Quest Partners LLC Increases Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Quest Partners LLC grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 66.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,117 shares of the aerospace company’s stock after purchasing an additional 847 shares during the quarter. Quest Partners LLC’s holdings in TransDigm Group were worth $3,021,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Portfolio Solutions LLC increased its position in TransDigm Group by 47.8% during the first quarter. Orion Portfolio Solutions LLC now owns 878 shares of the aerospace company’s stock worth $1,081,000 after buying an additional 284 shares during the period. Covestor Ltd increased its holdings in shares of TransDigm Group by 279.2% in the 1st quarter. Covestor Ltd now owns 91 shares of the aerospace company’s stock valued at $113,000 after acquiring an additional 67 shares during the period. O Shaughnessy Asset Management LLC raised its position in TransDigm Group by 19.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,798 shares of the aerospace company’s stock valued at $3,446,000 after purchasing an additional 452 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in TransDigm Group during the 1st quarter worth $5,699,000. Finally, UniSuper Management Pty Ltd grew its position in TransDigm Group by 233.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,556 shares of the aerospace company’s stock worth $1,916,000 after purchasing an additional 1,089 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling

In other TransDigm Group news, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total transaction of $4,127,670.00. Following the completion of the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the completion of the sale, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. This trade represents a 20.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TDG has been the subject of a number of research reports. Northcoast Research initiated coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. Morgan Stanley upped their price objective on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Wednesday, August 7th. Royal Bank of Canada reiterated an “outperform” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Wednesday, August 7th. Citigroup cut their price target on TransDigm Group from $1,648.00 to $1,563.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Finally, UBS Group decreased their price target on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,461.82.

TransDigm Group Trading Down 1.4 %

Shares of TDG opened at $1,254.16 on Monday. TransDigm Group Incorporated has a twelve month low of $949.99 and a twelve month high of $1,451.32. The firm has a market capitalization of $70.52 billion, a P/E ratio of 48.99, a PEG ratio of 2.22 and a beta of 1.43. The firm’s 50-day moving average is $1,366.93 and its two-hundred day moving average is $1,319.64.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Investors of record on Friday, October 4th were paid a $75.00 dividend. This is an increase from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date was Friday, October 4th.

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.