Centiva Capital LP Has $557,000 Position in TransDigm Group Incorporated (NYSE:TDG)

Centiva Capital LP decreased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 90.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 390 shares of the aerospace company’s stock after selling 3,699 shares during the quarter. Centiva Capital LP’s holdings in TransDigm Group were worth $557,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDG. First Personal Financial Services bought a new position in TransDigm Group during the third quarter worth about $29,000. Erste Asset Management GmbH acquired a new position in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. DT Investment Partners LLC lifted its position in shares of TransDigm Group by 68.8% during the 3rd 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 period. Meeder Asset Management Inc. boosted its stake in TransDigm Group by 275.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after buying an additional 22 shares in the last quarter. Finally, Hershey Financial Advisers LLC bought a new stake in TransDigm Group in the second quarter valued at $41,000. 95.78% of the stock is owned by institutional investors.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, 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 transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total value of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at approximately $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. StockNews.com cut TransDigm Group from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the company a “neutral” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Jefferies Financial Group cut their target price on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Citigroup increased their price target on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,464.00.

TransDigm Group Trading Down 1.1 %

Shares of NYSE:TDG opened at $1,279.21 on Friday. TransDigm Group Incorporated has a 1-year low of $965.69 and a 1-year high of $1,451.32. The stock has a market capitalization of $71.93 billion, a P/E ratio of 49.97, a P/E/G ratio of 2.99 and a beta of 1.39. The business has a 50-day moving average price of $1,333.48 and a two-hundred day moving average price of $1,315.82.

TransDigm Group Increases Dividend

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