Forsta AP Fonden Has $14.57 Million Stake in TransDigm Group Incorporated (NYSE:TDG)

Forsta AP Fonden lowered its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 30.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the aerospace company’s stock after selling 5,000 shares during the quarter. Forsta AP Fonden’s holdings in TransDigm Group were worth $14,574,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TDG. First Personal Financial Services bought a new position in shares of TransDigm Group during the 3rd quarter worth approximately $29,000. Erste Asset Management GmbH bought a new position in shares of TransDigm Group during the 3rd quarter worth approximately $29,000. Trust Co. of Vermont lifted its position in shares of TransDigm Group by 150.0% during the 4th quarter. Trust Co. of Vermont now owns 25 shares of the aerospace company’s stock worth $32,000 after buying an additional 15 shares in the last quarter. Versant Capital Management Inc lifted its position 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 buying an additional 18 shares in the last quarter. Finally, DT Investment Partners LLC lifted its position in shares of TransDigm Group by 68.8% during the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock worth $39,000 after buying an additional 11 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Insider Activity

In related news, CEO Kevin M. Stein sold 20,000 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $1,267.21, for a total value of $25,344,200.00. Following the completion of the transaction, the chief executive officer now directly owns 8,158 shares in the company, valued at approximately $10,337,899.18. The trade was a 71.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $1,359.06, for a total transaction of $4,077,180.00. Following the completion of the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,892,616. This trade 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 three months. Corporate insiders own 4.96% of the company’s stock.

Analysts Set New Price Targets

TDG has been the topic of several recent analyst reports. KeyCorp lifted their target price on shares of 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. JPMorgan Chase & Co. lifted their price target on shares of TransDigm Group from $1,435.00 to $1,555.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 8th. Truist Financial lifted their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $1,500.00 price target on shares of TransDigm Group in a report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,455.00.

TransDigm Group Price Performance

TDG opened at $1,338.79 on Thursday. The company has a fifty day moving average price of $1,283.36 and a 200-day moving average price of $1,310.87. The firm has a market capitalization of $75.28 billion, a P/E ratio of 52.30, a price-to-earnings-growth ratio of 3.06 and a beta of 1.38. TransDigm Group Incorporated has a one year low of $1,078.54 and a one year high of $1,451.32.

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.