Avestar Capital LLC Purchases 79 Shares of TransDigm Group Incorporated (NYSE:TDG)

Avestar Capital LLC grew its position in TransDigm Group Incorporated (NYSE:TDG) by 14.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 611 shares of the aerospace company’s stock after buying an additional 79 shares during the quarter. 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 hedge funds and other institutional investors have also made changes to their positions in TDG. FMR LLC grew its holdings in TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company’s stock worth $2,740,348,000 after acquiring an additional 43,604 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of TransDigm Group by 2.4% during the third quarter. Westfield Capital Management Co. LP now owns 372,061 shares of the aerospace company’s stock valued at $530,980,000 after purchasing an additional 8,655 shares in the last quarter. Legal & General Group Plc increased its holdings in TransDigm Group by 2.6% during the second quarter. Legal & General Group Plc now owns 365,745 shares of the aerospace company’s stock valued at $467,282,000 after buying an additional 9,180 shares during the period. Charles Schwab Investment Management Inc. raised its stake in TransDigm Group by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 338,106 shares of the aerospace company’s stock worth $482,521,000 after buying an additional 4,481 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in TransDigm Group by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 320,771 shares of the aerospace company’s stock worth $409,821,000 after buying an additional 1,035 shares during the period. Institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was 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 owns 3,600 shares in the company, valued at $4,953,204. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a filing 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 on Tuesday, October 15th. The stock was sold at an average price of $1,402.85, for a total transaction of $7,676,395.20. Following the transaction, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,944 shares of company stock valued at $23,541,085. Corporate insiders own 4.96% of the company’s stock.

TransDigm Group Stock Up 0.0 %

Shares of TDG stock opened at $1,261.06 on Wednesday. The stock has a market cap of $70.91 billion, a PE ratio of 49.26, a price-to-earnings-growth ratio of 2.84 and a beta of 1.43. TransDigm Group Incorporated has a 52-week low of $949.99 and a 52-week high of $1,451.32. The business has a 50-day simple moving average of $1,355.24 and a 200-day simple moving average of $1,317.52.

TransDigm Group Increases Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on TDG. Jefferies Financial Group reduced their price target on 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. KeyCorp increased their price target on shares of TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Morgan Stanley lifted their price objective on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of TransDigm Group from $1,524.00 to $1,577.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Northcoast Research initiated coverage on TransDigm Group in a research report on Thursday, August 1st. They set a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,461.82.

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.