TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Alliance Wealth Advisors LLC

Alliance Wealth Advisors LLC cut its stake in TransDigm Group Incorporated (NYSE:TDG) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 2,248 shares of the aerospace company’s stock after selling 16 shares during the period. TransDigm Group comprises 1.6% of Alliance Wealth Advisors LLC’s portfolio, making the stock its 13th largest position. Alliance Wealth Advisors LLC’s holdings in TransDigm Group were worth $2,849,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CIBC Asset Management Inc lifted its stake in TransDigm Group by 8.6% in the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after buying an additional 644 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in TransDigm Group by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 274,620 shares of the aerospace company’s stock worth $391,918,000 after purchasing an additional 7,947 shares during the period. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock valued at $2,851,160,000 after acquiring an additional 173,642 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in TransDigm Group by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after buying an additional 8,655 shares in the last quarter. Finally, Swiss National Bank grew its holdings in shares of TransDigm Group by 0.9% in the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup upped their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. KeyCorp raised their price objective on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 8th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $1,375.00 to $1,500.00 in a report on Friday. Finally, Barclays reissued an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,462.35.

Insider Buying and Selling

In other news, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the sale, the director now owns 567,323 shares in the company, valued at $708,461,615.94. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at approximately $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 89,525 shares of company stock worth $112,769,801. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Stock Performance

Shares of TDG opened at $1,329.35 on Friday. The stock has a market capitalization of $74.55 billion, a price-to-earnings ratio of 46.89, a PEG ratio of 2.86 and a beta of 1.40. TransDigm Group Incorporated has a 52 week low of $1,100.86 and a 52 week high of $1,451.32. The stock has a fifty day moving average of $1,294.68 and a 200-day moving average of $1,314.40.

TransDigm Group (NYSE:TDG) last announced its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating the consensus estimate of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the prior year, the business posted $7.16 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. As a group, equities analysts forecast that TransDigm Group Incorporated will post 34.11 EPS for the current year.

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.