Darsana Capital Partners LP Purchases New Stake in TransDigm Group Incorporated (NYSE:TDG)

Darsana Capital Partners LP purchased a new position in shares of TransDigm Group Incorporated (NYSE:TDG - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 165,000 shares of the aerospace company's stock, valued at approximately $210,806,000. TransDigm Group makes up about 5.8% of Darsana Capital Partners LP's holdings, making the stock its 11th biggest holding. Darsana Capital Partners LP owned approximately 0.29% of TransDigm Group at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. raised its stake in TransDigm Group by 0.8% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 966 shares of the aerospace company's stock worth $1,190,000 after purchasing an additional 8 shares during the period. Team Hewins LLC raised its position in shares of TransDigm Group by 3.0% in the 1st quarter. Team Hewins LLC now owns 275 shares of the aerospace company's stock worth $339,000 after buying an additional 8 shares during the period. Souders Financial Advisors boosted its holdings in TransDigm Group by 1.1% in the first quarter. Souders Financial Advisors now owns 767 shares of the aerospace company's stock valued at $945,000 after acquiring an additional 8 shares during the last quarter. Bennett Selby Investments LP grew its position in TransDigm Group by 2.4% during the second quarter. Bennett Selby Investments LP now owns 336 shares of the aerospace company's stock valued at $429,000 after acquiring an additional 8 shares during the period. Finally, Checchi Capital Advisers LLC raised its holdings in shares of TransDigm Group by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 918 shares of the aerospace company's stock worth $1,131,000 after purchasing an additional 9 shares during the period. Institutional investors and hedge funds own 95.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TDG. Stifel Nicolaus increased their target price on shares of TransDigm Group from $1,300.00 to $1,325.00 and gave the stock a "hold" rating in a research report on Friday, June 7th. Morgan Stanley lifted their target price on shares of TransDigm Group from $1,550.00 to $1,575.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Susquehanna increased their price target on TransDigm Group from $1,200.00 to $1,250.00 and gave the company a "neutral" rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a "buy" rating in a research note on Thursday, June 20th. Finally, StockNews.com lowered TransDigm Group from a "buy" rating to a "hold" rating in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $1,438.24.

Insider Buying and Selling

In related news, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the sale, the chief executive officer now owns 8,158 shares of the company's stock, valued at $10,186,078.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the company's stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $1,248.60, for a total value of $12,486,000.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares in the company, valued at $10,186,078.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Joel Reiss sold 3,000 shares of the company's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $1,375.89, for a total value of $4,127,670.00. Following the completion of the sale, the chief operating officer now owns 3,600 shares of the company's stock, valued at approximately $4,953,204. The disclosure for this sale can be found here. Insiders sold 36,545 shares of company stock valued at $46,454,828 in the last three months. 4.96% of the stock is currently owned by corporate insiders.

TransDigm Group Stock Down 1.7 %

Shares of NYSE:TDG traded down $23.53 on Thursday, reaching $1,400.74. 204,026 shares of the company's stock were exchanged, compared to its average volume of 220,726. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,433.03. The business's 50-day moving average is $1,303.99 and its two-hundred day moving average is $1,281.04. The firm has a market capitalization of $78.60 billion, a price-to-earnings ratio of 55.56, a PEG ratio of 2.23 and a beta of 1.42.

TransDigm Group (NYSE:TDG - Get Free Report) last posted its earnings results on Tuesday, August 6th. The aerospace company reported $9.00 EPS for the quarter, beating the consensus estimate of $7.77 by $1.23. TransDigm Group had a negative return on equity of 66.70% and a net margin of 21.83%. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company earned $6.55 earnings per share. The business's revenue was up 17.3% compared to the same quarter last year. Analysts predict that TransDigm Group Incorporated will post 30.7 earnings per share for the current fiscal year.

TransDigm Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, October 4th will be given a dividend of $75.00 per share. The ex-dividend date is Friday, October 4th. This is an increase from TransDigm Group's previous dividend of $32.50.

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.