Diversified Trust Co Buys New Position in TransDigm Group Incorporated (NYSE:TDG)
Diversified Trust Co bought a new stake in shares of TransDigm Group Incorporated (NYSE:TDG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,054 shares of the aerospace company’s stock, valued at approximately $501,000.
Other large investors have also recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in TransDigm Group by 3.2% in the second quarter. California Public Employees Retirement System now owns 116,686 shares of the aerospace company’s stock worth $51,581,000 after acquiring an additional 3,668 shares in the last quarter. AQR Capital Management LLC increased its position in shares of TransDigm Group by 1.7% during the first quarter. AQR Capital Management LLC now owns 6,928 shares of the aerospace company’s stock valued at $2,218,000 after acquiring an additional 114 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of TransDigm Group by 16.6% during the first quarter. Guggenheim Capital LLC now owns 16,481 shares of the aerospace company’s stock valued at $5,278,000 after acquiring an additional 2,345 shares during the last quarter. APG Asset Management N.V. increased its position in shares of TransDigm Group by 54.6% during the first quarter. APG Asset Management N.V. now owns 308,532 shares of the aerospace company’s stock valued at $98,789,000 after acquiring an additional 109,024 shares during the last quarter. Finally, Two Sigma Advisers LP increased its position in TransDigm Group by 847.6% in the first quarter. Two Sigma Advisers LP now owns 20,848 shares of the aerospace company’s stock worth $6,675,000 after buying an additional 18,648 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.
TDG opened at $491.99 on Friday. The company has a market cap of $26.67 billion, a P/E ratio of 40.46, a P/E/G ratio of 10.24 and a beta of 1.52. The business’s 50-day moving average price is $495.87 and its 200-day moving average price is $428.28. TransDigm Group Incorporated has a 12 month low of $200.06 and a 12 month high of $673.51.
TDG has been the subject of a number of analyst reports. Zacks Investment Research raised TransDigm Group from a “sell” rating to a “hold” rating and set a $370.00 price target for the company in a report on Tuesday, July 7th. Canaccord Genuity reissued a “buy” rating and set a $500.00 price objective on shares of TransDigm Group in a research note on Wednesday, August 5th. 140166 started coverage on TransDigm Group in a research note on Tuesday, June 23rd. They set a “neutral” rating and a $494.00 price objective for the company. Barclays lifted their price objective on TransDigm Group from $445.00 to $550.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Finally, ValuEngine raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Monday, October 12th. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $497.00.
In related news, VP Robert S. Henderson sold 10,000 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $483.55, for a total transaction of $4,835,500.00. Following the transaction, the vice president now owns 35,000 shares in the company, valued at approximately $16,924,250. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman W Nicholas Howley sold 21,548 shares of the business’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $473.60, for a total value of $10,205,132.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 151,972 shares of company stock worth $75,857,532. 8.17% of the stock is owned by company insiders.
About TransDigm Group
TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The company operates in three segments: Power & Control, Airframe, and Non-aviation. 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, databus and power controls, hoists, winches and lifting devices, and cargo loading and handling systems.
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