter. Itau Unibanco Holding S.A. now owns 3,284 shares of the aerospace company's stock worth $4,202,000 after purchasing an additional 1,553 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Transdigm Group by 4.7% during the fourth quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock worth $10,840,000 after purchasing an additional 385 shares during the period. Finally, DnB Asset Management AS grew its stake in shares of Transdigm Group by 2.5% in the fourth quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company's stock worth $31,204,000 after purchasing an additional 599 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Insider Buying and Selling

In other Transdigm Group news, Director Sean P. Hennessy sold 4,700 shares of the business's stock in a transaction dated 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 completion of the sale, the director now owns 33,713 shares of the company's stock, valued at approximately $48,429,398.76. The trade was a 12.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the director now owns 21,548 shares of the company's stock, valued at approximately $29,010,072.40. The trade was a 20.25% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,149 shares of company stock valued at $198,378,957. 4.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on TDG. Northcoast Research raised Transdigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target for the company in a research report on Wednesday, April 9th. Truist Financial decreased 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 note on Thursday, April 17th. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Susquehanna lifted their price objective 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. Finally, Wells Fargo & Company raised their target price on Transdigm Group from $1,375.00 to $1,540.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,505.23.

Transdigm Group Stock Up 1.9%

Transdigm Group stock traded up $27.41 during trading hours on Friday, hitting $1,441.89. The stock had a trading volume of 476,724 shares, compared to its average volume of 265,158. The stock's 50-day moving average price is $1,408.61 and its 200-day moving average price is $1,347.81. The stock has a market capitalization of $80.99 billion, a P/E ratio of 48.68, a price-to-earnings-growth ratio of 3.02 and a beta of 1.05. Transdigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,488.54.

Transdigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data 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 analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business earned $7.99 EPS. On average, research 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.