Canada Pension Plan Investment Board Has $185.78 Million Position in TransDigm Group Incorporated (NYSE:TDG)

Canada Pension Plan Investment Board boosted its position in TransDigm Group Incorporated (NYSE:TDG) by 13.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 145,411 shares of the aerospace company’s stock after acquiring an additional 17,182 shares during the quarter. Canada Pension Plan Investment Board owned 0.26% of TransDigm Group worth $185,779,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC raised its stake in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 17 shares during the last quarter. ORG Partners LLC bought a new stake in shares of TransDigm Group in the 1st quarter valued at about $30,000. Meeder Asset Management Inc. raised its position in shares of TransDigm Group by 275.0% during the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 22 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in TransDigm Group in the first quarter valued at $39,000. Finally, Crewe Advisors LLC acquired a new stake in shares of TransDigm Group in the 1st quarter valued at about $46,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

Wall Street Analysts Forecast Growth

TDG has been the subject of several research reports. Stifel Nicolaus lifted their price target on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the company a “hold” rating in a research report on Friday, June 7th. Northcoast Research began coverage on shares of TransDigm Group in a research report on Thursday, August 1st. They issued a “neutral” rating on the stock. UBS Group decreased their price objective 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. JPMorgan Chase & Co. lifted their target price on TransDigm Group from $1,350.00 to $1,435.00 and gave the company a “neutral” rating in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Wednesday, August 7th. Eight equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,438.24.

TransDigm Group Trading Up 1.3 %

TransDigm Group stock opened at $1,408.03 on Friday. The firm has a market capitalization of $78.79 billion, a price-to-earnings ratio of 55.85, a P/E/G ratio of 2.16 and a beta of 1.42. The firm has a 50 day simple moving average of $1,294.01 and a 200 day simple moving average of $1,274.97. TransDigm Group Incorporated has a 1-year low of $802.46 and a 1-year high of $1,419.99.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The firm’s quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.55 EPS. On average, equities research analysts forecast that TransDigm Group Incorporated will post 30.69 EPS for the current year.

Insider Activity

In related news, Director W Nicholas Howley sold 5,073 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the sale, the director now owns 21,548 shares in the company, valued at $26,769,080.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director W Nicholas Howley sold 5,073 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $1,242.30, for a total value of $6,302,187.90. Following the transaction, the director now directly owns 21,548 shares in the company, valued at $26,769,080.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the firm’s stock in a transaction on 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 sale, the chief operating officer now owns 3,600 shares in the company, valued at approximately $4,953,204. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,545 shares of company stock worth $46,454,828. 4.96% of the stock is owned by company insiders.

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.