Worldquant Millennium Advisors LLC Acquires 52,241 Shares of TransDigm Group Incorporated (NYSE:TDG)

Worldquant Millennium Advisors LLC increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1,229.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 0.10% of TransDigm Group worth $71,587,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TDG. JPMorgan Chase & Co. boosted its stake in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock valued at $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Park Avenue Securities LLC boosted its stake in TransDigm Group by 29.9% in the fourth quarter. Park Avenue Securities LLC now owns 926 shares of the aerospace company's stock valued at $1,174,000 after acquiring an additional 213 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in TransDigm Group by 45.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 720 shares of the aerospace company's stock valued at $912,000 after acquiring an additional 226 shares in the last quarter. Ritholtz Wealth Management boosted its stake in TransDigm Group by 14.5% in the fourth quarter. Ritholtz Wealth Management now owns 198 shares of the aerospace company's stock valued at $251,000 after acquiring an additional 25 shares in the last quarter. Finally, Merit Financial Group LLC boosted its stake in TransDigm Group by 17.8% in the fourth quarter. Merit Financial Group LLC now owns 583 shares of the aerospace company's stock valued at $739,000 after acquiring an additional 88 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction on Monday, April 14th. The shares were sold at an average price of $1,329.61, for a total value of $26,592,200.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company's stock, valued at approximately $10,846,958.38. The trade was a 71.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Joel Reiss sold 3,300 shares of TransDigm Group stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,758,480. The trade was a 47.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 145,013 shares of company stock valued at $201,014,223 over the last 90 days. Insiders own 4.09% of the company's stock.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,438.79 on Tuesday. The firm has a fifty day moving average price of $1,362.67 and a 200 day moving average price of $1,325.19. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,488.54. The stock has a market cap of $80.81 billion, a PE ratio of 50.75, a price-to-earnings-growth ratio of 2.76 and a beta of 1.09.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $9.11 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.17 billion. During the same quarter last year, the company posted $7.99 earnings per share. The firm's revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Truist Financial lowered their target price 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. Susquehanna raised their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Wednesday, April 2nd. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group raised their target price on shares of TransDigm Group from $1,451.00 to $1,645.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Finally, Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price for the company in a research note on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,490.20.

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.

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