Pacer Advisors Inc. Acquires 2,009 Shares of TransDigm Group Incorporated (NYSE:TDG)

Pacer Advisors Inc. increased its holdings in TransDigm Group Incorporated (NYSE:TDG) by 33.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,971 shares of the aerospace company’s stock after buying an additional 2,009 shares during the period. Pacer Advisors Inc.’s holdings in TransDigm Group were worth $10,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Ascent Group LLC lifted its stake in shares of TransDigm Group by 2.6% during the 2nd quarter. Ascent Group LLC now owns 1,018 shares of the aerospace company’s stock worth $1,301,000 after purchasing an additional 26 shares during the last quarter. Creative Planning raised its holdings in TransDigm Group by 25.8% in the second quarter. Creative Planning now owns 5,624 shares of the aerospace company’s stock worth $7,185,000 after purchasing an additional 1,152 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of TransDigm Group by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,497 shares of the aerospace company’s stock valued at $5,745,000 after buying an additional 120 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of TransDigm Group by 749.8% in the 2nd quarter. NewEdge Advisors LLC now owns 1,844 shares of the aerospace company’s stock valued at $2,356,000 after buying an additional 1,627 shares in the last quarter. Finally, Quarry LP grew its position in shares of TransDigm Group by 775.0% in the 2nd quarter. Quarry LP now owns 140 shares of the aerospace company’s stock worth $179,000 after buying an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.1 %

Shares of TDG opened at $1,329.82 on Wednesday. TransDigm Group Incorporated has a 12-month low of $1,070.03 and a 12-month high of $1,451.32. The stock has a market cap of $74.78 billion, a P/E ratio of 51.95, a PEG ratio of 3.06 and a beta of 1.38. The company has a 50-day moving average of $1,281.79 and a two-hundred day moving average of $1,310.26.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TDG. Wells Fargo & Company lowered their target price on shares of TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Citigroup raised their price objective on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $1,444.00 to $1,348.00 in a research report on Thursday, January 2nd. KeyCorp raised their price target on TransDigm Group from $1,440.00 to $1,500.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Finally, Barclays restated an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a report on Monday, January 6th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,455.00.

Insider Buying and Selling

In other TransDigm Group news, CEO Kevin M. Stein sold 20,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the transaction, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. This trade represents a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $1,257.09, for a total value of $3,771,270.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares in the company, valued at $4,525,524. This represents a 45.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 89,525 shares of company stock worth $112,769,801 in the last ninety days. Insiders own 4.96% of the company’s stock.

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.