Optiver Holding B.V. Raises Stock Position in TransDigm Group Incorporated (NYSE:TDG)

Optiver Holding B.V. raised its stake in TransDigm Group Incorporated (NYSE:TDG) by 301.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 229 shares of the aerospace company’s stock after buying an additional 172 shares during the quarter. Optiver Holding B.V.’s holdings in TransDigm Group were worth $290,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in TDG. Anchor Investment Management LLC increased its holdings in TransDigm Group by 5.0% in the third quarter. Anchor Investment Management LLC now owns 917 shares of the aerospace company’s stock valued at $1,309,000 after buying an additional 44 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in TransDigm Group in the third quarter valued at about $618,000. Franklin Resources Inc. increased its stake in shares of TransDigm Group by 2.2% during the 3rd quarter. Franklin Resources Inc. now owns 205,543 shares of the aerospace company’s stock worth $290,151,000 after purchasing an additional 4,442 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of TransDigm Group during the 3rd quarter worth approximately $716,000. Finally, JPMorgan Chase & Co. increased its stake in shares of TransDigm Group by 9.5% during the 3rd 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 in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Barclays reissued an “equal weight” rating and set a $1,500.00 price objective on shares of TransDigm Group in a research note on Monday, January 6th. UBS Group raised shares of TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,595.00 price objective for the company in a research note on Monday, February 24th. Truist Financial dropped their price objective on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Northcoast Research upgraded TransDigm Group from a “neutral” rating to a “buy” rating and set a $1,500.00 target price on the stock in a research report on Wednesday, April 9th. Finally, Wells Fargo & Company reduced their target price on TransDigm Group from $1,410.00 to $1,375.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 15th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,464.41.

TransDigm Group Stock Performance

Shares of NYSE:TDG opened at $1,397.71 on Tuesday. The company has a market cap of $78.39 billion, a P/E ratio of 49.30, a PEG ratio of 2.76 and a beta of 1.08. 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 $1,339.86 and its 200 day simple moving average is $1,319.51.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings data on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, beating analysts’ consensus estimates of $6.73 by $0.84. TransDigm Group had a negative return on equity of 42.87% and a net margin of 20.76%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm earned $7.16 EPS. TransDigm Group’s quarterly revenue was up 12.1% on a year-over-year basis. Analysts predict that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

Insider Buying and Selling at TransDigm Group

In other news, Director W Nicholas Howley sold 5,472 shares of TransDigm Group 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 completion of the transaction, the director now owns 21,548 shares in the company, valued at approximately $28,355,659.64. This trade represents a 20.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert J. Small sold 1,000 shares of TransDigm Group stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1,335.22, for a total value of $1,335,220.00. Following the completion of the transaction, the director now owns 95,147 shares of the company’s stock, valued at approximately $127,042,177.34. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 124,894 shares of company stock worth $167,450,256 in the last 90 days. 4.09% of the stock is owned by corporate insiders.

TransDigm Group Company 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.