PNC Financial Services Group Inc. Has $85.62 Million Position in TransDigm Group Incorporated (NYSE:TDG)

PNC Financial Services Group Inc. grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 126.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,559 shares of the aerospace company’s stock after purchasing an additional 37,678 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.12% of TransDigm Group worth $85,616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TDG. First Personal Financial Services bought a new stake in TransDigm Group during the 3rd quarter worth approximately $29,000. Erste Asset Management GmbH bought a new stake in shares of TransDigm Group during the 3rd quarter valued at about $29,000. Capital Advisors Ltd. LLC increased its stake in TransDigm Group by 200.0% in the fourth quarter. Capital Advisors Ltd. LLC now owns 24 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 16 shares in the last quarter. Trust Co. of Vermont lifted its holdings in shares of TransDigm Group by 150.0% in the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 15 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 18 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,525,524. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the completion of the transaction, the director now owns 21,548 shares in the company, valued at $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,647 shares of company stock valued at $155,847,223. 4.09% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TDG has been the topic of several recent analyst reports. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price on the stock in a research report on Monday, February 24th. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Barclays reaffirmed an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial increased their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Citigroup boosted their price target on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,472.47.

TransDigm Group Trading Down 0.4 %

Shares of TDG stock opened at $1,339.77 on Friday. The stock has a 50 day moving average of $1,319.94 and a 200 day moving average of $1,326.72. TransDigm Group Incorporated has a twelve month low of $1,136.27 and a twelve month high of $1,451.32. The stock has a market cap of $75.14 billion, a P/E ratio of 47.26, a P/E/G ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last released its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share 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 the consensus estimate of $2.03 billion. During the same quarter last year, the business posted $7.16 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, research analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal 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.