Citizens Financial Group Inc. RI Purchases 60 Shares of TransDigm Group Incorporated (NYSE:TDG)

Citizens Financial Group Inc. RI grew its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 10.8% in the 4th quarter, HoldingsChannel reports. The fund owned 615 shares of the aerospace company’s stock after buying an additional 60 shares during the period. Citizens Financial Group Inc. RI’s holdings in TransDigm Group were worth $779,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. CIBC Asset Management Inc boosted its position 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 worth $11,658,000 after purchasing an additional 644 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in TransDigm Group by 3.0% during the 3rd 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 in the last quarter. Westfield Capital Management Co. LP lifted its holdings in TransDigm Group by 2.4% during the 3rd quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock worth $530,980,000 after purchasing an additional 8,655 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in TransDigm Group by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in TransDigm Group by 0.9% during the 3rd quarter. Swiss National Bank now owns 166,100 shares of the aerospace company’s stock worth $237,046,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TDG. Barclays restated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a research note on Monday, January 6th. Wells Fargo & Company upgraded TransDigm Group from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Citigroup upped their target price on 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. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, StockNews.com upgraded TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,472.47.

TransDigm Group Price Performance

Shares of TDG stock opened at $1,326.51 on Thursday. The stock has a market capitalization of $74.40 billion, a PE ratio of 46.79, a P/E/G ratio of 2.76 and a beta of 1.38. TransDigm Group Incorporated has a 1-year low of $1,163.82 and a 1-year high of $1,451.32. The business has a 50-day moving average of $1,323.34 and a 200 day moving average of $1,326.99.

TransDigm Group (NYSE:TDG) last issued 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. The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. TransDigm Group’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $7.16 EPS. Analysts anticipate that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insiders Place Their Bets

In other TransDigm Group news, Director Robert J. Small sold 40,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $1,345.81, for a total value of $53,832,400.00. Following the completion of the sale, the director now owns 98,185 shares in the company, valued at approximately $132,138,354.85. This trade represents a 28.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,337,899.18. This trade represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 123,594 shares of company stock worth $164,002,398. 4.09% of the stock is currently owned by company insiders.

TransDigm Group Company 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.