JPMorgan Chase & Co. trimmed its holdings in TransDigm Group Incorporated (NYSE:TDG) by 32.9% during the fourth quarter, Holdings Channel reports. The firm owned 53,483 shares of the aerospace company’s stock after selling 26,168 shares during the quarter. JPMorgan Chase & Co.’s holdings in TransDigm Group were worth $33,097,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in TransDigm Group during the 4th quarter worth approximately $27,000. Vantage Consulting Group Inc acquired a new position in TransDigm Group during the 4th quarter worth approximately $39,000. CX Institutional raised its stake in TransDigm Group by 64.1% during the 4th quarter. CX Institutional now owns 64 shares of the aerospace company’s stock worth $40,000 after buying an additional 25 shares during the period. Marshall Wace LLP acquired a new position in TransDigm Group during the 1st quarter worth approximately $47,000. Finally, Steward Partners Investment Advisory LLC raised its stake in TransDigm Group by 336.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 83 shares of the aerospace company’s stock worth $51,000 after buying an additional 64 shares during the period. 97.17% of the stock is currently owned by institutional investors.
TransDigm Group stock opened at $606.45 on Thursday. TransDigm Group Incorporated has a 12 month low of $292.50 and a 12 month high of $626.00. The business’s 50 day simple moving average is $595.41 and its 200 day simple moving average is $566.70. The company has a market cap of $33.17 billion, a price-to-earnings ratio of 67.68, a PEG ratio of 15.18 and a beta of 1.59.
In other TransDigm Group news, VP Robert S. Henderson sold 15,000 shares of the stock in a transaction on Wednesday, March 3rd. The stock was sold at an average price of $601.56, for a total transaction of $9,023,400.00. Following the sale, the vice president now owns 24,800 shares in the company, valued at $14,918,688. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 9,900 shares of the stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $571.13, for a total value of $5,654,187.00. In the last quarter, insiders sold 77,700 shares of company stock worth $46,504,136. 8.17% of the stock is owned by company insiders.
TDG has been the topic of a number of research reports. Alembic Global Advisors initiated coverage on TransDigm Group in a research note on Friday, January 22nd. They set an “overweight” rating and a $723.00 price target on the stock. Canaccord Genuity boosted their price objective on TransDigm Group from $630.00 to $660.00 and gave the stock a “buy” rating in a report on Monday, February 8th. Credit Suisse Group boosted their price objective on TransDigm Group from $647.00 to $663.00 and gave the stock an “outperform” rating in a report on Wednesday, February 10th. Morgan Stanley boosted their price objective on TransDigm Group from $772.00 to $780.00 and gave the stock an “overweight” rating in a report on Thursday, February 11th. Finally, TheStreet lowered TransDigm Group from a “b-” rating to a “c+” rating in a report on Tuesday, January 26th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. TransDigm Group has an average rating of “Buy” and a consensus target price of $616.27.
TransDigm Group Profile
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. Its 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.
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