TransDigm Group Incorporated (NYSE:TDG), watched as one if its leaders altered their position with the company that resulted in the insider raising his holdings with the company. Through a transaction that began last week, and was completed today, August 25th. Executive Vice President Jorge Valladares picked up a total of 5,000 shares of common stock at an average price of $22.21 per share. Following this move, Valladares now holds 5,000 shares in the company directly.
In addition, TransDigm Group Incorporated (NYSE:TDG) is a $9.81 billion market cap company that is a global designer, producer and supplier of aircraft components for use on commercial and military aircraft in service. As well, once its parts are designed into and sold on a new aircraft, it generates sales from aftermarket consumption over the life of that aircraft.
The largest hedge fund involvement comes from Tiger Global Management Llc, the hedge fund run by power players Chase Coleman And Feroz Dewan, which holds about 2.5 million shares worth nearly $427 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.