Transdigm Group Incorporated $TDG Holdings Raised by Pictet Asset Management Holding SA

Key Points

• Pictet Asset Management increased its Transdigm stake by 54.9% in the third quarter, adding 19,400 shares to reach 54,729 shares valued at about $59.25 million. Institutional investors and hedge funds collectively own 95.78% of the company.
• Analysts have a consensus “Hold” rating on TDG, with a consensus price target of $1,428.40; five analysts rate it Buy and 13 rate it Hold. Several firms recently cut their price targets.
• Company insiders sold 22,032 shares worth about $26.25 million over the past 90 days, including sales by COO Joel Reiss and Director W. Howley.

Pictet Asset Management Holding SA increased its position in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 54.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,729 shares of the aerospace company's stock after buying an additional 19,400 shares during the period. Pictet Asset Management Holding SA owned 0.10% of Transdigm Group worth $59,250,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Verus Capital Partners LLC increased its holdings in Transdigm Group by 1.2% in the third quarter. Verus Capital Partners LLC now owns 907 shares of the aerospace company's stock worth $982,000 after purchasing an additional 11 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Transdigm Group by 14.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 497 shares of the aerospace company's stock worth $538,000 after buying an additional 61 shares in the last quarter. CenterBook Partners LP bought a new position in shares of Transdigm Group during the 3rd quarter worth approximately $370,000. Alta Advisers Ltd grew its position in shares of Transdigm Group by 80.5% during the 3rd quarter. Alta Advisers Ltd now owns 399 shares of the aerospace company's stock worth $432,000 after buying an additional 178 shares during the period. Finally, Kestra Advisory Services LLC grew its position in shares of Transdigm Group by 4.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,879 shares of the aerospace company's stock worth $2,034,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TDG shares. BMO Capital Markets dropped their target price on shares of Transdigm Group from $1,525.00 to $1,400.00 and set an "outperform" rating on the stock in a research report on Monday, September 28th. Weiss Ratings reissued a "hold (c)" rating on shares of Transdigm Group in a research note on Friday, August 28th. Morgan Stanley reduced their price target on shares of Transdigm Group from $1,400.00 to $1,300.00 and set an "equal weight" rating for the company in a report on Monday, October 19th. Guggenheim started coverage on shares of Transdigm Group in a research note on Tuesday, September 15th. They issued a "neutral" rating for the company. Finally, Wells Fargo & Company dropped their price objective on shares of Transdigm Group from $1,450.00 to $1,210.00 and set an "equal weight" rating on the stock in a report on Wednesday, September 30th. Five investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, Transdigm Group currently has a consensus rating of "Hold" and a consensus target price of $1,428.40.

Transdigm Group Stock Up 2.0%

Shares of NYSE:TDG opened at $1,221.45 on Tuesday. Transdigm Group Incorporated has a twelve month low of $1,071.25 and a twelve month high of $1,463.03. The stock's 50 day moving average is $1,130.72 and its 200-day moving average is $1,222.01. The firm has a market capitalization of $68.32 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 1.74 and a beta of 0.98.

Insiders Place Their Bets

In other Transdigm Group news, COO Joel Reiss sold 4,100 shares of the firm's stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $1,128.04, for a total value of $4,624,964.00. Following the transaction, the chief operating officer directly owned 3,600 shares of the company's stock, valued at approximately $4,060,944. This trade represents a 53.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W. Howley sold 10,132 shares of Transdigm Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $1,236.28, for a total transaction of $12,525,988.96. Following the transaction, the director owned 21,548 shares of the company's stock, valued at $26,639,361.44. This represents a 31.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,032 shares of company stock valued at $26,250,979 in the last 90 days. 3.20% of the stock is currently owned by company insiders.

About Transdigm Group

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