Fred Alger Management LLC Has $224.76 Million Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Fred Alger Management LLC lowered its position in TransDigm Group Incorporated (NYSE:TDG) by 12.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 157,493 shares of the aerospace company’s stock after selling 21,673 shares during the quarter. TransDigm Group accounts for about 1.1% of Fred Alger Management LLC’s holdings, making the stock its 18th largest position. Fred Alger Management LLC’s holdings in TransDigm Group were worth $224,763,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. First Personal Financial Services bought a new stake in shares of TransDigm Group in the 3rd quarter valued at approximately $29,000. Fortitude Family Office LLC lifted its position in shares of TransDigm Group by 283.3% during the second quarter. Fortitude Family Office LLC now owns 23 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 17 shares in the last quarter. DT Investment Partners LLC boosted its position in TransDigm Group by 68.8% in the 3rd quarter. DT Investment Partners LLC now owns 27 shares of the aerospace company’s stock valued at $39,000 after buying an additional 11 shares during the last quarter. Meeder Asset Management Inc. increased its position in TransDigm Group by 275.0% in the second quarter. Meeder Asset Management Inc. now owns 30 shares of the aerospace company’s stock worth $38,000 after purchasing an additional 22 shares during the period. Finally, Hershey Financial Advisers LLC bought a new stake in shares of TransDigm Group during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 95.78% of the company’s stock.

TransDigm Group Trading Down 1.1 %

TransDigm Group stock opened at $1,249.33 on Friday. TransDigm Group Incorporated has a 12 month low of $949.99 and a 12 month high of $1,451.32. The business’s fifty day simple moving average is $1,349.97 and its two-hundred day simple moving average is $1,316.58. The company has a market capitalization of $70.25 billion, a price-to-earnings ratio of 48.80, a price-to-earnings-growth ratio of 2.81 and a beta of 1.43.

TransDigm Group Increases Dividend

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

Insiders Place Their Bets

In other news, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,953,204. This represents a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 value of $7,676,395.20. Following the completion of the sale, the director now owns 21,548 shares of the company’s stock, valued at $30,228,611.80. This trade represents a 20.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,944 shares of company stock valued at $23,541,085. 4.96% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on TDG shares. KeyCorp boosted their target price on TransDigm Group from $1,440.00 to $1,500.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Morgan Stanley boosted their price target 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. StockNews.com upgraded shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Susquehanna increased their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a “neutral” rating in a research note on Wednesday, August 7th. Finally, UBS Group reduced their price objective on TransDigm Group from $1,466.00 to $1,423.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.