TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC reduced its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 64.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,756 shares of the aerospace company's stock after selling 3,125 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in TransDigm Group were worth $2,226,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company's stock worth $2,851,160,000 after acquiring an additional 173,642 shares in the last quarter. Triasima Portfolio Management inc. bought a new position in TransDigm Group in the fourth quarter worth approximately $911,000. Chicago Capital LLC increased its holdings in TransDigm Group by 0.5% during the 4th quarter. Chicago Capital LLC now owns 51,740 shares of the aerospace company's stock worth $65,568,000 after purchasing an additional 261 shares during the period. CIBC Asset Management Inc raised its position in TransDigm Group by 4.7% during the 4th quarter. CIBC Asset Management Inc now owns 8,554 shares of the aerospace company's stock valued at $10,840,000 after purchasing an additional 385 shares in the last quarter. Finally, DnB Asset Management AS lifted its holdings in shares of TransDigm Group by 2.5% in the 4th quarter. DnB Asset Management AS now owns 24,623 shares of the aerospace company's stock worth $31,204,000 after buying an additional 599 shares during the period. 95.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on TDG shares. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, April 23rd. UBS Group raised shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a research report on Monday, February 24th. Susquehanna increased their price objective 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. Barclays reissued an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. Finally, Wells Fargo & Company dropped their target price on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,464.41.

TransDigm Group Trading Up 1.0 %

Shares of TDG stock traded up $14.20 during trading hours on Friday, reaching $1,448.39. 384,994 shares of the company's stock were exchanged, compared to its average volume of 256,476. The stock has a market cap of $81.23 billion, a PE ratio of 51.09, a PEG ratio of 2.76 and a beta of 1.08. The stock's fifty day moving average price is $1,348.86 and its two-hundred day moving average price is $1,320.32. TransDigm Group Incorporated has a 1 year low of $1,176.31 and a 1 year high of $1,468.00.

TransDigm Group (NYSE:TDG - Get Free Report) last issued 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. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business posted $7.16 EPS. TransDigm Group's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts expect that TransDigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $1,323.02, for a total value of $3,969,060.00. Following the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at $4,762,872. This represents a 45.45 % decrease in their position. The transaction 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 stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $1,354.08, for a total transaction of $27,081,600.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares in the company, valued at $11,046,584.64. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 124,894 shares of company stock valued at $167,450,256. 4.09% of the stock is owned by company insiders.

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.