Banco Santander S.A. Raises Stake in TransDigm Group Incorporated (NYSE:TDG)

Banco Santander S.A. lifted its holdings in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) by 75.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,671 shares of the aerospace company's stock after purchasing an additional 716 shares during the quarter. Banco Santander S.A.'s holdings in TransDigm Group were worth $2,118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. State Street Corp grew its holdings in shares of TransDigm Group by 1.3% during the 3rd quarter. State Street Corp now owns 2,229,199 shares of the aerospace company's stock worth $3,181,357,000 after purchasing an additional 29,489 shares during the period. Principal Financial Group Inc. grew its holdings in shares of TransDigm Group by 9.6% during 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 purchasing an additional 185,422 shares during the period. JPMorgan Chase & Co. grew its holdings 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 during the period. FMR LLC grew its holdings in shares of TransDigm Group by 2.3% during the 3rd quarter. FMR LLC now owns 1,920,181 shares of the aerospace company's stock worth $2,740,348,000 after purchasing an additional 43,604 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of TransDigm Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,133,443 shares of the aerospace company's stock worth $1,612,583,000 after purchasing an additional 19,314 shares during the period. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on TDG shares. StockNews.com upgraded TransDigm Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 8th. Wells Fargo & Company raised TransDigm Group from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $1,375.00 to $1,500.00 in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft lowered TransDigm Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Truist Financial increased their target price on TransDigm Group from $1,482.00 to $1,534.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, Citigroup increased their target price on TransDigm Group from $1,563.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,472.47.

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TransDigm Group Stock Performance

Shares of NYSE TDG opened at $1,339.77 on Monday. TransDigm Group Incorporated has a fifty-two week low of $1,136.27 and a fifty-two week high of $1,451.32. The firm has a market capitalization of $75.14 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 2.76 and a beta of 1.38. The stock's 50-day simple moving average is $1,319.94 and its 200-day simple moving average is $1,326.81.

TransDigm Group (NYSE:TDG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The aerospace company reported $7.57 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the company earned $7.16 EPS. The business's quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current fiscal year.

Insider Transactions at TransDigm Group

In other news, COO Joel Reiss sold 3,000 shares of the firm's stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $1,257.09, for a total transaction of $3,771,270.00. Following the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,525,524. This trade represents a 45.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin M. Stein sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $1,248.07, for a total value of $24,961,400.00. Following the transaction, the chief executive officer now owns 8,158 shares in the company, valued at $10,181,755.06. This represents a 71.03 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 121,647 shares of company stock valued at $155,847,223. 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.

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