Parallel Advisors LLC Sells 21 Shares of TransDigm Group Incorporated (NYSE:TDG)

Parallel Advisors LLC trimmed its stake in TransDigm Group Incorporated (NYSE:TDGFree Report) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 270 shares of the aerospace company’s stock after selling 21 shares during the period. Parallel Advisors LLC’s holdings in TransDigm Group were worth $273,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Deutsche Bank AG increased its position in TransDigm Group by 1,947.8% during the 3rd quarter. Deutsche Bank AG now owns 3,391,382 shares of the aerospace company’s stock valued at $2,859,376,000 after buying an additional 3,225,771 shares in the last quarter. Norges Bank acquired a new position in TransDigm Group during the 4th quarter valued at about $790,822,000. JPMorgan Chase & Co. increased its position in TransDigm Group by 46.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,107,497 shares of the aerospace company’s stock valued at $933,765,000 after buying an additional 349,409 shares in the last quarter. Cerity Partners LLC increased its position in TransDigm Group by 34,288.0% during the 4th quarter. Cerity Partners LLC now owns 205,640 shares of the aerospace company’s stock valued at $208,025,000 after buying an additional 205,042 shares in the last quarter. Finally, FMR LLC increased its position in TransDigm Group by 9.0% during the 3rd quarter. FMR LLC now owns 1,651,413 shares of the aerospace company’s stock valued at $1,392,355,000 after buying an additional 136,834 shares in the last quarter. 95.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TDG has been the topic of several recent analyst reports. Citigroup upped their target price on TransDigm Group from $1,380.00 to $1,395.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Bank of America boosted their price target on TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. The Goldman Sachs Group upped their target price on TransDigm Group from $1,285.00 to $1,518.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. UBS Group upped their target price on TransDigm Group from $1,302.00 to $1,403.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 8th. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 18th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,363.38.

Check Out Our Latest Stock Analysis on TDG

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 197 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director W Nicholas Howley sold 197 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $1,318.14, for a total value of $259,673.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jorge Valladares sold 578 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $1,180.00, for a total value of $682,040.00. Following the completion of the transaction, the director now owns 11,000 shares of the company’s stock, valued at $12,980,000. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 3 shares of company stock valued at $1,690 and sold 29,776 shares valued at $37,097,386. Insiders own 4.96% of the company’s stock.

TransDigm Group Price Performance

Shares of TransDigm Group stock opened at $1,343.23 on Monday. The business has a 50 day simple moving average of $1,264.26 and a two-hundred day simple moving average of $1,138.10. TransDigm Group Incorporated has a 12 month low of $768.23 and a 12 month high of $1,363.66. The stock has a market capitalization of $75.17 billion, a P/E ratio of 53.28, a PEG ratio of 2.29 and a beta of 1.39.

TransDigm Group (NYSE:TDGGet Free Report) last announced its earnings results on Tuesday, May 7th. The aerospace company reported $7.99 EPS for the quarter, beating analysts’ consensus estimates of $7.42 by $0.57. TransDigm Group had a negative return on equity of 63.35% and a net margin of 21.22%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm earned $5.39 earnings per share. The business’s revenue was up 20.5% compared to the same quarter last year. As a group, research analysts anticipate that TransDigm Group Incorporated will post 29.93 EPS for the current fiscal year.

TransDigm Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for TransDigm Group (NYSE:TDG)

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