Bain Capital Public Equity LP Invests $6.60 Million in Transdigm Group Incorporated $TDG

Key Points

• Bain Capital Public Equity LP has acquired a new stake in Transdigm Group, purchasing 4,770 shares valued at approximately $6.6 million, making it the firm's fifth largest position at 7.2% of its portfolio.
• Transdigm Group reported a missed earnings estimate for the last quarter, with EPS of $9.60 compared to the expected $9.75, while revenue was also below expectations at $2.24 billion.
• The company announced a special dividend of $90.00, increasing from the previous special dividend of $75.00, payable on September 12th.

Bain Capital Public Equity LP acquired a new stake in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,770 shares of the aerospace company's stock, valued at approximately $6,598,000. Transdigm Group makes up 7.2% of Bain Capital Public Equity LP's holdings, making the stock its 5th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Transdigm Group by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock valued at $8,797,619,000 after purchasing an additional 89,121 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Transdigm Group by 177,412.3% in the 1st quarter. GAMMA Investing LLC now owns 1,240,811 shares of the aerospace company's stock valued at $1,716,401,000 after purchasing an additional 1,240,112 shares in the last quarter. Windacre Partnership LLC raised its holdings in shares of Transdigm Group by 3.6% in the 4th quarter. Windacre Partnership LLC now owns 753,997 shares of the aerospace company's stock valued at $955,525,000 after purchasing an additional 25,997 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Transdigm Group by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 364,956 shares of the aerospace company's stock valued at $504,840,000 after purchasing an additional 14,703 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Transdigm Group by 24.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,771 shares of the aerospace company's stock valued at $433,120,000 after purchasing an additional 67,151 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on TDG shares. Wall Street Zen upgraded shares of Transdigm Group from a "hold" rating to a "buy" rating in a report on Saturday, May 17th. Morgan Stanley boosted their price target on shares of Transdigm Group from $1,575.00 to $1,750.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Truist Financial boosted their price target on shares of Transdigm Group from $1,553.00 to $1,730.00 and gave the company a "buy" rating in a report on Friday, July 11th. JPMorgan Chase & Co. boosted their price objective on shares of Transdigm Group from $1,480.00 to $1,500.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, KeyCorp reduced their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,624.69.

Insider Activity

In other news, Director Robert J. Small sold 45,700 shares of the business's stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $1,425.01, for a total transaction of $65,122,957.00. Following the sale, the director directly owned 88,419 shares of the company's stock, valued at $125,997,959.19. The trade was a 34.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $1,406.07, for a total transaction of $4,218,210.00. Following the sale, the chief operating officer directly owned 3,600 shares in the company, valued at $5,061,852. This trade represents a 45.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,932 shares of company stock valued at $96,378,273. 4.09% of the stock is owned by corporate insiders.

Transdigm Group Stock Down 0.8%

Shares of NYSE TDG traded down $9.65 during trading hours on Friday, hitting $1,272.16. 489,982 shares of the stock were exchanged, compared to its average volume of 335,867. Transdigm Group Incorporated has a 12 month low of $1,183.60 and a 12 month high of $1,623.82. The company has a market cap of $71.69 billion, a PE ratio of 42.22, a PEG ratio of 2.71 and a beta of 1.03. The firm has a fifty day moving average price of $1,479.69 and a 200-day moving average price of $1,416.89.

Transdigm Group (NYSE:TDG - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The aerospace company reported $9.60 EPS for the quarter, missing the consensus estimate of $9.75 by ($0.15). The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.29 billion. Transdigm Group had a negative return on equity of 35.27% and a net margin of 20.98%.The company's quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.00 earnings per share. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, equities analysts anticipate that Transdigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Transdigm Group Increases Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $90.00 per share. This is a boost from Transdigm Group's previous special dividend of $75.00. The ex-dividend date of this dividend is Tuesday, September 2nd.

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.