Parallax Volatility Advisers L.P. Reduces Stake in TransDigm Group Incorporated (NYSE:TDG)

Parallax Volatility Advisers L.P. reduced its stake in TransDigm Group Incorporated (NYSE:TDG - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 851 shares of the aerospace company's stock after selling 287 shares during the period. Parallax Volatility Advisers L.P.'s holdings in TransDigm Group were worth $1,078,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Capital Advisors Ltd. LLC boosted its position in shares of TransDigm Group by 200.0% during the 4th quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company's stock worth $30,000 after purchasing an additional 16 shares during the period. Trust Co. of Vermont raised its holdings in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company's stock valued at $32,000 after buying an additional 15 shares during the period. Versant Capital Management Inc boosted its holdings in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company's stock valued at $33,000 after acquiring an additional 18 shares during the period. Meeder Asset Management Inc. increased its stake in TransDigm Group by 210.0% during the fourth quarter. Meeder Asset Management Inc. now owns 31 shares of the aerospace company's stock worth $39,000 after purchasing an additional 21 shares during the period. Finally, Sachetta LLC lifted its position in shares of TransDigm Group by 105.9% during the fourth quarter. Sachetta LLC now owns 35 shares of the aerospace company's stock worth $44,000 after purchasing an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

TransDigm Group Price Performance

Shares of TDG stock traded up $3.66 during midday trading on Wednesday, hitting $1,411.55. The company had a trading volume of 217,560 shares, compared to its average volume of 255,304. The stock has a market cap of $79.17 billion, a price-to-earnings ratio of 49.79, a PEG ratio of 2.76 and a beta of 1.08. The company's 50 day simple moving average is $1,341.77 and its 200 day simple moving average is $1,320.12. TransDigm Group Incorporated has a 52-week low of $1,176.31 and a 52-week high of $1,451.32.

TransDigm Group (NYSE:TDG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. During the same period in the previous year, the company posted $7.16 EPS. TransDigm Group's revenue was up 12.1% compared to the same quarter last year. Analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity at TransDigm Group

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $1,360.04, for a total transaction of $4,080,120.00. Following the sale, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,896,144. The trade was a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Small sold 1,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 95,147 shares in the company, valued at approximately $127,042,177.34. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 124,894 shares of company stock worth $167,450,256 over the last 90 days. Company insiders own 4.09% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays restated an "equal weight" rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price objective on the stock in a research note on Monday, February 24th. Susquehanna boosted their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 2nd. StockNews.com raised TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company cut their target price on shares of TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and a consensus price target of $1,464.41.

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.