Pacer Advisors Inc. Increases Stock Holdings in TransDigm Group Incorporated (NYSE:TDG)

Pacer Advisors Inc. raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,651 shares of the aerospace company’s stock after purchasing an additional 163 shares during the quarter. Pacer Advisors Inc.’s holdings in TransDigm Group were worth $5,942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital World Investors boosted its stake in shares of TransDigm Group by 14.3% in the first quarter. Capital World Investors now owns 3,535,539 shares of the aerospace company’s stock valued at $4,354,369,000 after buying an additional 442,182 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of TransDigm Group by 13.1% in the first quarter. JPMorgan Chase & Co. now owns 1,669,460 shares of the aerospace company’s stock valued at $2,056,109,000 after buying an additional 192,962 shares in the last quarter. Argent Capital Management LLC purchased a new stake in shares of TransDigm Group in the first quarter valued at approximately $75,910,000. Vanguard Group Inc. boosted its stake in shares of TransDigm Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 6,047,083 shares of the aerospace company’s stock valued at $7,447,587,000 after buying an additional 58,243 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of TransDigm Group by 58.0% in the fourth quarter. Hsbc Holdings PLC now owns 86,954 shares of the aerospace company’s stock valued at $87,923,000 after buying an additional 31,909 shares in the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TransDigm Group

In other TransDigm Group news, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated 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 completion of the sale, the director now directly owns 21,548 shares in the company, valued at $29,659,098.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total transaction of $12,282,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,019,981.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated 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 owns 21,548 shares of the company’s stock, valued at $29,659,098.16. 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 currently owned by insiders.

TransDigm Group Stock Up 0.7 %

NYSE TDG opened at $1,417.98 on Tuesday. The stock has a market cap of $79.35 billion, a price-to-earnings ratio of 56.25, a price-to-earnings-growth ratio of 2.16 and a beta of 1.42. The business has a fifty day moving average of $1,297.53 and a 200-day moving average of $1,278.23. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,423.02.

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

TransDigm Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be paid a $75.00 dividend. This is a positive change from TransDigm Group’s previous dividend of $32.50. The ex-dividend date is Friday, October 4th.

Analyst Ratings Changes

A number of analysts recently weighed in on TDG shares. KeyCorp lifted their price target on TransDigm Group from $1,325.00 to $1,440.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Bank of America boosted their target price on TransDigm Group from $1,310.00 to $1,460.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Susquehanna boosted their target price on TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. JPMorgan Chase & Co. boosted their target price on TransDigm Group from $1,350.00 to $1,435.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 4th. Finally, Stifel Nicolaus boosted their target price on TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a “hold” rating in a research report on Friday, June 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,438.24.

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.