Cerity Partners LLC Raises Holdings in TransDigm Group Incorporated (NYSE:TDG)

Cerity Partners LLC raised its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 34,288.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 205,640 shares of the aerospace company's stock after acquiring an additional 205,042 shares during the period. Cerity Partners LLC owned approximately 0.37% of TransDigm Group worth $208,025,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Compagnie Lombard Odier SCmA purchased a new stake in shares of TransDigm Group during the 4th quarter valued at about $25,000. International Assets Investment Management LLC purchased a new stake in shares of TransDigm Group during the 3rd quarter valued at about $36,000. Optiver Holding B.V. purchased a new stake in shares of TransDigm Group during the 3rd quarter valued at about $35,000. Resurgent Financial Advisors LLC purchased a new stake in shares of TransDigm Group during the 4th quarter valued at about $30,000. Finally, Impact Partnership Wealth LLC purchased a new stake in shares of TransDigm Group during the 3rd quarter valued at about $41,000. Institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Performance

TDG traded up $14.12 on Thursday, hitting $1,234.03. The company had a trading volume of 180,241 shares, compared to its average volume of 209,625. The stock has a fifty day moving average price of $1,180.72 and a 200-day moving average price of $1,029.29. TransDigm Group Incorporated has a 12-month low of $740.05 and a 12-month high of $1,246.22. The stock has a market capitalization of $68.62 billion, a price-to-earnings ratio of 51.78, a P/E/G ratio of 2.51 and a beta of 1.42.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Thursday, February 8th. The aerospace company reported $7.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.41 by $0.75. TransDigm Group had a negative return on equity of 59.61% and a net margin of 20.80%. The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the firm earned $4.15 earnings per share. The firm's quarterly revenue was up 28.1% compared to the same quarter last year. Analysts forecast that TransDigm Group Incorporated will post 29.03 EPS for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, COO Michael Lisman sold 8,000 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,198.50, for a total value of $9,588,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other TransDigm Group news, COO Michael Lisman sold 8,000 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,198.50, for a total value of $9,588,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Nicholas Howley sold 3,530 shares of the firm's stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $1,022.27, for a total value of $3,608,613.10. Following the completion of the sale, the director now directly owns 21,548 shares of the company's stock, valued at approximately $22,027,873.96. The disclosure for this sale can be found here. Insiders have sold 52,617 shares of company stock worth $60,654,941 over the last quarter. Insiders own 4.96% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TDG. Royal Bank of Canada increased their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the stock an "outperform" rating in a report on Friday, February 9th. JPMorgan Chase & Co. increased their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the stock a "neutral" rating in a report on Wednesday, March 27th. StockNews.com raised shares of TransDigm Group from a "hold" rating to a "buy" rating in a report on Tuesday. Susquehanna increased their target price on shares of TransDigm Group from $875.00 to $1,100.00 and gave the stock a "neutral" rating in a report on Friday, February 9th. Finally, Citigroup increased their target price on shares of TransDigm Group from $1,380.00 to $1,395.00 and gave the stock a "buy" rating in a report on Thursday, April 4th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, TransDigm Group currently has an average rating of "Moderate Buy" and an average price target of $1,137.73.

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.