TransDigm Group Incorporated (NYSE:TDG) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,574 shares of the aerospace company’s stock after purchasing an additional 846 shares during the quarter. Pictet Asset Management Holding SA’s holdings in TransDigm Group were worth $32,409,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TDG. JPMorgan Chase & Co. grew its position in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after buying an additional 173,642 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in TransDigm Group by 7.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 16,323 shares of the aerospace company’s stock worth $23,295,000 after acquiring an additional 1,086 shares during the last quarter. Unigestion Holding SA purchased a new stake in shares of TransDigm Group in the 3rd quarter valued at approximately $1,476,000. Triasima Portfolio Management inc. purchased a new stake in shares of TransDigm Group in the 4th quarter valued at approximately $911,000. Finally, HighTower Advisors LLC raised its holdings in shares of TransDigm Group by 82.9% in the 3rd quarter. HighTower Advisors LLC now owns 15,216 shares of the aerospace company’s stock valued at $21,663,000 after purchasing an additional 6,895 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 0.5 %

TransDigm Group stock opened at $1,377.22 on Monday. The stock has a market capitalization of $77.24 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 2.76 and a beta of 1.38. The stock has a 50 day moving average of $1,343.19 and a two-hundred day moving average of $1,329.73. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,451.32.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. TransDigm Group’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $7.16 EPS. Equities analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on TDG shares. Citigroup increased their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Barclays reiterated an “equal weight” rating and issued a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Wells Fargo & Company boosted their target price on TransDigm Group from $1,500.00 to $1,580.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft lowered shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, UBS Group upgraded shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,477.18.

Insider Transactions at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $1,296.77, for a total transaction of $7,095,925.44. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $27,942,799.96. This represents a 20.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were 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 directly 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. Insiders have sold a total of 124,594 shares of company stock worth $165,646,468 over the last ninety days. 4.09% of the stock is currently owned by company insiders.

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.