TransDigm Group Incorporated (NYSE:TDG) Holdings Decreased by Quarry LP

Quarry LP reduced its holdings in TransDigm Group Incorporated (NYSE:TDG) by 30.7% in the 3rd quarter, Holdings Channel reports. The fund owned 97 shares of the aerospace company’s stock after selling 43 shares during the period. Quarry LP’s holdings in TransDigm Group were worth $138,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Darsana Capital Partners LP purchased a new position in shares of TransDigm Group during the 2nd quarter valued at $210,806,000. International Assets Investment Management LLC grew its stake in TransDigm Group by 108,517.8% in the third quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after purchasing an additional 48,833 shares in the last quarter. Point72 Asset Management L.P. increased its position in TransDigm Group by 2,868.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock worth $60,136,000 after purchasing an additional 48,769 shares during the last quarter. FMR LLC raised its stake in shares of TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after purchasing an additional 43,604 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of TransDigm Group by 36.9% during the 3rd quarter. Citigroup Inc. now owns 120,876 shares of the aerospace company’s stock valued at $172,506,000 after buying an additional 32,609 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of TransDigm Group stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $1,401.75, for a total transaction of $4,205,250.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $5,046,300. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the completion of the transaction, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup boosted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday. KeyCorp increased 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. Deutsche Bank Aktiengesellschaft boosted their price target 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. JPMorgan Chase & Co. increased their price objective on TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Finally, StockNews.com lowered TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,464.00.

TransDigm Group Trading Down 1.2 %

Shares of TransDigm Group stock opened at $1,277.00 on Friday. TransDigm Group Incorporated has a 1 year low of $965.69 and a 1 year high of $1,451.32. The company’s fifty day simple moving average is $1,333.48 and its 200-day simple moving average is $1,315.97. The company has a market cap of $71.81 billion, a price-to-earnings ratio of 49.88, a PEG ratio of 2.99 and a beta of 1.39.

TransDigm Group Increases Dividend

The business also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a $75.00 dividend. This is a positive change from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

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.