TransDigm Group (NYSE:TDG) Cut to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group (NYSE:TDG) from a buy rating to a hold rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have $1,348.00 price target on the aerospace company’s stock, down from their prior price target of $1,444.00.

TDG has been the topic of a number of other research reports. Citigroup lifted their target price on shares of TransDigm Group from $1,563.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Wells Fargo & Company lowered their price target on TransDigm Group from $1,500.00 to $1,375.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 11th. StockNews.com cut shares of TransDigm Group from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. JPMorgan Chase & Co. upped their target price on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a research report on Monday, October 14th. Finally, KeyCorp increased their price objective on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,452.00.

TransDigm Group Trading Up 1.7 %

Shares of NYSE:TDG opened at $1,275.56 on Thursday. TransDigm Group has a 12-month low of $974.05 and a 12-month high of $1,451.32. The company has a market cap of $71.72 billion, a PE ratio of 49.83, a price-to-earnings-growth ratio of 2.89 and a beta of 1.39. The stock has a 50 day moving average of $1,286.86 and a 200 day moving average of $1,308.30.

Insider Buying and Selling at TransDigm Group

In other news, CEO Kevin M. Stein sold 20,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $1,248.07, for a total transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,181,755.06. The trade was a 71.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Small sold 38,053 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.78, for a total value of $47,519,825.34. Following the completion of the transaction, the director now directly owns 567,323 shares in the company, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,525 shares of company stock valued at $88,134,141 in the last quarter. 4.96% of the stock is owned by insiders.

Hedge Funds Weigh In On TransDigm Group

A number of hedge funds and other institutional investors have recently modified their holdings of TDG. First Personal Financial Services bought a new stake in TransDigm Group during the 3rd quarter valued at $29,000. Erste Asset Management GmbH purchased a new position in shares of TransDigm Group in the 3rd quarter worth approximately $29,000. Versant Capital Management Inc raised its stake in shares of TransDigm Group by 225.0% during the 4th quarter. Versant Capital Management Inc now owns 26 shares of the aerospace company’s stock worth $33,000 after acquiring an additional 18 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 22 shares in the last quarter. Finally, DT Investment Partners LLC grew its holdings in TransDigm Group by 68.8% in the third quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after purchasing an additional 11 shares during the last quarter. 95.78% of the stock is currently owned by institutional investors.

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.