TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in TransDigm Group Incorporated (NYSE:TDG) by 28.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,962 shares of the aerospace company’s stock after acquiring an additional 1,311 shares during the quarter. Pacer Advisors Inc.’s holdings in TransDigm Group were worth $8,509,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Darsana Capital Partners LP purchased a new stake in TransDigm Group in the second quarter valued at approximately $210,806,000. International Assets Investment Management LLC raised its holdings in shares of TransDigm Group by 108,517.8% in the 3rd quarter. International Assets Investment Management LLC now owns 48,878 shares of the aerospace company’s stock valued at $69,755,000 after buying an additional 48,833 shares during the period. Point72 Asset Management L.P. lifted its stake in TransDigm Group by 2,868.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 47,069 shares of the aerospace company’s stock worth $60,136,000 after acquiring an additional 48,769 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new position in TransDigm Group during the 2nd quarter valued at about $35,134,000. Finally, Baskin Financial Services Inc. acquired a new position in TransDigm Group in the 3rd quarter valued at about $30,404,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Northcoast Research began coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. Morgan Stanley raised their price target on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Citigroup cut their price objective on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their target price on TransDigm Group from $1,390.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Wednesday, August 7th. Finally, KeyCorp upped their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,461.82.

TransDigm Group Stock Performance

Shares of TDG stock opened at $1,260.32 on Friday. TransDigm Group Incorporated has a 1 year low of $949.99 and a 1 year high of $1,451.32. The firm has a market cap of $70.87 billion, a price-to-earnings ratio of 49.23, a PEG ratio of 2.19 and a beta of 1.43. The stock’s 50-day moving average is $1,359.76 and its two-hundred day moving average is $1,318.25.

TransDigm Group Increases Dividend

The company also recently declared a special dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $75.00 per share. 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.

Insider Buying and Selling at TransDigm Group

In related news, COO Joel Reiss sold 3,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,953,204. This represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,944 shares of company stock worth $23,541,085. 4.96% of the stock is owned by insiders.

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.