Charles Schwab Investment Management Inc. Acquires 12,147 Shares of TransDigm Group Incorporated (NYSE:TDG)

Charles Schwab Investment Management Inc. grew its stake in shares of TransDigm Group Incorporated (NYSE:TDG) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 350,253 shares of the aerospace company’s stock after buying an additional 12,147 shares during the period. Charles Schwab Investment Management Inc. owned 0.63% of TransDigm Group worth $443,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Proficio Capital Partners LLC grew its position in shares of TransDigm Group by 286,247.1% during the fourth quarter. Proficio Capital Partners LLC now owns 730,185 shares of the aerospace company’s stock valued at $925,349,000 after purchasing an additional 729,930 shares in the last quarter. Windacre Partnership LLC boosted its stake in TransDigm Group by 42.7% during the third quarter. Windacre Partnership LLC now owns 728,000 shares of the aerospace company’s stock valued at $1,038,951,000 after buying an additional 217,700 shares during the last quarter. Principal Financial Group Inc. grew its holdings in 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 valued at $2,694,585,000 after buying an additional 185,422 shares in the last quarter. JPMorgan Chase & Co. increased its stake in TransDigm Group by 9.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,997,827 shares of the aerospace company’s stock worth $2,851,160,000 after acquiring an additional 173,642 shares during the last quarter. Finally, FMR LLC raised 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 acquiring an additional 43,604 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TDG shares. Wells Fargo & Company raised shares of TransDigm Group from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $1,375.00 to $1,500.00 in a report on Friday, February 7th. Barclays restated an “equal weight” rating and issued a $1,500.00 target price on shares of TransDigm Group in a report on Monday, January 6th. Truist Financial increased their price target on shares of TransDigm Group from $1,482.00 to $1,534.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut TransDigm Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,444.00 to $1,348.00 in a research note on Thursday, January 2nd. Finally, StockNews.com raised TransDigm Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, TransDigm Group currently has a consensus rating of “Moderate Buy” and an average price target of $1,472.47.

Insider Buying and Selling at TransDigm Group

In other TransDigm Group news, Director Robert J. Small sold 38,053 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $1,248.78, for a total transaction of $47,519,825.34. Following the transaction, the director now owns 567,323 shares of the company’s stock, valued at approximately $708,461,615.94. This trade represents a 6.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin M. Stein sold 20,000 shares of the company’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 transaction of $24,961,400.00. Following the completion of the sale, the chief executive officer now directly owns 8,158 shares of the company’s stock, valued at $10,181,755.06. The trade was a 71.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 121,647 shares of company stock valued at $155,847,223 in the last ninety days. Corporate insiders own 4.09% of the company’s stock.

TransDigm Group Trading Down 1.7 %

NYSE TDG opened at $1,347.60 on Wednesday. TransDigm Group Incorporated has a 12 month low of $1,136.27 and a 12 month high of $1,451.32. The company’s 50-day moving average price is $1,316.62 and its 200-day moving average price is $1,325.91. The stock has a market cap of $75.58 billion, a PE ratio of 47.53, a PEG ratio of 2.76 and a beta of 1.40.

TransDigm Group (NYSE:TDG) 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. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. TransDigm Group had a net margin of 20.76% and a negative return on equity of 42.87%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the company posted $7.16 earnings per share. As a group, sell-side analysts forecast that TransDigm Group Incorporated will post 35.13 earnings per share for the current year.

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.