Hsbc Holdings PLC Decreases Stake in TransDigm Group Incorporated (NYSE:TDG)

Hsbc Holdings PLC decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 6.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,212 shares of the aerospace company's stock after selling 7,177 shares during the quarter. Hsbc Holdings PLC owned about 0.18% of TransDigm Group worth $124,598,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Resonant Capital Advisors LLC increased its holdings in TransDigm Group by 1.8% in the 4th quarter. Resonant Capital Advisors LLC now owns 462 shares of the aerospace company's stock valued at $585,000 after buying an additional 8 shares during the period. Quent Capital LLC boosted its holdings in shares of TransDigm Group by 6.5% in the 4th quarter. Quent Capital LLC now owns 132 shares of the aerospace company's stock worth $167,000 after acquiring an additional 8 shares in the last quarter. Lindbrook Capital LLC boosted its stake in TransDigm Group by 3.6% in the fourth quarter. Lindbrook Capital LLC now owns 231 shares of the aerospace company's stock worth $293,000 after purchasing an additional 8 shares in the last quarter. CX Institutional increased its position in TransDigm Group by 5.4% in the 4th quarter. CX Institutional now owns 175 shares of the aerospace company's stock valued at $222,000 after acquiring an additional 9 shares in the last quarter. Finally, Western Financial Corp CA raised its position in TransDigm Group by 0.6% in the 4th quarter. Western Financial Corp CA now owns 1,501 shares of the aerospace company's stock worth $1,902,000 after purchasing an additional 9 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company reduced 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. Susquehanna increased their target price on TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Wednesday, April 2nd. Northcoast Research upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 target price on the stock in a report on Wednesday, April 9th. Truist Financial cut their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of TransDigm Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from $1,444.00 to $1,348.00 in a report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,464.41.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the transaction, the director now owns 21,548 shares of the company's stock, valued at $28,355,659.64. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,894 shares of company stock valued at $167,450,256. Corporate insiders own 4.09% of the company's stock.

TransDigm Group Price Performance

Shares of TransDigm Group stock traded up $9.25 during midday trading on Monday, reaching $1,387.38. The company had a trading volume of 51,168 shares, compared to its average volume of 254,857. The stock has a fifty day moving average price of $1,338.78 and a 200 day moving average price of $1,319.60. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,451.32. The firm has a market cap of $77.81 billion, a PE ratio of 48.80, a P/E/G ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period last year, the company posted $7.16 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 EPS for the current year.

TransDigm Group Company 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.