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

Darsana Capital Partners LP grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 21.2% in the 4th 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 buying an additional 35,000 shares during the period. TransDigm Group accounts for 7.7% of Darsana Capital Partners LP's investment portfolio, making the stock its 8th biggest position. Darsana Capital Partners LP owned approximately 0.36% of TransDigm Group worth $253,456,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new position in TransDigm Group during the fourth quarter valued at approximately $973,353,000. Proficio Capital Partners LLC increased its holdings in TransDigm Group by 286,247.1% in the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company's stock valued at $925,349,000 after buying an additional 729,930 shares during the last quarter. Edgewood Management LLC bought a new position in shares of TransDigm Group during the fourth quarter valued at approximately $399,595,000. JPMorgan Chase & Co. boosted its position in shares of TransDigm Group by 10.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,204,649 shares of the aerospace company's stock worth $2,793,908,000 after buying an additional 206,822 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of TransDigm Group by 9.6% in the 4th quarter. Principal Financial Group Inc. now owns 2,126,274 shares of the aerospace company's stock worth $2,694,585,000 after acquiring an additional 185,422 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Insider Buying and Selling

In other news, COO Joel Reiss sold 3,000 shares of the business's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $1,360.04, for a total value of $4,080,120.00. Following the completion of the sale, the chief operating officer now directly owns 3,600 shares of the company's stock, valued at approximately $4,896,144. The trade was a 45.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin M. Stein sold 20,000 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $1,354.08, for a total value of $27,081,600.00. Following the sale, the chief executive officer now directly owns 8,158 shares of the company's stock, valued at approximately $11,046,584.64. This represents a 71.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 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.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of TransDigm Group from a "hold" rating to a "buy" rating in a research report on Wednesday, April 23rd. Susquehanna raised their target price on 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. UBS Group upgraded shares of TransDigm Group from a "neutral" rating to a "buy" rating and set a $1,595.00 price target on the stock in a research report on Monday, February 24th. Truist Financial reduced their price target on shares of TransDigm Group from $1,534.00 to $1,490.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Wells Fargo & Company lowered their target price on TransDigm Group from $1,410.00 to $1,375.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, TransDigm Group currently has an average rating of "Moderate Buy" and a consensus target price of $1,464.41.

TransDigm Group Stock Performance

TDG stock traded up $14.20 during trading on Friday, reaching $1,448.39. The company had a trading volume of 384,994 shares, compared to its average volume of 256,476. TransDigm Group Incorporated has a twelve month low of $1,176.31 and a twelve month high of $1,468.00. The firm has a 50-day simple moving average of $1,348.86 and a 200-day simple moving average of $1,320.89. The company has a market cap of $81.23 billion, a price-to-earnings ratio of 51.09, a price-to-earnings-growth ratio of 2.76 and a beta of 1.08.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter in the prior year, the business earned $7.16 earnings per share. The company's revenue was up 12.1% compared to the same quarter last year. Sell-side analysts expect that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.