TransDigm Group Incorporated (NYSE:TDG) Shares Bought by Darsana Capital Partners LP

Darsana Capital Partners LP lifted its position in shares of TransDigm Group Incorporated (NYSE:TDG) by 21.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,000 shares of the aerospace company’s stock after purchasing an additional 35,000 shares during the period. TransDigm Group comprises about 7.7% of Darsana Capital Partners LP’s holdings, making the stock its 8th largest position. Darsana Capital Partners LP owned 0.36% of TransDigm Group worth $253,456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TDG. Anchor Investment Management LLC boosted its stake in TransDigm Group by 5.0% during the 3rd quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company’s stock worth $1,309,000 after purchasing an additional 44 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of TransDigm Group during the third quarter worth about $618,000. Franklin Resources Inc. grew its holdings in shares of TransDigm Group by 2.2% during the third quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company’s stock worth $290,151,000 after buying an additional 4,442 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of TransDigm Group in the third quarter valued at approximately $716,000. Finally, JPMorgan Chase & Co. raised its stake in shares of TransDigm Group by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after purchasing an additional 173,642 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut shares of TransDigm Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. StockNews.com raised shares of TransDigm Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 23rd. Barclays reiterated an “equal weight” rating and set a $1,500.00 target price on shares of TransDigm Group in a research report on Monday, January 6th. UBS Group upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research report on Monday, February 24th. Finally, Susquehanna boosted their target price on shares of TransDigm Group from $1,250.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,464.41.

TransDigm Group Stock Performance

NYSE:TDG opened at $1,411.55 on Thursday. TransDigm Group Incorporated has a one year low of $1,176.31 and a one year high of $1,451.32. The business’s 50-day simple moving average is $1,344.17 and its 200 day simple moving average is $1,320.75. The stock has a market cap of $79.17 billion, a price-to-earnings ratio of 49.79, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG) last posted its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $7.16 EPS. On average, equities research analysts predict that TransDigm Group Incorporated will post 35.13 EPS for the current year.

Insider Activity at TransDigm Group

In related news, Director W Nicholas Howley sold 5,472 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $1,315.93, for a total value of $7,200,768.96. Following the sale, the director now owns 21,548 shares of the company’s stock, valued at approximately $28,355,659.64. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $1,323.02, for a total transaction of $3,969,060.00. Following the transaction, the chief operating officer now owns 3,600 shares of the company’s stock, valued at $4,762,872. This represents a 45.45 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 124,894 shares of company stock valued at $167,450,256. Corporate insiders own 4.09% of the company’s stock.

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.