JPMorgan Chase & Co. Has $33.10 Million Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)


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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.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Monday, February 8th. The aerospace company reported $1.97 EPS for the quarter, beating the consensus estimate of $1.57 by $0.40. TransDigm Group had a negative return on equity of 18.70% and a net margin of 10.07%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business earned $4.93 earnings per share. TransDigm Group’s revenue for the quarter was down 24.4% on a year-over-year basis. Equities analysts anticipate that TransDigm Group Incorporated will post 9.99 earnings per share for the current year.

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

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