AMG National Trust Bank Cuts Holdings in TransDigm Group Incorporated (NYSE:TDG)

AMG National Trust Bank lessened its stake in TransDigm Group Incorporated (NYSE:TDG) by 6.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 196 shares of the aerospace company’s stock after selling 13 shares during the quarter. AMG National Trust Bank’s holdings in TransDigm Group were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in TransDigm Group by 17.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after acquiring an additional 567 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of TransDigm Group by 26.0% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock worth $4,888,000 after purchasing an additional 789 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of TransDigm Group by 4.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 19,322 shares of the aerospace company’s stock worth $23,781,000 after purchasing an additional 819 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of TransDigm Group by 19.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company’s stock valued at $3,446,000 after purchasing an additional 452 shares during the period. Finally, CIBC Asset Management Inc increased its position in TransDigm Group by 8.6% during the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock worth $11,658,000 after buying an additional 644 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDG has been the topic of a number of research reports. KeyCorp raised their target price on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Citigroup dropped their price objective on shares of TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,461.82.

TransDigm Group Price Performance

TDG opened at $1,251.35 on Wednesday. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32. The business has a 50-day moving average of $1,364.76 and a two-hundred day moving average of $1,319.21. The stock has a market capitalization of $70.36 billion, a price-to-earnings ratio of 48.88, a price-to-earnings-growth ratio of 2.22 and a beta of 1.43.

TransDigm Group Increases Dividend

The business also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were paid a dividend of $75.00 per share. The ex-dividend date was Friday, October 4th. This is a boost from TransDigm Group’s previous special dividend of $32.50.

Insider Transactions at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now owns 21,548 shares in the company, valued at approximately $29,659,098.16. The trade was a 20.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at $5,046,300. The trade was a 45.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,944 shares of company stock worth $23,541,085 in the last ninety days. 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.