Macquarie Group Ltd. Has $628,000 Stake in TransDigm Group Incorporated (NYSE:TDG)

Macquarie Group Ltd. decreased its stake in TransDigm Group Incorporated (NYSE:TDG – Get Rating) by 24.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,197 shares of the aerospace company’s stock after selling 382 shares during the period. Macquarie Group Ltd.’s holdings in TransDigm Group were worth $628,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TDG. Riverview Trust Co acquired a new position in TransDigm Group in the third quarter valued at about $27,000. Guardian Wealth Advisors LLC acquired a new position in TransDigm Group in the third quarter valued at about $33,000. Massmutual Trust Co. FSB ADV lifted its stake in TransDigm Group by 112.1% in the third quarter. Massmutual Trust Co. FSB ADV now owns 70 shares of the aerospace company’s stock valued at $37,000 after buying an additional 37 shares during the period. Alta Advisers Ltd acquired a new position in TransDigm Group in the third quarter valued at about $52,000. Finally, NuWave Investment Management LLC acquired a new stake in shares of TransDigm Group during the third quarter worth about $89,000. Institutional investors and hedge funds own 96.00% of the company’s stock.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 4,439 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $739.22, for a total value of $3,281,397.58. Following the completion of the transaction, the director now directly owns 57,599 shares in the company, valued at $42,578,332.78. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Robert J. Small sold 4,439 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $739.22, for a total value of $3,281,397.58. Following the completion of the sale, the director now directly owns 57,599 shares of the company’s stock, valued at $42,578,332.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Nicholas Howley sold 6,500 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $620.35, for a total value of $4,032,275.00. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $13,367,301.80. The disclosure for this sale can be found here. Insiders sold a total of 284,213 shares of company stock worth $208,403,127 over the last ninety days. 7.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TDG has been the topic of a number of research analyst reports. Truist Financial raised their price target on TransDigm Group from $710.00 to $810.00 in a research report on Wednesday, February 8th. Cowen raised their price target on TransDigm Group from $695.00 to $830.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. Royal Bank of Canada raised their price target on TransDigm Group from $750.00 to $800.00 in a research report on Wednesday, February 8th. Credit Suisse Group raised their price target on TransDigm Group from $765.00 to $830.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. Finally, Wells Fargo & Company raised their price target on TransDigm Group from $660.00 to $710.00 and gave the stock an “equal weight” rating in a research report on Monday, February 6th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, TransDigm Group presently has a consensus rating of “Moderate Buy” and an average target price of $761.15.

TransDigm Group Stock Down 3.3 %

TDG stock opened at $717.12 on Monday. The business has a 50 day moving average price of $713.14 and a two-hundred day moving average price of $633.09. The company has a market cap of $39.15 billion, a price-to-earnings ratio of 48.49, a P/E/G ratio of 1.90 and a beta of 1.36. TransDigm Group Incorporated has a twelve month low of $499.63 and a twelve month high of $772.01.

TransDigm Group Profile

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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.