ClearAlpha Technologies LP Sells 799 Shares of TransDigm Group Incorporated (NYSE:TDG)

ClearAlpha Technologies LP lowered its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 63.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 453 shares of the aerospace company’s stock after selling 799 shares during the period. ClearAlpha Technologies LP’s holdings in TransDigm Group were worth $646,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TDG. Fortitude Family Office LLC raised its stake in TransDigm Group by 283.3% during the 2nd quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after buying an additional 17 shares during the last quarter. First Personal Financial Services purchased a new position in TransDigm Group in the third quarter worth about $29,000. Erste Asset Management GmbH purchased a new stake in shares of TransDigm Group during the 3rd quarter valued at about $29,000. Meeder Asset Management Inc. lifted its stake in shares of TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the period. Finally, DT Investment Partners LLC boosted its holdings in shares of TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

Shares of TDG opened at $1,252.97 on Monday. The stock has a market capitalization of $70.45 billion, a price-to-earnings ratio of 48.94, a price-to-earnings-growth ratio of 2.82 and a beta of 1.43. The business’s 50 day simple moving average is $1,346.89 and its 200-day simple moving average is $1,316.87. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32.

TransDigm Group Increases Dividend

The firm also recently announced a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a $75.00 dividend. The ex-dividend date was Friday, October 4th. This is an increase from TransDigm Group’s previous special dividend of $32.50.

Insider Activity

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now owns 21,548 shares in the company, valued at $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This trade represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup dropped their price target 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. Jefferies Financial Group cut their price target on TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. UBS Group lowered their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price target on shares of TransDigm Group in a report on Wednesday, August 7th. Finally, KeyCorp increased their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Six research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

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.