Worldquant Millennium Advisors LLC Has $71.59 Million Holdings in TransDigm Group Incorporated (NYSE:TDG)

Worldquant Millennium Advisors LLC increased its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1,229.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,489 shares of the aerospace company's stock after purchasing an additional 52,241 shares during the period. Worldquant Millennium Advisors LLC owned approximately 0.10% of TransDigm Group worth $71,587,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of TDG. Capital Advisors Ltd. LLC increased its position in shares of TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont increased its position in shares of TransDigm Group by 150.0% in the fourth quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock worth $32,000 after purchasing an additional 15 shares during the period. Meeder Asset Management Inc. increased its position in shares of TransDigm Group by 210.0% in the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after purchasing an additional 21 shares during the period. Sachetta LLC increased its position in shares of TransDigm Group by 105.9% in the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after purchasing an additional 18 shares during the period. Finally, CENTRAL TRUST Co increased its position in shares of TransDigm Group by 280.0% in the fourth quarter. CENTRAL TRUST Co now owns 57 shares of the aerospace company's stock worth $72,000 after purchasing an additional 42 shares during the period. 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 that occurred on Tuesday, May 20th. The stock was sold at an average price of $1,436.52, for a total value of $6,751,644.00. Following the transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Small sold 40,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 98,185 shares in the company, valued at approximately $132,138,354.85. This trade represents a 28.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 149,713 shares of company stock valued at $208,099,857 over the last ninety days. 4.09% of the stock is owned by company insiders.

TransDigm Group Stock Performance

Shares of NYSE:TDG traded up $28.78 during midday trading on Friday, hitting $1,433.93. 430,436 shares of the stock were exchanged, compared to its average volume of 261,355. The stock has a market capitalization of $80.54 billion, a price-to-earnings ratio of 50.58, a P/E/G ratio of 2.76 and a beta of 1.09. The business's 50-day moving average price is $1,368.69 and its 200 day moving average price is $1,327.40. 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 posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $9.11 EPS for the quarter, topping analysts' consensus estimates of $8.83 by $0.28. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.17 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $7.99 earnings per share. As a group, sell-side analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analysts Forecast Growth

TDG has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on 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. Wells Fargo & Company lifted their target price on 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. UBS Group lifted their target price on TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. Susquehanna lifted 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. Finally, Wall Street Zen upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 17th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, TransDigm Group has an average rating of "Moderate Buy" and an average price target of $1,490.20.

TransDigm Group 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.