TransDigm Group Incorporated (NYSE:TDG) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 171.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,174 shares of the aerospace company’s stock after purchasing an additional 3,900 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in TransDigm Group were worth $8,424,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC raised its holdings in shares of TransDigm Group by 15.0% during the 4th quarter. Advisory Services Network LLC now owns 5,846 shares of the aerospace company’s stock valued at $5,913,000 after buying an additional 762 shares during the period. Intech Investment Management LLC grew its holdings in TransDigm Group by 68.2% during the 4th quarter. Intech Investment Management LLC now owns 8,531 shares of the aerospace company’s stock valued at $8,630,000 after purchasing an additional 3,458 shares in the last quarter. Brevan Howard Capital Management LP purchased a new stake in TransDigm Group during the 4th quarter worth $1,909,000. Wealth Enhancement Advisory Services LLC lifted its holdings in TransDigm Group by 17.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after buying an additional 567 shares in the last quarter. Finally, UBS Group AG lifted its holdings in TransDigm Group by 9.4% in the 4th quarter. UBS Group AG now owns 36,433 shares of the aerospace company’s stock worth $36,856,000 after buying an additional 3,120 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TDG. KeyCorp lifted their target price on TransDigm Group from $1,325.00 to $1,440.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Morgan Stanley upped their target price on TransDigm Group from $1,550.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Truist Financial raised their price target on shares of TransDigm Group from $1,425.00 to $1,483.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. UBS Group cut their price target on shares of TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Northcoast Research started coverage on shares of TransDigm Group in a report on Thursday, August 1st. They set a “neutral” rating for the company. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,438.24.

TransDigm Group Trading Up 1.3 %

Shares of NYSE TDG opened at $1,408.03 on Friday. The company has a market cap of $78.79 billion, a price-to-earnings ratio of 55.85, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. The stock’s 50 day simple moving average is $1,294.01 and its 200 day simple moving average is $1,274.97. TransDigm Group Incorporated has a 12-month low of $802.46 and a 12-month high of $1,419.99.

TransDigm Group (NYSE:TDG) last announced its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the previous year, the company posted $6.55 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, equities analysts forecast that TransDigm Group Incorporated will post 30.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total transaction of $7,531,770.24. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at $29,659,098.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $1,376.42, for a total value of $7,531,770.24. Following the sale, the director now directly owns 21,548 shares in the company, valued at approximately $29,659,098.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin M. Stein sold 10,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,545 shares of company stock worth $46,454,828. Insiders own 4.96% of the company’s stock.

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.