CIBC Asset Management Inc Acquires 163 Shares of TransDigm Group Incorporated (NYSE:TDG)

CIBC Asset Management Inc increased its holdings in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,950 shares of the aerospace company’s stock after acquiring an additional 163 shares during the period. CIBC Asset Management Inc’s holdings in TransDigm Group were worth $3,092,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital International Investors grew its position in TransDigm Group by 0.8% during the 2nd quarter. Capital International Investors now owns 6,502,181 shares of the aerospace company’s stock worth $4,208,741,000 after acquiring an additional 48,633 shares during the last quarter. Vanguard Group Inc. grew its position in TransDigm Group by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 5,503,856 shares of the aerospace company’s stock worth $3,562,591,000 after acquiring an additional 14,767 shares during the last quarter. BlackRock Inc. grew its position in TransDigm Group by 2.3% during the 2nd quarter. BlackRock Inc. now owns 4,129,836 shares of the aerospace company’s stock worth $2,673,203,000 after acquiring an additional 91,111 shares during the last quarter. Altarock Partners LLC grew its position in TransDigm Group by 31.9% during the 2nd quarter. Altarock Partners LLC now owns 1,256,182 shares of the aerospace company’s stock worth $813,114,000 after acquiring an additional 303,619 shares during the last quarter. Finally, FMR LLC lifted its holdings in TransDigm Group by 3.0% during the 2nd quarter. FMR LLC now owns 1,146,932 shares of the aerospace company’s stock worth $742,398,000 after buying an additional 33,171 shares in the last quarter. Institutional investors and hedge funds own 96.24% of the company’s stock.

Several research analysts have issued reports on TDG shares. Susquehanna upped their price objective on TransDigm Group from $680.00 to $708.00 and gave the stock a “neutral” rating in a report on Wednesday, November 17th. Zacks Investment Research raised TransDigm Group from a “hold” rating to a “buy” rating and set a $678.00 price objective on the stock in a report on Tuesday, October 19th. JPMorgan Chase & Co. upped their price objective on TransDigm Group from $665.00 to $670.00 and gave the stock a “neutral” rating in a report on Friday, December 3rd. Susquehanna Bancshares upped their price objective on TransDigm Group from $680.00 to $708.00 and gave the stock a “neutral” rating in a report on Wednesday, November 17th. Finally, began coverage on TransDigm Group in a report on Friday, October 22nd. They set a “buy” rating and a $701.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, TransDigm Group has an average rating of “Buy” and a consensus target price of $726.68.

Shares of TransDigm Group stock opened at $645.38 on Friday. The company has a market capitalization of $35.66 billion, a PE ratio of 62.18, a PEG ratio of 2.73 and a beta of 1.57. TransDigm Group Incorporated has a 12 month low of $517.37 and a 12 month high of $688.03. The stock’s fifty day simple moving average is $623.48 and its 200 day simple moving average is $627.33.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, November 16th. The aerospace company reported $4.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.70 by $0.55. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.32 billion. TransDigm Group had a negative return on equity of 20.33% and a net margin of 14.17%. The firm’s revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.80 EPS. Equities research analysts predict that TransDigm Group Incorporated will post 13.9 EPS for the current fiscal year.

In other news, Director Jane M. Cronin bought 300 shares of the stock in a transaction on Friday, November 19th. The stock was purchased at an average price of $634.27 per share, for a total transaction of $190,281.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director W Nicholas Howley sold 11,500 shares of the stock in a transaction dated Wednesday, December 15th. The stock was sold at an average price of $571.72, for a total value of $6,574,780.00. The disclosure for this sale can be found here. Insiders have sold a total of 61,500 shares of company stock worth $39,305,280 in the last ninety days. 9.13% of the stock is currently owned by company insiders.

TransDigm Group Profile

TransDigm Group, Inc engages in the production of engineered aerospace components, systems and subsystems. It operates through the following segments: Power and Control, Airframe and Non-Aviation. The Power and Control segment includes operations that primarily develop, produce and market systems and components that provide power to or control power of the aircraft utilizing electronic, fluid, power and mechanical motion control technologies.

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

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