Avestar Capital LLC Increases Stake in TransDigm Group Incorporated (NYSE:TDG)

Avestar Capital LLC lifted its holdings in TransDigm Group Incorporated (NYSE:TDG) by 14.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 611 shares of the aerospace company’s stock after purchasing an additional 79 shares during the period. Avestar Capital LLC’s holdings in TransDigm Group were worth $872,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of TransDigm Group by 17.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,898 shares of the aerospace company’s stock worth $4,980,000 after purchasing an additional 567 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of TransDigm Group by 26.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,826 shares of the aerospace company’s stock valued at $4,888,000 after buying an additional 789 shares during the period. CIBC Asset Management Inc lifted its holdings in TransDigm Group by 8.6% in the third quarter. CIBC Asset Management Inc now owns 8,169 shares of the aerospace company’s stock valued at $11,658,000 after acquiring an additional 644 shares during the last quarter. Cetera Investment Advisers grew its position in TransDigm Group by 90.5% in the first quarter. Cetera Investment Advisers now owns 4,015 shares of the aerospace company’s stock worth $4,945,000 after acquiring an additional 1,907 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its position in TransDigm Group by 130.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 29,322 shares of the aerospace company’s stock valued at $35,981,000 after purchasing an additional 16,578 shares during the period. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TransDigm Group news, 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 transaction, the chief operating officer now directly owns 3,600 shares of the company’s stock, valued at approximately $4,953,204. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director W Nicholas Howley sold 5,472 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the completion of the sale, the director now directly owns 21,548 shares of the company’s stock, valued at $30,228,611.80. The trade was a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,944 shares of company stock worth $23,541,085. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 0.0 %

Shares of NYSE:TDG opened at $1,261.06 on Wednesday. TransDigm Group Incorporated has a fifty-two week low of $949.99 and a fifty-two week high of $1,451.32. The firm’s 50 day moving average price is $1,355.24 and its 200 day moving average price is $1,317.52. The stock has a market cap of $70.91 billion, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43.

TransDigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were given a dividend of $75.00 per share. This is a boost from TransDigm Group’s previous special dividend of $32.50. The ex-dividend date of this dividend was Friday, October 4th.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TDG shares. JPMorgan Chase & Co. increased their price target on TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Susquehanna lifted their price target on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research report on Wednesday, August 7th. Jefferies Financial Group lowered their price objective on shares of TransDigm Group from $1,625.00 to $1,515.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Deutsche Bank Aktiengesellschaft boosted their target price on TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Finally, 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 research report on Thursday, October 24th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TransDigm Group has an average rating of “Moderate Buy” and a consensus target price of $1,461.82.

TransDigm Group Company 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.