Public Employees Retirement Association of Colorado Cuts Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Public Employees Retirement Association of Colorado decreased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,555 shares of the aerospace company's stock after selling 202 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in TransDigm Group were worth $9,574,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Northcoast Research upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,500.00 price objective for the company in a report on Wednesday, April 9th. UBS Group upgraded TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target for the company in a report on Monday, February 24th. Wells Fargo & Company reduced their price objective on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Barclays reiterated an "equal weight" rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Finally, StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a research note on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, TransDigm Group has an average rating of "Moderate Buy" and an average price target of $1,464.41.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction on 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 sale, the director now owns 21,548 shares in the company, valued at $28,355,659.64. This represents a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Joel Reiss sold 3,300 shares of the firm's stock in a transaction on Monday, April 21st. The stock was sold at an average price of $1,321.80, for a total transaction of $4,361,940.00. Following the transaction, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,758,480. This trade represents a 47.83 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 124,894 shares of company stock valued at $167,450,256. Insiders own 4.09% of the company's stock.

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. TransDigm Group Incorporated has a fifty-two week low of $1,176.31 and a fifty-two week high of $1,468.00. The stock's 50 day moving average is $1,348.86 and its 200-day moving average is $1,320.89. The company has a market cap of $81.23 billion, a price-to-earnings ratio of 51.09, a P/E/G ratio of 2.76 and a beta of 1.08.

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

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.