TransDigm Group Incorporated (NYSE:TDG) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,074 shares of the aerospace company's stock after selling 1,877 shares during the quarter. California Public Employees Retirement System owned 0.18% of TransDigm Group worth $99,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Deutsche Bank AG raised its holdings in TransDigm Group by 1,947.8% during the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company's stock valued at $2,859,376,000 after buying an additional 3,225,771 shares during the last quarter. JPMorgan Chase & Co. raised its position in TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company's stock valued at $933,765,000 after purchasing an additional 349,409 shares during the last quarter. Cerity Partners LLC lifted its holdings in TransDigm Group by 34,288.0% in the 4th quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company's stock worth $208,025,000 after buying an additional 205,042 shares during the period. FMR LLC grew its position in shares of TransDigm Group by 9.0% in the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company's stock worth $1,392,355,000 after buying an additional 136,834 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of TransDigm Group by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,903,014 shares of the aerospace company's stock valued at $4,977,008,000 after buying an additional 104,433 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

TransDigm Group Stock Down 0.1 %

NYSE:TDG traded down $0.78 on Wednesday, hitting $1,241.62. The stock had a trading volume of 218,686 shares, compared to its average volume of 207,623. TransDigm Group Incorporated has a 52-week low of $741.74 and a 52-week high of $1,255.59. The stock has a market cap of $69.05 billion, a price-to-earnings ratio of 51.78, a price-to-earnings-growth ratio of 2.44 and a beta of 1.42. The business's 50-day simple moving average is $1,196.92 and its two-hundred day simple moving average is $1,054.61.

TransDigm Group (NYSE:TDG - Get Free Report) last announced 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 net margin of 20.80% and a negative return on equity of 59.61%. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same period in the previous year, the business posted $4.15 earnings per share. The firm's quarterly revenue was up 28.1% compared to the same quarter last year. As a group, equities research analysts anticipate that TransDigm Group Incorporated will post 29.08 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently issued reports on TDG. Stifel Nicolaus increased their price target on shares of TransDigm Group from $1,100.00 to $1,200.00 and gave the stock a "hold" rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. boosted their target price on shares of TransDigm Group from $1,050.00 to $1,175.00 and gave the company a "neutral" rating in a report on Wednesday, March 27th. KeyCorp lifted their price target on shares of TransDigm Group from $1,220.00 to $1,325.00 and gave the company an "overweight" rating in a research report on Monday. The Goldman Sachs Group upped their price objective on shares of TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a "buy" rating in a report on Tuesday, April 16th. Finally, Barclays lifted their target price on shares of TransDigm Group from $1,150.00 to $1,250.00 and gave the company an "overweight" rating in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,170.27.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 2,391 shares of TransDigm Group stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the transaction, the director now directly owns 21,549 shares of the company's stock, valued at approximately $25,008,691.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director W Nicholas Howley sold 2,391 shares of the firm's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $1,160.55, for a total transaction of $2,774,875.05. Following the sale, the director now directly owns 21,549 shares in the company, valued at approximately $25,008,691.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Graff sold 3,460 shares of TransDigm Group stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $1,108.17, for a total transaction of $3,834,268.20. Following the transaction, the director now owns 4,879 shares in the company, valued at approximately $5,406,761.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 59,087 shares of company stock valued at $69,840,358. Company insiders own 4.96% of the company's stock.

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.