Pier 88 Investment Partners LLC Sells 2,520 Shares of TransDigm Group Incorporated (NYSE:TDG)

Pier 88 Investment Partners LLC cut its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 88.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 325 shares of the aerospace company’s stock after selling 2,520 shares during the quarter. Pier 88 Investment Partners LLC’s holdings in TransDigm Group were worth $412,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Townsquare Capital LLC grew its holdings in TransDigm Group by 25.0% in the third quarter. Townsquare Capital LLC now owns 1,276 shares of the aerospace company’s stock worth $1,821,000 after purchasing an additional 255 shares during the period. Public Sector Pension Investment Board grew its stake in shares of TransDigm Group by 13.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,453 shares of the aerospace company’s stock worth $3,501,000 after buying an additional 300 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in TransDigm Group by 17.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 14,721 shares of the aerospace company’s stock valued at $21,004,000 after buying an additional 2,224 shares in the last quarter. Captrust Financial Advisors raised its stake in TransDigm Group by 0.8% during the third quarter. Captrust Financial Advisors now owns 2,449 shares of the aerospace company’s stock valued at $3,494,000 after buying an additional 20 shares during the last quarter. Finally, Acropolis Investment Management LLC bought a new stake in TransDigm Group in the third quarter worth $103,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

TransDigm Group Price Performance

NYSE:TDG opened at $1,377.22 on Monday. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The business has a fifty day moving average price of $1,343.19 and a 200-day moving average price of $1,329.73. The firm has a market capitalization of $77.24 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping the consensus estimate of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company earned $7.16 earnings per share. On average, equities research analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Buying and Selling at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the business’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total value of $4,077,180.00. Following the transaction, the chief operating officer now directly owns 3,600 shares in the company, valued at $4,892,616. The trade was a 45.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at $10,337,899.18. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 124,594 shares of company stock valued at $165,646,468 over the last 90 days. 4.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TDG has been the subject of several analyst reports. StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 target price for the company in a report on Monday, February 24th. Citigroup increased 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 report on Thursday, December 5th. Truist Financial upped their price objective on TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Barclays reissued an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,477.18.

TransDigm Group Profile

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.