Deutsche Bank AG Has $217.01 Million Stake in Transdigm Group Incorporated (NYSE:TDG)

Key Points

• Deutsche Bank AG has reduced its holdings in Transdigm Group by 18.7%, now owning approximately 156,879 shares valued at around $217 million.
• Several institutional investors, including Wellington Management Group and Bessemer Group, have increased their positions in Transdigm Group, with 95.78% of the stock currently owned by institutional investors and hedge funds.
• Wall Street analysts have positive forecasts for Transdigm Group, with multiple price target upgrades resulting in an average target of $1,616.86 and an overall rating of "Moderate Buy."

Deutsche Bank AG lessened its holdings in Transdigm Group Incorporated (NYSE:TDG - Free Report) by 18.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 156,879 shares of the aerospace company's stock after selling 36,163 shares during the quarter. Deutsche Bank AG owned 0.28% of Transdigm Group worth $217,009,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TDG. Vontobel Holding Ltd. bought a new position in shares of Transdigm Group in the 1st quarter valued at $387,000. Dynamic Advisor Solutions LLC bought a new position in shares of Transdigm Group in the 1st quarter valued at $1,113,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Transdigm Group by 4.6% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 8,653 shares of the aerospace company's stock valued at $11,970,000 after acquiring an additional 380 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of Transdigm Group in the 1st quarter valued at $263,000. Finally, Paragon Advisors LLC lifted its stake in shares of Transdigm Group by 14.2% in the 1st 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. Institutional investors and hedge funds own 95.78% of the company's stock.

Insiders Place Their Bets

In related news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $1,597.86, for a total value 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 $5,752,296. The trade was a 45.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total value of $65,122,957.00. Following the completion of the sale, the director directly owned 88,419 shares of the company's stock, valued at $125,997,959.19. The trade was a 34.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 69,872 shares of company stock worth $100,747,061 over the last three months. Insiders own 4.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TDG shares. The Goldman Sachs Group increased their price target on Transdigm Group from $1,526.00 to $1,709.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Morgan Stanley increased their price target on Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. UBS Group lifted their target price on Transdigm Group from $1,815.00 to $1,839.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Citigroup lifted their target price on Transdigm Group from $1,635.00 to $1,795.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Finally, Wells Fargo & Company lifted their target price 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. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Transdigm Group presently has an average rating of "Moderate Buy" and a consensus target price of $1,616.86.

Transdigm Group Stock Performance

Shares of TDG stock traded up $12.23 during mid-day trading on Wednesday, hitting $1,422.93. The company's stock had a trading volume of 194,013 shares, compared to its average volume of 287,312. The company's fifty day simple moving average is $1,505.65 and its 200-day simple moving average is $1,411.91. Transdigm Group Incorporated has a 52 week low of $1,183.60 and a 52 week high of $1,623.82. The company has a market cap of $80.18 billion, a PE ratio of 47.21, a P/E/G ratio of 2.91 and a beta of 1.07.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period last year, the business posted $9.00 earnings per share. The business's revenue was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share 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.