Jump Financial LLC Invests $350,000 in TransDigm Group Incorporated (NYSE:TDG)

Jump Financial LLC bought a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 276 shares of the aerospace company's stock, valued at approximately $350,000.

Several other hedge funds also recently made changes to their positions in TDG. Norges Bank acquired a new position in TransDigm Group during the fourth quarter valued at approximately $973,353,000. Proficio Capital Partners LLC boosted its stake in TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock valued at $925,349,000 after buying an additional 729,930 shares in the last quarter. Edgewood Management LLC bought a new position in TransDigm Group in the fourth quarter valued at about $399,595,000. JPMorgan Chase & Co. lifted its stake in shares of TransDigm Group by 10.4% in the 4th quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock valued at $2,793,908,000 after acquiring an additional 206,822 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of TransDigm Group by 9.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock valued at $2,694,585,000 after acquiring an additional 185,422 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Robert J. Small sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total transaction of $1,335,220.00. Following the completion of the sale, the director now directly owns 95,147 shares of the company's stock, valued at approximately $127,042,177.34. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at $11,046,584.64. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,894 shares of company stock valued at $167,450,256 over the last ninety days. 4.09% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on TDG shares. UBS Group raised TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research note on Monday, February 24th. Barclays reissued an "equal weight" rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded TransDigm Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, TransDigm Group presently has an average rating of "Moderate Buy" and a consensus price target of $1,464.41.

TransDigm Group Stock Performance

Shares of TransDigm Group stock traded down $2.31 during trading hours on Wednesday, hitting $1,405.58. The company's stock had a trading volume of 60,662 shares, compared to its average volume of 254,693. TransDigm Group Incorporated has a 12-month low of $1,176.31 and a 12-month high of $1,451.32. The business has a 50 day moving average price of $1,341.77 and a two-hundred day moving average price of $1,320.12. The company has a market cap of $78.83 billion, a PE ratio of 49.58, a PEG ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.73 by $0.84. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group's revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $7.16 EPS. As a group, research 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.